A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted Jolt Katona, head of AP Moller-Maersk in the Eastern Europe region. This was reported by the Interfax agency.
According to Cato, the reason for this situation is that the number of vessels and capacity is still less than needed for shipping, especially from China to Europe and North America. “According to the dynamics, we expect that this situation will remain until the end of the year, because there is a lot of accumulated cargo that cannot leave”
A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted the head of AP Moller-Maersk in the region. This was reported by the Interfax agency. The same trend is observed in the market of transit rail transportation from China to Europe, Katona noted.
A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted Jolt Katona, head of AP Moller-Maersk in the Eastern Europe region. This was reported by the Interfax agency.
According to Cato, the reason for this situation is that the number of vessels and capacity is still less than needed for shipping, especially from China to Europe and North America. “According to the dynamics, we expect that this situation will remain until the end of the year for sure, because there is a lot of accumulated cargo that cannot leave,” explained the CEO of Maersk.
A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted Jolt Katona, head of AP Moller-Maersk in the Eastern Europe region. This was reported by the Interfax agency.
According to Cato, the reason for this situation is that the number of vessels and capacity is still less than needed for shipping, especially from China to Europe and North America. “According to the dynamics, we expect that this situation will remain until the end of the year for sure, because there is a lot of accumulated cargo that cannot leave,” explained the CEO of Maersk.
The same trend is observed in the market of transit rail transportation from China to Europe, Katona noted.
A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted Jolt Katona, head of AP Moller-Maersk in the Eastern Europe region. This was reported by the Interfax agency.
According to Cato, the reason for this situation is that the number of vessels and capacity is still less than needed for shipping, especially from China to Europe and North America. “According to the dynamics, we expect that this situation will remain until the end of the year for sure, because there is a lot of accumulated cargo that cannot leave,” explained the CEO of Maersk.
A decrease in freight rates on the global spot market of sea container transportation is not expected until the end of the year, noted Jolt Katona, head of AP Moller-Maersk in the Eastern Europe region. This was reported by the Interfax agency.
According to Cato, the reason for this situation is that the number of vessels and capacity is still less than needed for shipping, especially from China to Europe and North America. “According to the dynamics, we expect that this situation will remain until the end of the year for sure, because there is a lot of accumulated cargo that cannot leave,” explained the CEO of Maersk.