Sentiment for rates on long-haul routes has turned positive for the first time since August. Vessel utilisation has been beyond expectations and Maersk has had to deploy extra loader services.
THE Alliance’s withdrawal of the EC4 US East Coast service in November will also help to reduce oversupply on the lane. On the Asia-Europe side, FAK rate hikes have helped push rates up, supported by capacity cuts.
The Shanghai Containerised Freight Index (SCFI) showed that Shanghai-US West Coast rates...
https://container-news.com/freight-rates-up-on-long-haul-lanes-as-capacity-withdrawn/