Carriers may have halted container rate erosion, just as contract talks loom

October 18, 2019 Mike Wackett

Asia-North Europe ocean carriers are preparing big increases in FAK rates next month, after squeezing capacity on the route with blanked sailings and a suspended loop.
Maersk has advised its customers that from 1 November, its FAK rates from Shanghai to North European ports would rise to $1,100 per 20ft and $2,000 per 40ft.
CMA CGM intends to hike its Asia to North Europe rates to $1,000 per 20ft and $1,900 per ...

The post Carriers may have halted container rate erosion, just as contract talks loom appeared first on The Loadstar.

Previous Article
HEI: Goldman: CEO Confidence Has ‘Plunged’, Buybacks And M&A Spending Have ‘Collapsed’
HEI: Goldman: CEO Confidence Has ‘Plunged’, Buybacks And M&A Spending Have ‘Collapsed’

THE HEISENBERG writes: “Oh, what a difference a year makes. Thanks in no small part to tax cuts and deficit...

Next Article
Wincanton may join ‘bidding war’ for control of Eddie Stobart Logistics
Wincanton may join ‘bidding war’ for control of Eddie Stobart Logistics

UK haulage and logistics operator Wincanton has confirmed it is considering a bid to buy domestic rival Edd...