With the approach of the Chinese Lunar New year, there seems to be little container shipping companies can do to stop the rapid decline in container spot rates.
According to the latest news of One Shipping: On November 24, South Korea's truck drivers began a nationwide strike.
A year ago, Los Angeles and Long Beach, the largest ports in the United States, were bustling; Now, on the eve of the busiest shopping season of the year, the two ports are desolate.
Maersk said it is offering shippers the opportunity to slow the arrival of shipments from Asia to ports in Europe and the US to help retailers manage bloated inventories as a number of retailers face overstocki...
According to the latest information from One Shipping :According to Alphaliner, as of 24 October,?the number of inactive container-ships either had reached 284, for a capacity of 1.2m teu!
Recently, shipping companies have continued to cancel voyages from China to northern Europe and the Western United States to slow the decline in container spot rates. Despite the sharp increase in the number o...