Subscribe to RSS feedDesperate times for lines as Asia-Europe rates head back down
by
Janet Porter - Lloyd's List
—
last modified
Jun 10, 2009 12:32 PM
Unless the slide in Asia-Europe freight rates can be reversed in coming weeks, some container lines face going out of business, according to industry sources.
Frantic efforts are now under way to raise westbound rates from Asia after April’s modest success proved short-lived, driving rates towards zero again.
Initial gains of around US$150 a 20-foot container achieved in the European spring have since been eroded, leaving...
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