Blanked voyages fail to halt sliding spot rates, and March GRIs will be resisted
Blanked sailings and general rate increases (GRIs) have failed to arrest the drop in Asia-North ...
Photo: © trekandshoot
A rates war on the Asia-US West Coast tradelane is under way, as newcomer transpacific carriers offer lower rates to gain market share.
This has forced the established mainline operators to drop their rates to hold onto customers.
According to Linerlytica’s report this week, while the Shanghai-US West Coast rate on 23 August stood at $5,955 per 40ft, down 10% from the previous week, actual rates are more than $1,000 lower.
Linerlytica said: “Several of ...
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