( – FocusAsia Media Ltd)

LONDON, Apr 25 (FAM) – Shippers hoped that capacity issues on the backhaul Europe-Asia trade would quickly subside once the new alliances were launched, but nearly a month on the spot market tells a very different story.

Having risen to unprecedented levels in recent weeks aid a storage of slot space on vessels for European exporters to the Asian market, freight rates climbed to new highs this week, rising above headhaul spot prices.