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Zim keeps A-E loops despite plans to withdraw from trade in April
ISRAELI container shipping line Zim is continuing to offer Far East-North Europe services, albeit a reduced number of sailings, despite its announced "withdrawal" from the trade in April, and as spot rates fall.
Following the closure in May of the weekly Far East-Europe service, which it jointly operated with CSCL (AEX-1), it is still offering monthly ad hoc sailings.
Zim operates these sailings with ships ranging in size from 4,600 to 10,000 TEU.
Zim's ad hoc Far East-Europe sailings continue to be advertised even as Asia-Europe rates decline. The SCFI spot rate from Shanghai to North Europe decreased to $908/TEU as at September 19, the first time it dropped below the key $1,000/TEU rate since March, reported Alphaliner.
Rates as low as $650/TEU are currently offered, just ahead of the October Golden Week holidays in China, with rate weakness expected to persist until the end of the year.
Following the closure in May of the weekly Far East-Europe service, which it jointly operated with CSCL (AEX-1), it is still offering monthly ad hoc sailings.
Zim operates these sailings with ships ranging in size from 4,600 to 10,000 TEU.
Zim's ad hoc Far East-Europe sailings continue to be advertised even as Asia-Europe rates decline. The SCFI spot rate from Shanghai to North Europe decreased to $908/TEU as at September 19, the first time it dropped below the key $1,000/TEU rate since March, reported Alphaliner.
Rates as low as $650/TEU are currently offered, just ahead of the October Golden Week holidays in China, with rate weakness expected to persist until the end of the year.
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