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.
BY OLE ANDERSEN
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.
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