2M rivals look to capitalise on Asia-Europe withdrawals
With Maersk Line and Mediterranean Shipping Co suspending a flagship loop on the Asia-Europe trade, other carriers are attempting to grab market share. The practice of aggressive pricing strategies will only add to the downward pressure on spot rates in the lead up to China’s Golden Week holidays
CMA CGM has increased its pricing competition on the trade in a bid to grow market share twofold, according to one Asian carrier executive
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