DSV: Rate slump on Asia-Europe could delay transport

The struggle among container shipowners to make money on the transport between Asia and Europe could result in delays for the customers, warns DSV.

Photo: Århus Havn

The container carriers are currently fighting to generate profits with the transport of containers on the main services between Asia and Europe where spot rates recently dropped below USD 300 for some transports. The development could have consequences for the shippers, writes DSV in a newsletter to its customers.

The numerous new mega-vessels currently being deployed on the routes, combined with a drop in global trade, are not good news for shipowners that with almost monthly announcements of rate increases (GRI) are trying to bring profits up on container freight. The next announced GRI will come Friday May 1, but is assessed by several analysts to fail like so many previous attempts. Therefore the shipowners must react in a different way, writes DSV.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

ECSA's new secretary general balances on a razor's edge

ECSA’s newly appointed secretary general, Sotirs Raptis, has taken up the helm of an organization criticized by its own members for being invisible. In an interview with ShippingWatch, Raptis explains how he intends to alter that image.

Related articles

Latest news

See all jobs