Pricewar could hit Asien-Europa route
The freight rates on the container routes from Asia to Europe are at their lowest within the last few years, due to competition among the major container shipping companies that undermine each other in pursuit of market share. The situation is starting to look like a price war.
On top of the lowest rates in nearly two years on the Asia-Europe route, where the SCFI spot rate has been 17 percent below the level that can be written of as seasonal fluctuations, developments this week are crucial in determining whether the shipping companies are heading for a price war, SeaIntelligence Consulting, Lars Jensen, writes on his Linkedin profile.
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