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 price war. Linerlytica‘s latest report, issued
International Women’s Day 2023: MSC Takes Steps to Embrace Equity in Shipping
GENEVA : To mark International Women’s Day 2023, MSC is highlighting some of its gender-inclusive initiatives as an advocate for women’s empowerment in shipping. MSC teams around the world have been celebrating International Women’s
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 and second-hand acquisitions, as the Swiss-Italian
Two Shipping Services to Connect Saudi Arabia with East Africa
RIYADH : The Saudi Ports Authority (Mawani) has announced the addition of Jeddah Islamic Port to the East Africa – Red Sea and Red Sea shipping services by cargo operator MSC. Jeddah’s inclusion as
Is there more on the horizon for container spot price falls?
By Mr. Gautham Krishnan The 2M Alliance between the Shipping- giants MSC and Maersk, announced earlier in the year about the disbanding of the alliance. Ever since then, the number of cancelled sailings on
MSC, world’s biggest shipping company and U.S.-China trade bellwether, is betting on a rebound for g…
GENEVA : MSC, Mediterranean Shipping Company, the world’s largest ocean freight line, tells that it is expecting positive signals for the global economy from trade demand, but it will be months before a rebound
“The global nature of trade will prevail,” MSC CEO tells TPM23 conference
GENEVA : Speaking for the first time at this year’s Transpacific Maritime Conference known as TPM23, MSC CEO Soren Toft gave a detailed overview of the company’s continued growth, expectations for economic recovery, and
FMC in tussle with MSC over $1,000 surcharge
WASHINGTON, D. C. : The Ocean Shipping Reform Act of 2022 (OSRA 2022) broke new ground, in creating mechanisms for cargo interests to challenge charges initiated by carriers that are potentially not conforming with