Mixed signals in MediterraneanDespite the continuing delivery of Ultra Large Container Vessels (ULCVs) into the world fleet, vessel capacity cascaded into the tradelane between Asia and the Mediterranean remained minimal. Moreover, cargo levels in August were surprisingly encouraging, but it was not enough to maintain freightrate levels.
Mixed signals in MediterraneanDespite the continuing delivery of Ultra Large Container Vessels (ULCVs) into the world fleet, vessel capacity cascaded into the tradelane between Asia and the Mediterranean remained minimal. Moreover, cargo levels in August were surprisingly encouraging, but it was not enough to maintain freightrate levels.