Asia-Europe carriers revise FAK rates in fight to rein in revenue erosion
While container spot rates on the transpacific are falling steadily week on week, the decline ...
The weakness of the Asia-Europe trade is being felt in Singapore, where container turnover fell, for the first time since 2009, to a four-year low. Throughput fell 8.7% last year over the previous year as shipping alliances impacted volumes and routes, as well as direct sailings, due to cheaper fuel prices, making Sinagpore a less attractive hub. It being Singapore, however, don’t expect it to sit around and wait for volumes to return. The proactive country is offering concessions and deals to get its traffic back.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
'Slow season' and ocean network stabilisation easing pressure on rates
Bottlenecks and price hikes as airlines now avoid Iran airspace
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article