Carriers pour capacity into booming East Asia-Australia trade

Shipping lines are adding more capacity to the East Asia-Australia route, after freight rates surged by more than 30% within a month. Tight capacity resulting from high demand on the intra-Asia and long-haul routes, as well as congestion in key ports, are pushing up freight rates. CMA CGM’s Australian subsidiary, ANL, will team with Cosco affiliate OOCL to start an Australia-China Express (ACX) se Read full article →