Container spot freight rates on the main trades out of Asia have continued to fall as the postponement of the ILA strike eased industry concerns about the potential ramifications of the industrial action. Whilst some congestion did result from the three-day ILA strike which has affected...
As freight levels return to lows not experienced since before the COVID-19 pandemic, there are growing concerns of a container glut across some of China's busiest ports such as Shanghai and Yantian (Shenzhen). As orders of manufactured goods from Chinese SMEs and exporters fall, the balance...
The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...