MSC revamps east-west network as alliance strategies on blanking vary
As container lines try to manage capacity in the face of wild swings in short-term ...
By Mike Wackett
Container spot rates are tumbling – and there are no signs of the usual pre-peak season turbo boost.
Drewry’s WCI index was a sea of red this week; its composite index shed another 3% for a year-on-year decline of 16%.
“Not only are rates continuing downwards, but they are also failing to exhibit the beginning of the seasonal uptick we see under normal circumstances,” said Lars Jensen, CEO of Vespucci Maritime.
The analyst said the continued decline in spot rates on the Asia-Europe ...
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