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Published 1 year ago

Ocean Alliance upsizes trans-Atlantic route amid rate strength

Summary by joc.com

As global demand for Asian exports weakens, container carrier members of the Ocean Alliance are shifting post-Panamax ships from the trans-Pacific and Asia–Europe trades to the trans-Atlantic. Although adding capacity will put downward pressure on rates, increasing trade between the US and Europe should buoy the trans-Atlantic market.

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Ocean Alliance upsizes trans-Atlantic route amid rate strength

As global demand for Asian exports weakens, container carrier members of the Ocean Alliance are shifting post-Panamax ships from the trans-Pacific and Asia–Europe trades to the trans-Atlantic. Although adding capacity will put downward pressure on rates, increasing trade between the US and Europe should buoy the trans-Atlantic market.

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