SeaIntel: Rate war to intensify in 2013

Major container companies deny reports that a rate war on the big routes is on-going, although the actual development clearly shows that it is. And the development is bound to pick up speed in 2013, according to analysis firm SeaIntel.

Photo: APM Terminals

Although container companies operating the major routes from Asia to Europe, on the Pacific Ocean and from Asia to the Mediterranean Sea officially deny a rate war from 2011 has resumed, it is clearly still on-going, SeaIntel concludes in a new analysis based on a mapping out of rate developments on six important routes. And the rate war is not just on-going, but has even intensified since May 2012, the analysis stresses.

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