Alphaliner: Destructive container price war hits new low

The price war on container freight between Asia and Europa is intensifying, and carriers are right now down to offering USD 150 for a 20-foot container, reports Alphaliner. The carriers' attempts at escaping this slump are wholly inadequate.

BY KATRINE GRØNVALD RAUN

Container carriers are right now engaged in an intense fight to fill their ships on journeys between Asia and Europe. Some carriers are prepared to go far below break-even, offering as little as USD 150 to transport a 20-foot container, teu, from Shanghai to North Europe, reports analyst agency Alphaliner, describing the current situation as a damaging rate war.

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Alphaliner: Destructive container price war hits new low

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Order boom for ultra-large container vessels in 2015

Asia-Europe price war pushes rates to new low

South Korea takes the lead on container and tanker

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Front page now

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

Will the world come to need 12 million barrels of oil a day?

Poseidon Principles align with IMO climate targets

Royal Arctic Line's chief executive steps down

Broker sees benefits in Fredriksen's possible purchase of rival's tankers

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Gram Car Carriers lands multi-year contract worth USD 114m

Mississippi River waters dip toward record low in threat to US crop exports

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Venture fund in Singapore wants increased business focus from start-ups

Further reading

Carriers go their separate ways on climate quotas

Media: Sale of DB Schenker enters next phase

Wärtsilä to introduce ammonia engine: "We are definitely not a bottleneck"

It's time for DHL's new global head of ocean freight to prove he can be number one

Will the world come to need 12 million barrels of oil a day?

Russia takes more risks by increasing shipping on Arctic route

Jobs