Container Rates Stall as Capacity Glut Offsets Hormuz Shock
Container spot freight rates on the main east-west trades largely flatlined this week as excess capacity and uneven demand failed to further spur recent pricing increases by carriers.
Image: Maersk Line
2nd Officer Yaroslav Karetnikov of the Mærsk McKinney-Møller created a timelapse video of his ship’s maiden port call to Busan, South Korea.
Watch it here:
Updated: February 27, 2014 (Originally published July 30, 2013)
Sign up for gCaptain’s newsletter and never miss an update
Subscribe to gCaptain Daily and stay informed with the latest global maritime and offshore news
Essential news coupled with the finest maritime content sourced from across the globe.
Sign Up