Container shipowners intensify battle for US East Coast

Following the protracted conflict on the US West Coast, larger freight volumes are being moved from Asia to the US East Coast. All the major shipowners have deployed more vessels with the result that rates are diving even further, writes Alphaliner.

Photo: Mark Lennihan

A total of six new container services are being added to the existing routes from the Far East to the US East Coast over the next few weeks. All the major carriers with, one exception, are fighting for the market, but the consequence is a lot of downward pressure on the already dropping rates on these routes, writes Alphaliner.

All the big shipowners except from the world's second largest, Swiss MSC, will until the end of May continue to increase their capacity between the Far East and the US East Coast in the hopes of the growing volumes of container being moved away from the US West Coast, which has been impacted severely by labor conflicts over a long period.

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