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.

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