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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.

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