Ship scrapping fails to offset capacity growth
Top-News: No Teaser Text: Even though the number of containerships sent for scrapping has witnessed a surge this year, with 69 vessels of 124 000 TEU broken up by May compared to 85 000 TEU in all of...
View ArticleConcern over shipping rate volatility
Top-News: No Teaser Text: As container shipping lines prepare to introduce a new round of peak season surcharges on the trunk Asia-Europe trade route, overcapacity is causing forwarders to fear that...
View ArticleBIMCO: Container capacity adjustment important
Top-News: No Teaser Text: The Baltic and International Maritime Council (BIMCO) says the future may hold a much faster recovery and more sustainable box rates if tonnage is idled ‘to bring balance to...
View ArticleTough start for Year of the Water Snake
Top-News: No Teaser Text: ‘Far East-Europe freight rates are expected to come under pressure after the Lunar New Year,’ Alphaliner has stated in its latest weekly update. Due to enduring overcapacity,...
View ArticleContainer freight rates to rise by half?
Top-News: No Teaser Text: Container freight rates on trans-Pacific services from Asia to the USA could rise 50% by May this year if shipping lines succeed in pushing through planned rate increases,...
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