Asia-Europe capacity cutting must go deeper, says Drewry
Analyst fears for the fate of the spot market unless carriers move to withdraw significant ship capacity in the coming weeks, particularly if demand fails to impress. But with carriers fearful of not utilising their most expensive ULCs, spot rates could come under increasing pressure
Addressing the supply/demand imbalance on the Asia-Europe trade will prove even more vital in the coming weeks as contract negotiations get underway, according to Drewry