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Container carriers far from new digital future

Digitalization has far from had a breakthrough in shipping, and the many new platforms have produced no real changes in the sector, which is lagging far behind other industries, writes Alphaliner in a new analysis.

Vestager: Strong competition in the container sector

Alliances and competition can work together, says the EU Competition Commissioner, Margrethe Vestager. She is prepared to extend the container carriers' block exemption from the union's competition rules, she tells ShippingWatch.

SeaIntel projects massive overcapacity

The container market is behaving significantly different than usual this year in relation to China's Golden Week. There are far fewer blank sailings than usual, and rates have plunged since this summer.

2M alliance struggling to improve schedule reliability

Even though the new alliances have generally delivered significantly better schedule reliability in recent months, the world's biggest alliance, between Maersk Line and MSC, has been pushed down at second place among the three mega-alliances, shows a new analysis.

Two months of decline in container rates put pressure on the industry

The container rates have dropped significantly since the middle of this summer, and Alphaliner projects a turbulent October. The most recent ultra-large orders from MSC and CMA CGM have triggered uncertainty in the long term. Read on to learn how far the individual routes have plunged.

Germany's NSB enters Indonesian joint venture

German shipping group NSB has joined forces with Indonesia's Temasline to form a joint venture based in Indonesian capital Jakarta, thus growing its operated fleet to 96 vessels. None of the vessels are currently sailing under German flag.

New mega-vessels threaten to undermine strong 2017 rates

Capacity on Asia-Europe will increase significantly in coming years, with a 13-percent rise in the fourth quarter 2017 alone. Carriers are forced to cancel sailings to avoid tipping the balance, writes SeaIntel. Otherwise they could see an end to the high rates currently experienced by the industry.

Six-year record in sight for container transport

Revenue in container ports was so promising in the first half of the year that Drewry believes growth in the full-year 2017 could reach the highest level since 2011. Global growth is driving the market, notes the firm.

Growing imbalance in container routes

The difference in flow between head haul and back haul routes has increased significantly in the first half of the year, and carriers now face the biggest imbalance since 2014, writes SeaIntel in a new analysis.

Hyundai Merchant lost USD 112 million in Q2

South Korea's Hyundai Merchant Marine suffered an operating deficit of USD 112 million in the second quarter. The third quarter will bring much better results, says the carrier.

Weak prospects for new South Korean partnership

The 14 carriers in a new South Korean collaboration, constituting the South Korean government's attempt to strengthen several of the country's ailing carriers, seems to have received a tepid response from participants, according to Alphaliner.

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