Despite blanking 11 sailings this month, carriers have so far failed in their efforts to lift freight rates between Asia and North Europe.
And with bunker prices some 40% higher than a year ago, the tradelane is in potentially sub-economic territory.
Fortunately for ocean carriers, their transpacific trades are enjoying a post-peak season boom ahead of punitive 25% import tariffs due to be imposed by the US on a wide range of …
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Source: The Loadstar