MSC tops in ship recycling and purchases
GENEVA : Mediterranean Shipping Company (MSC) is leading the way both in ship demolitions and ship purchases. Cash buyers said that MSC has scrapped 15 vessels so far
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
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
THE Alliance stops rerouting ships around the Cape of Good Hope on the Asia-Europe route
SINGAPORE : THE Alliance has stopped rerouting ships around the Cape of Good Hope on the Asia-Europe route. The rerouting was a temporary measure as sailings were blanked in
Shipping lines refusing to cut capacity in price war
HONG KONG : Container freight rates are still falling, while charter rates are holding up, suggesting that liner operators are chasing market share, even if it means a
2M Alliance split highlighted with Maersk idling more ships
SINGAPORE : Maersk Line continues to lose ground to MSC with the highest number of ships idled at the moment while MSC is still taking on fresh charters