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.
Already a subscriber?Log in here
Read the whole article
Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers
Start a free company trial todayRelated articles:
Order boom for ultra-large container vessels in 2015
For subscribers
Asia-Europe price war pushes rates to new low
For subscribers
South Korea takes the lead on container and tanker
For subscribers
.jpg&w=384&q=75)
