Capacity reductions before and after the Chinese Golden Week indicate that there is a chance of avoiding a price war on the Asia-Europe route, but the shipping companies will have to maintain discipline if they want to successfully stabilize the market. In an analysis in its Sunday Spotlight this week, SeaIntel has looked at the capacity developments in the five weeks before and ten weeks after Golden Week.
“We find that the capacity market share only changes marginally across the major carrier groupings. Hence the foundation is in place for the avoidance of a rate war based on market shares for the rest of 2012,” writes SeaIntel.
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