Ocean carriers struggle with rate declines as market fundamentals remain strong
Asia-US container spot rates continue to fall despite capacity management and heavy discounts, leading to huge reductions in tenders for new contracts. Asia-US east coast trade lane is losing its premium spread advantage over west coast ports, while Asia-Europe trade lane margins are disappearing with each round-trip voyage. The transatlantic trade lane is the only market that remains resilient despite reduced load factors.
Source of information – The Loadstar
