Asia-Europe Rates Continue Falling Despite Cuts in Capacity
ShipLilly
NOVEMBER 13, 2019
Carriers are in preparation for a significant increase in costs as they make the transition to a low sulfur fuel, something that is set to take place over the next two months. Some carriers find themselves reviving old pricing tricks to surf this problem, despite capacity withdrawals and increased vessel utilization rates. Industry standards. The current volume has increased by roughly 6% year-over-year based on container trade statistics (CTS) data from January through August.
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