Drewry: Drastic measures needed to stop rate erosion
Unless demand picks up significantly, carriers will need to use more drastic measures and start pulling out ships from Asia-Europe on a large scale in order to restore rates to profitable levels, says Martin Dixon, Research Manager at Drewry, to ShippingWatch.
BY OLE ANDERSEN
How carriers decide to handle the deluge of overcapacity that is increasingly inserted into Asia-Europe in the coming months will be critical to the development of the freight rates, says Martin Dixon, Research Manager at analyst agency Drewry.
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:
SeaIntel: Container rates now in free fall
For subscribers
Major capacity injection on minor routes
For subscribers
.jpg&w=384&q=75)
