Smaller forwarders on the trade lane are pooling their cargo volumes in formal and informal arrangements to get vessel space at favorable fixed rates as some carriers focus primarily on larger customers.
The Taiwanese carrier is joining an industrywide shift away from methanol that accelerated last year amid growing supply concerns.
Adding to the space pressure, forwarders reported three West India-USEC vessel blankings for February, including one on CMA CGM’s Indamex service and two on Ocean Network Express’ WIN loop.