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.
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