Another significant dive in the container rate of a massive 4.7 percent highlights how difficult it is for the major shipping companies to force up prices. The confidence in the success of the upcoming announced rate increases on 15 December is beginning to wane among the analysts monitoring the container sector.
“Traditionally, December is a period of increased volumes but I do not think that the next announced rate increase of USD 500 will come to much. I expect that the prices will remain still into 2013 and that changes will not happen until carriers start to seriously pull out capacity. Some of the major players, such as MSC, have still not done so”, Nordea Shipping Analyst, Finn Bjarke Petersen, says.
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