Carriers’ efforts to stave off a rates collapse have met with marginal success over the past few months, but the crash of last week, when Asia-North Europe rates tumbled 34% to less than $996 per feu, marked an end to this.
MSI found that European demand for imports from Asia increased by some 5.9% in July, compared with a year earlier, entailing a YoY improvement in the year-to-date of 2.8%.
However, …
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