Expansion of alliances on Asia-Europe puts renewed pressure on rates
With the exception of the 2M alliance, which consists of Maersk and MSC, all the competing alliances plan capacity expansions on the key Asia-Europe tradelane this year. This will put pressure on freight rates, says Alphaliner.
Freight rates on the Asia-Europe routes could come under pressure as several shipping lines plan to expand their capacity on the key tradelane this year, projects analyst firm Alphaliner in its latest newsletter.
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