SeaIntel: Worst year for Asia-Europe since financial crisis
Spot rates on the major container carriers' main vein, Asia-Europe, continue to dive in spite of the latest attempts at raising prices. The tradelane is in the final stages of the worst year since the financial crisis, says SeaIntel.
by DANIEL LOGAN
The container carriers' repeated attempts at raising spot rates on the vital Asia-Europe route failed again with the latest announced GRI (General Rate Increase) on September 20. Instead the rates continue to dive in a market plagued by sliding demand and massive overcapacity.
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