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.

Photo: Hapag-Lloyd

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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