Type of container cargo no longer affects price in market defined by oversupply, discloses Xeneta
26 April 2016, Oslo: Xeneta can reveal that containership carriers are no longer pricing cargo according to type. Simply filling their vessels is now the number one priority. The Oslo-based benchmarking and market intelligence platform for containerized ocean freight argues that oversupply, better supply chain management and downwardly spiralling fuel costs have made the market so competitive over the last 18 months that ‘what’s in the box’ no longer plays a part in negotiations. Data gathered by the firm illustrates that the market average price for transporting a 40-foot container from