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.
Photo: Georg Wendt/AP/Ritzau Scanpix
Photo: Georg Wendt/AP/Ritzau Scanpix

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. 

Already a subscriber?Log in here

Read the whole article

Get access for 7 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
Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
Must contain at least 2 characters
Must contain at least 2 characters

Get full access for you and your coworkers

Start a free company trial today

Share article

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Newsletter terms

Front page now

Further reading