Suez return a major threat to carrier efforts to halt transpac spot rate slide

Teu-mile demand growth has regressed for the first time since January, reflecting a combination of blanked sailings by major carriers during China’s Golden Week, increased newbuild vessel deliveries, and more ships returning to the Suez Canal on Asia-Europe routes. According to container shipping consultancy Linerlytica, several long-haul services have been cancelled in response to weaker Chinese Read full article →