Next month, 2M partners MSC and Maersk will deploy nine extra vessels on their Asia-Europe services, an injection of capacity in a period of weak demand that may unleash a ferocious race-to-the-bottom freight war on the tradelane.
Container spot rates from Asia to North Europe and Asia to the Mediterranean have been stable since mid-March, after the collapse from record highs, with, for example, this week’s Freightos Baltic Index (FBX) reading …
The post 2M ‘go-slow’ and massive capacity injection lights Asia-Europe touchpaper appeared first on The Loadstar.
