The major container carriers hesitate to trim their capacity due to fears of losing market shares on the routes from the Far East and the Pacific ahead of the winter season and the implementation of new alliances. This could make the rates plummet to a new low during the 4th quarter, and this happens at a time when new mega-ships are being deployed on a large scale, according to analysts Alpahaliner.
The spot rate has declined another 44 percent compared to early August, to a current market level of down to USD 650 per teu.
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