Weak US demand and the addition of new tonnage seems to have killed container carriers' hopes of improval for the rates on the Pacific, from the Far East to North America. Instead, the carriers can look forward to a tumultuous year ahead, writes Alphaliner on Tuesday.
According to the container analysts, capacity on the Pacific will increase by 6.8 percent during this year's peak season. From Asia to the US West Coast, capacity will increase by 8.9 percent, while Asia to the US East Coast will grow by 2.2 percent.
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