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China-Middle East rates tumble with rising number of loaders

Rates from China to the Middle East have fallen by 35% over the past 4 weeks with several ad hoc loaders adding new capacity to meet market demand. The extra loaders included the following sailings mounted by Vasi Shipping Unicargo and OVP Shipping. * Vasi Shipping - NORTHERN VIVACITY (2,702 teu) 3 Nov 2022 : Qingdao, Xingang, Ningbo, Port Klang, Jebel Ali * Vasi Shipping - VASI STAR (1,730 teu) 16 Nov 2022 : Singapore, Port Klang, Jebel Ali * Vasi Shipping - NORTHERN VOLITION (2,702

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