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Carriers pivot on the fly as Asia-US spot rates plummet

Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level driven by falling volumes and today’s much higher operating costs. Spot rates from Asia to ...

WP_Post Object ( [ID] => 282305 [post_author] => 98 [post_date] => 2022-11-13 22:00:57 [post_date_gmt] => 2022-11-13 22:00:57 [post_content] => Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level driven by falling volumes and today’s much higher operating costs. Spot rates from Asia to ... [post_title] => Carriers pivot on the fly as Asia-US spot rates plummet [post_excerpt] => Ocean carriers on the Asia to West Coast trade are fast approaching the point where they will lose money on every container they haul as plummeting spot rates sink near pre-pandemic levels and bump up against a new break-even level driven by falling vo... [post_status] => publish [comment_status] => open [ping_status] => closed [post_password] => [post_name] => carriers-pivot-on-the-fly-as-asia-us-spot-rates-plummet [to_ping] => [pinged] => [post_modified] => 2022-11-13 22:00:57 [post_modified_gmt] => 2022-11-13 22:00:57 [post_content_filtered] => [post_parent] => 0 [guid] => https://www.hellenicshippingnews.com/?p=954402 [menu_order] => 0 [post_type] => news [post_mime_type] => [comment_count] => 0 [filter] => raw )