Evergreen is set to enter the east coast of South America to Northern Europe trade for the first time.
However, a line manager at NYK Line said that carriers involved in the trade lane were suffering from low freight rates and that this move will “kill off any chance of us getting back some of our losses”.
Be that as it may, the new joint venture will operate a weekly, fixed-day service using six vessels with an average of just over 2,000 teu per ship.
“That will bring a lot of extra space in the market,” said the NYK Line source. “And that is making us very worried about the freight rate level.
“Lines involved in this trade have been trying to push the rates up but this move will bring them right back down again.”
However, a line manager at NYK Line said that carriers involved in the trade lane were suffering from low freight rates and that this move will “kill off any chance of us getting back some of our losses”.
Be that as it may, the new joint venture will operate a weekly, fixed-day service using six vessels with an average of just over 2,000 teu per ship.
“That will bring a lot of extra space in the market,” said the NYK Line source. “And that is making us very worried about the freight rate level.
“Lines involved in this trade have been trying to push the rates up but this move will bring them right back down again.”