Container carriers failed to take advantage of stronger-than-expected growth on the Asia-North Europe tradelane this year and underpin FAK rate increases.
According to Drewry, data from CTS reveals headhaul demand on the route increased by 5.9% in the first eight months of the year, compared with just 2.9% in 2018, but evidence of “predatory pricing” by the lines meant “they had missed out on the benefits”.
Drewry said the tradelane had appeared to …

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Source: The Loadstar