SeaIntel calls for less capacity on Asia-Europe

The planned reductions for container shipping between Asia and Europe in relation to the Chinese Golden Week are not enough to make the market profitable, writes SeaIntel.

Photo: Hapag-Lloyd

If the major container shipping companies are to succeed in raising the freight rates to acceptable levels on the key routes between Asia and Europe, they need to further reduce the capacity between the two continents, says an analysis by SeaIntel. The analysts have looked at the planned reductions in relation to Golden Week, and 11 weeks ahead.

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