Europe to Asia reefer rates slide
Europe to Asia reefer rates slide
Stay updated with breaking news from Peter Sand. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Freight rates on the Europe to Far East trades have begun to follow the wider container market down after a period of resistance.
As 2023 begins, many participants in the cargo supply chains are breathing a little easier as inventory buildups backdown and congestion has eased.
Maersk and MSC will end 2M Shipping alliance in 2025; comes as supply chain issues caused by the coronavirus pandemic have alleviated and global demand for trade has fallen.
In a severe display of the weak demand undermining the containerized ocean freight industry, the latest data from Xeneta reveals carriers blanked more than six times the number of sailings on the main Asia to US West Coast corridor leading up to Chinese New Year as they did in the equivalent period of 2019, just before the global ´pandemic.