SeaIntel Consulting: Asia-Europe infecting the whole world
Spot rates on Asia-Europe tumbles down again. A sign of the weak market spreading to the other routes. Some carriers are more vulnerable than others, Lars Jensen of SeaIntel Consulting tells ShippingWatch.
BY KATRINE GRØNVALD RAUN
Last week's steep dive in spot rates on Asia-Europe, down 32 percent to just USD 444 per twenty-foot container, is mainly a sign that the market remains fundamentally weak, Lars Jensen of analyst agency SeaIntel Consulting tells ShippingWatch.
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