Carriers are reducing Asia-North Europe rate quotations for the first week of April, sparking yet another round of failed rate hikes on this route. Although capacity utilization picked up in week 10 due to a large number of sailings skipped, the reprieve will be temporary as carriers are bringing back capacity over the next few weeks including the launch of the Ocean Alliance’s new NEU3 service from week 15 that will add another 8,000-14,000 teu per week .
The repeated failures to push through