Hapag-Lloyd has announced it will reduce its FAK (freight all kinds) rates between Asia and North Europe from 1 February, and the Ocean Alliance is to void three more sailings, due to “expected low demand” post-Chinese New Year.
Hapag-Lloyd’s FAK rates will fall from $1,150 to $1,000 per 20ft and from $2,200 to $1,900 per 40ft, but for Mediterranean ports they will remain at $1,500 and $2,900.
The German carrier is no doubt reacting to updated booking forecasts for …
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Source: The Loadstar
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