Container freight rates to hit 2016 levels
HONG KONG : Overcapacity and stalling demand are driving container shipping rates to new lows, according to the latest Market Pulse report from consultant Linerlytica. Asia to Europe
Box lines revise services in Europe
LONDON : Aiming to optimise and improve their network, several container lines have announced changes in their European services. First of all, CMA CGM has decided to revise
Container shipping market back in 2019
DAMMAM : Alan Murphy, CEO and founder of Copenhagen supply chain analyst Sea Intelligence,has warned of widespread service cancellations on major trade lanes across the Pacific Ocean and
India’s Cabotage Law Reform: A Game-Changer for Container Logistics
HAMBURG : In a groundbreaking and expansive move, India’s decision to relax its Cabotage Law has created significant waves in the nation’s container logistics industry, promising to usher
Trouble ahead: Container shipping rates sinking further into the red
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates
ABB to power Samskip’s revolutionary hydrogen-fueled container vessels
ZURICH : ABB, a Swedish-Swiss Multinational Corporation, is set to deliver a comprehensive power distribution system for Samskip Group‘s groundbreaking hydrogen-fueled container ships. These vessels, constructed by Cochin
Maritime industry explores Nuclear Power for ships, faces challenges
GENOA : According to Industry officials, the maritime sector is currently exploring the feasibility of employing nuclear fuel to power commercial ships, driven by technological advancements that are
CMA CGM and Maersk enter into decarbonisation partnership
MARSEILLE / COPENHAGEN : Two of the largest container shipping companies, Maersk and CMA CGM have decided to collaborate on decarbonisation initiatives. Both ocean carriers believe that working
Global production of shipping containers piles up at major ports because of lack of demand for goods
LONDON : Global production of shipping containers has fallen significantly as demand for goods sank following the easing of pandemic restrictions, leaving the corrugated steel boxes piled up
Container shipping under pressure as peak season hopes dim
LONDON : One of the earlier scenarios for container shipping’s 2023 peak season went like this: Importers would get cocky and keep much of their business in the