While unrelenting port congestion in Europe has made liner operators skip some calls, it has been insufficient to prop up the freefall in freight rates.
Alphaliner, in its latest report today, stated that Shanghai – North Europe spot freight rates have fallen by 48.5% in Q3. Its count of vessel arrivals for the 18 mega-alliance services between the Far East and North Europe (six for 2M, seven for OCEAN Alliance and five for THE Alliance) in Rotterdam, Hamburg, Bremerhaven, Wilhelmshaven,...
https://container-news.com/congested-european-ports-not-enough-to-cushion-falling-volumes/