Carriers’ capacity discipline keeps rates in check
A concerted effort by box lines to limit the influx of supply on mainline trades means shipping can expect firming rates in the second quarter, according to SeaIntelligence. The analysts say ‘a solid strengthening of rate levels’ is on the cards for the transpacific, while blanked sailings could easily prompt Asia-Europe rates to head in the same direction
Supply cuts on the transpacific are already having an impact on the spot market, with rates to the US west and east coast from Asia surging this week