News on Asia.

Maersk and MSC behind biggest vessels on Asia-Europe

CMA CGM.jpg Container:

The container sector's main tradelane from Asia to North Europe is being serviced by ever-larger vessels. The 2M alliance with Maersk Line and MSC is at the forefront of this trend in which the biggest container vessels are deployed on Asia-Europe, forcing the already large vessels down onto the smaller trades, notes SeaIntel.

Maersk Line: 2017 off to a good start

Robbert van Trooijen.jpg Container:

2017 has already been hailed by Maersk Line and several of its biggest competitors as the year in which the miserable results from last year will be replaced by a de-facto turnaround. Things have developed positively so far, Maersk Line's head of Asia and the Pacific tells ShippingWatch.

Asian ports have less work to do

busan.jpg Ports:

Asian ports have less work to do. South Korea's ports handled 1.2 percent fewer goods relative to the same period last year, while year-on-year growth rates in China's largest ports declined by 4.2 percent to 1.4 percent.

New route boosts Maersk Line in Asia

Robbert van Trooijen.jpg Container:

Maersk’s container business in Asia has picked up market shares thanks to, among other elements, the launch of a new direct route to the Gulf of Mexico. In the current market, it is extremely important to keep one's eyes open for small pockets that hold opportunities, Maersk Line's new Head of Asia tells ShippingWatch.

Alphaliner: French-Chinese alliance threatens 2M

cmacgm2.jpg Container:

Eight container carriers, which are financially vulnerable and several of which are facing acute liquidity issues, could be left behind if a new French-Chinese container alliance manages to change the entire scenario in the container sector and to challenge Maersk Line and MSC, notes Alphaliner.

UASC projects full-year deficit for 2015

UASC Malik al Ashtar+Ain Snan Container:

Following Maersk Line's massive downgrade of its full-year 2015 forecast, the carrier's biggest global competitors are now following suit. One of the most expansive carrier's right now, United Arab Shipping Company, tells ShippingWatch that its bottom line is certain to finish in the red.

Asia-Europe rates skyrocket

UASC container ship Container:

Announced price hikes from Maersk Line and its rivals on major shipping routes between Asia and Europe have found their way into rates on these routes, which have increased by a staggering 327 percent in the last week.

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