Carriers see losses on main routes due to collapsing spot rates
Spot rates on critical routes between China, the US and Europe have dropped to levels below carrier break-even. Profits are under severe pressure, says analyst.
AF JENS THOMSEN, DAG HOLMSTAD
For the first time since profits flooded container markets last year, spot rates have plunged to levels causing several carriers to lose money on integral routes between China, US and Europe, estimates chief analyst Peter Sand from consultancy Xeneta.
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