A two-tier market within the container shipping sector is opening up as spot rates in key trades collapse.
Carriers that focused on quoting spot rates are seeing their revenue fall, while those that preferred to negotiate long-term contracts are maintaining their income.
Shipbroker and consultancy Alphaliner said spot-focused carriers like HMM and Zim had seen their average revenue fall 9% and 7%, respectively, to $3,387 and $3,596/teu.
It explained: “As long as contract …
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