Overcapacity, falling spot rates risk trans-Pacific rate war
2022-11-23 08:17

Overcapacity, falling spot rates risk trans-Pacific rate war

"With container spot rates from Asia to North America plunging below post-pandemic levels and a flood of new tonnage set to push the container shipping industry into overcapacity, the most profitable days for ocean carriers are behind them. The trade lane is ripe for a rate war." See the original story at JOC.

Source: JOC