Receive FREE Newsletter
Advanced Search
+

News / Transatlantic carriers must change course and rethink expansion plans

OOCL Dubai Credit Vesselfinder
Photo: VesselFinder
By

Transatlantic container rates from North Europe to the US east coast have fallen below pre-pandemic levels after ocean carriers pumped far too much capacity back into the tradelane.

And now, against a backdrop of poor voyage results, shipping lines are being obliged to revise their growth ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

  • Brian Pendleton

    December 06, 2023 at 6:19 am

    Save money and use Liverpool 2 for the big container ships to the west coast, USA.

Related Stories

Topics

CMA CGM Cosco Hapag-Lloyd Maersk MSC OOCL Rates: the eternal tango Transatlantic

Most read news

Keep our news independent, by supporting The Loadstar

Four crew members still missing as Wan Hai 503 continues to burn

Explosions and 'out-of-control' fire reported on Wan Hai box ship

Carrier price hikes hold, driving spot rates higher as space gets scarcer

Predatory rivals circle as the ripples from DSV's Schenker buy widen

MSC Elsa crew face criminal probe, as Wan Hai 503 firefighters battle on

'It's driving us mad', say forwarders as US court fails to end tariff turmoil

Transpacific rates ease as capacity boost proves too much for trades to digest

European port congestion easing – for now

Turkish Airlines falls foul of air safety regulations, claims India's aviation authority

CMA CGM 'testing the water' of the Suez Canal for more services

Flexport: Sanne Manders talks profitability, fire-sales and Dave Clark

DSV insiders hit back at Kuehne & DHL GF – got a 'pro integration' going

More legal trouble in India for MSC: feeder vessel detained after box ship disasters

Does size really matter on the merry-go-round that is forwarding?

Air rates and volumes still volatile – but carriers stay bullish