This is despite the fact that spot container prices

This is despite the fact that spot container prices
on Asia-Europe and trans-Pacific trade routes seem to have bottomed out and are rebounding

(see article: Rates rise on most routes, with Spain up 12.54% in a week!).

But demand remains weak and many new long-term contracts remain in limbo.

With low cargo volume and uncertain future prospects,

shipping companies have been cancelling voyages in order to mitigate the impact of extremely weak demand and raise spot rates.

But shippers,

Bcos and NVOCs are shifting a higher proportion of their business

to the spot market because of stalled contract negotiations and weak demand.

Related news

FAX:+86-533-4182785-802

Add: NO.128,Zhangbofuxian Road,Boshan,Zibo,Shandong,China.