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.

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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