Lower container ship utilization puts pressure on spot rates
Three major container routes across the Pacific and Atlantic Oceans show signs of waning capacity utilization, putting pressure on already declining spot rates, according to new numbers from Sea-Intelligence.
by DAG HOLMSTAD
Demand for container transport is declining slightly, while new numbers on the three major tradelanes, Asia-US, Asia-Europe and Europe-US, reveal that utilization of capacity is also diving, thereby continuing to put downward pressure on spot rates.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Container rates decline for ninth consecutive week
For subscribers
Pressure on supply chains eases for second month in a row
For subscribers
Hapag-Lloyd more than tripled its profit in H1
For subscribers
