ShippingWatch

Low bunker price puts on pressure the intra-Asian market

The once lucrative intra-Asian market is now under pressure from the low bunker price, which is causing carriers to open brand new services and thus creating overcapacity, MCC tells ShippingWatch.

The low bunker prices are seen by most carriers as a gain, visible on the bottom line. But this is not necessarily the case for the already fiercely competitive intra-Asian market for container traffic.

According to Maersk's intra-Asian feeder carrier MCC, the low bunker price has led to local carriers launching a plethora of new services as a result of the cheap fuel.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

Extreme container rates can push shippers into bankruptcy

Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.

Containers piling up at Port of Felixstowe

Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.

Further reading

Related articles

Trial banner

Latest news

See all jobs