The capacity crisis that has afflicted the Asia-Europe trade since November has come to an end, as volumes have eased and carriers have started to re-introduce tonnage. One forwarder contact told IFW that as a result of space on ships being freed-up, all-in spot rates from Asia to Europe had dropped below US$2,000 per teu for the first time since the start of February.
Green Marine
about 16 years ago
Asia-Europe capacity crisis over
The capacity crisis that has afflicted the Asia-Europe trade since November has come to an end, as volumes have eased and carriers have started to re-introduce tonnage. One forwarder contact told IFW that as a result of space on ships being freed-up, all-in spot rates from Asia to Europe had dropped
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