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Shippers prep for Asia-Europe for trade volatility.

Shippers and forwarders, some already bruised following the rollout of new global container shipping alliances and subsequent delays in the trade between China and Europe, are preparing for more pain and disruption in the form of canceled sailings and even scrubbed services, as carriers scramble to mitigate a massive injection of capacity on the Asia-Europe trade over the next two years. 

The 23 percent jump in capacity forecast by industry analyst SeaIntel jeopardizes carriers’ improving fortunes; after six straight years of financial losses totaling billions of dollars, they’re set to end the year with a collective profit of $5 billion, according to London-based Drewry Shipping Consultants. 

Other than tightening capacity from in the eastbound Europe-to-China trade during the run-up to the launch of the new alliances in April and a peak-season surge in volumes that led to congestion at Chinese and European terminals, the trade has been relatively calm. 

 

Andre saker

It is a strong name in the Norwegian Transport and Forwarding industry, which in 2021 looks back on 75 years of operation. We are quite proud, still being a family owned business in a market consisting of major constellations.
The decline in trans-Pacific spot rates to the US East and West coasts shows that capacity remains adequate despite growing concern over tight space and the rolling of containers in favor of higher-paying cargo.
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