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Container rates will stay low through rest of 2013

Chances of the major container carriers on Asia-Europe successfully implementing new announced rate increases from November 1st seem doomed in advance, says Alphaliner.

Even though spot rates on the container route between the Far East and Northern Europe have been cut in half during the past eight weeks, from USD 1,501 per teu in early August to currently USD 765 per teu, carriers still hesitate to withdraw capacity. As such, their chances of successfully increasing the rates for the rest of the year look doomed, says Alphaliner.

In spite of plans to cut nine sailings between the Far East and Northern Europe during the next two weeks due to the Chinese holiday Golden Week, resulting in lower demand, the move will still only have a moderate effect. Last year, three services were pulled out during the 4th quarter, but no similar measures have been announced for this year.

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