ShippingWatch

South America next battleground in container price war

Trades from the Far East to South America can look forward to a massive capacity influx in July, says Alphaliner. South America will likely be the next battleground in the container carriers' price war.

Photo: Hapag-Lloyd

Container carriers will likely get a new battleground on which to carry out the current price war in the sector. A reorganization of the existing container alliances on the Far East-South America means that the weekly capacity on these services will increase by 11 percent, from 70,500 teu in June to 78,000 teu by late July, according to Alphaliner.

The analyst agency projects that South America will likely be the next trade hit by the current price war among container carriers, and this development comes "at a time when Far East-South American cargo demand growth is patchy," notes Alphaliner.

Already a subscriber? Log in.

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.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from ShippingWatch

HMM doubled revenue in Q1

South Korean container line HMM follows the trend of European competitors, which have already presented their first-quarter financials. Revenue doubled in a significant surge.

Further reading

Related articles

Latest news

See all jobs