Fearnley: Maersk peak season surcharges hard to achieve

In its most recent container comment, Fearnley Fonds suspects that the recent peak season surcharges announced by Maersk Line will not be achieved in a market in which prices have started to fall.

Photo: Maersk Line

According to Fearnley Fonds, Asia-Europe rates are coming further down and there is some price pressure in the market from various liners. Fearnley believes carriers are now facing difficulties in pushing through more rate increases, on the back of continued high deliveries from yards and re-activation of idle vessels and new services.

Maersk has announced  that it will introduce a peak season surcharge of 350 dollars/teu on Asia-Europe following a two week delay as “the market in our view is firm enough to sustain the increases”, according to Tim Smith, CEO of Maersk Line North Asia.

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