GCTL8.com (FocusAsia Media Ltd)

CHICAGO, Nov 16 (FAM) – Transpacific rates could come under increasing pressure in the coming weeks if carriers continue to chase market share rather than focusing on strengthening rates, analysts warn.

In its weekly Spotlight report, SeaIntel says that carriers operating Asia-North American services are in a position where, if they decided to blank sailings as per last year, then freight rates would likely continue to increase and remain “compensatory for the rest of the year”. However, it adds that there is little evidence to suggest this is the path carriers want to pursue.