Charter rates are starting to falter with carriers forced to reconsider their
peak season deployment plans especially on the transpacific where demand has
remained very weak while the risk of an escalation in port congestion has been
substantially lowered following the ILWU agreement reached last week. The sharp
decline in transpacific rates has already forced all the new carriers apart from
Swire/UWL out from the trade, with Pasha and CU Lines the latest micro-carriers
to withdraw.
The increas