Ocean carriers’ habit of dumping unwanted vessel capacity from East-West schedules into North-South services appears to be reaching saturation point. Carriers are paying a high price for continuing to manage capacity in East-West trades as cascading is now seriously hemorrhaging freight rate levels in North-South services. The scale of decline during 2Q13 suggests
Ocean carriers’ habit of dumping unwanted vessel capacity from East-West schedules into North-South services appears to be reaching saturation point. Carriers are paying a high price for continuing to manage capacity in East-West trades as cascading is now seriously hemorrhaging freight rate levels in North-South services. The scale of decline during 2Q13 suggests