Asia-Europe Ocean Carriers Confident on Rate Hikes

Conventional wisdom and economic logic, it seems, are two ideals shipping lines operating in the world’s largest ocean trade really don’t care to acknowledge. How else to explain Asia-Europe carriers’ attempt to push through steep rate increases amid cargo growth that’s advancing at a snail’s pace, a persistent glut of capacity and increasingly volatile spot pricing — and doing it during the traditionally weak fourth quarter that followed a second consecutive flat peak season?