ShippingWatch

SeaIntel: Price war coming to an end

Within the next 4-8 weeks, the leading container carriers will announce drastic rate increases while pulling ships out of Europe-Asia. The current rate level is completely unsustainable and highy loss inducing, writes SeaIntel.

Photo: APM Terminals

The current price war on the spot rates in container traffic between Asia and Europa is coming to an end. Not because the rates are about to go up, quite the opposite. And not because the carriers are pulling capacity out of the market. Right now, in fact, it looks like the carriers will only pull out a modest amount of capacity during the next 12 weeks, at just 2.4 percent. In comparison, the latest numbers from Container Trades Statistics (CTS) show that cargo volumes have gone down 7.7 percent.

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

Further reading

Related articles

Latest news

See all jobs