Container freight rates to hit 2016 levels
HONG KONG : Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Asia to Europe rates are already below 2019 levels
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates “continue to lose ground, bending under
THE Alliance stops rerouting ships around the Cape of Good Hope on the Asia-Europe route
SINGAPORE : THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in response to falling volumes. In November
Shipping lines refusing to cut capacity in price war
HONG KONG : Container freight rates are still falling, while charter rates are holding up, suggesting that liner operators are chasing market share, even if it means a price war. Linerlytica‘s latest report, issued
