Carriers Look to Higher Rates, Fewer Sailings on Key Asia-US Route
Deep in the heart of the slow shipping season and as they prepare for New Year contract negotiations, ocean container carriers have yet to find a good way to re-synch demand and capacity on the trans-Pacific.
Rates on the benchmark Asia-U.S. trade lane diverged in the latest week, according to analyst Freightos (NASDAQ: CRGO).
Capacity reductions and an array of announced blanked sailings on the trans-Pacific have so far failed to bolster recent general rate increases (GRIs)...
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