Ocean container rates out of Asia continued to fall last week, slipping beneath 2024 lows on a combination of a post-Lunar New Year lull in demand, impacts from the new carrier alliance services still moving into place, and capacity growth.
Asia-Europe prices dipped 11% to US$2,740/FEU, 14% lower than their 2024 floor, and Asia – Mediterranean rates eased 9% to less than US$3,800/FEU, 10% lower than the nadir on this lane last year.
The post-LNY demand slump may be more pronounced than usual on...
https://container-news.com/container-rate-slide-may-point-to-start-of-overcapacity/