Alphaliner: Shipping lines have started to withdraw Asia – Europe capacity

According to the last chart published by Alphaliner, shipping lines have started to withdraw Asia – Europe capacity (- 7.2% since August) with MSC and Maersk taking the lead.

• CULines admits that small ships are no longer competitive on the trade
• Shanghai – North Europe spot ocean freight rates down to USD 2,170/feu
• CULines’ exit from the Asia – North Europe route will not have any impact on the market

Source: Alphaliner