It is a positive development and it supports the rate increases, but it does not create stability and solid rate increases. That is Lars Jensen’s comment to Maersk Line and CMA CGM’s capacity withdrawals on the Asia-Europe route.
“If we really want a proper strengthening of the Asia-Europe market, we ought to see more capacity being withdrawn. I think we are reaching a point where there is enough capacity for them to get their rate increases, but not necessarily enough to create real stability,” says Lars Jensen to ShippingWatch.
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