Load factors: Carriers failing to address trade imbalance
Despite significant cutbacks on capacity, including unprecedented blank sailings over the peak season, utilisation levels on the key Asia-Northern Europe route will remain weak in the third quarters. Supply additions are expected to continue to outweigh demand growth into 2020, suggesting carriers will struggle to lift freight rates anytime soon
MDS Transmodal forecasts average load factors on the Asia-Northern Europe trad will fall from around 74% in the second to nearer 72% in the third quarter of 2019
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