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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.

Maersk and MSC behind biggest vessels on Asia-Europe

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.

Drewry: Spot rates take a dive on Asia-Europa

Spot rates on the key container tradelane Asia-Europe took a big dive last week, according to a survey from Drewry. The firm expects the rates to keep sliding as there is by now more space available for shippers.

Maersk Line: 2017 off to a good start

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.

Alphaliner: Maersk Line and MSC in massive capacity buildup

The 2M alliance between MSC and Maersk Line will, starting April, increase its capacity on Asia-Europe by 25 percent, and the significant volume expansion could trigger rate disruptions, writes analyst firm Alphaliner in its latest newsletter.

Container rates soar to 20-month high

Spot rates on the 11 major East-West routes between Asia and Europe climbed to a 20-month high this week, according to Drewry's World Container Index. Further rate increases are expected in the week to come.

2M picks up Hanjin's market shares on Asia-US

International container carriers have to a large extent picked up Hanjin Shipping's market shares on the key Asia-US routes. This applies to Maersk Line and MSC's 2M alliance and Chinese Cosco, in particular, according to data from Busan Port Authority.

Ocean Alliance presents its service network

Major container collaboration Ocean Alliance announced its service network on Thursday, which includes 40 services on the key east-west trades. CMA CGM will contribute 35 percent of the alliance's capacity.

European shipyards soar on orders in 2016

Orders for European shipbuilders increased more than 45 percent in the first eight months of 2016, while Asian yards are hit hard by the lowest number of newbuilding orders in 20 years, notes Bimco.

2016 already looks horrific for the container industry

For the world's 30 largest container ports, 2016 looks set to be the worst year since the financial crisis in 2009, and growth on major services from the Far East to Europe is hovering at rock bottom, according to Alphaliner's review of recent data on the container sector.

Drewry: 2M looking to beat The Alliance on transit times

The 2M alliance between Maersk Line and MSC will now target faster transit times and reliability with changes in the partnership's Asia-North Europe network. The move looks like a response to the new major container collaboration The Alliance, notes Drewry.

Asian ports have less work to do

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.

Der er blevet mindre at lave i Asiens havne

De asiatiske havne har fået mindre at lave. Koreas havne omsatte 1,2 pct. mindre gods i forhold samme periode sidste år, imens år-til-år vækstraterne i Kinas største havne er faldet fra 4,2 pct. til 1,4 pct.

New route boosts Maersk Line in Asia

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.

Maersk Line surprises with Q1 profit

The container carrier finished the first quarter with a profit of USD 37 million. The Maersk Group as a whole delivered an underlying result of USD 214 million against USD 1.3 billion in the same period last year.

Alphaliner: French-Chinese alliance threatens 2M

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.

China to launch ECA zones with sulfur requirements

The first of three major port areas in China will become a new emission control area (ECA) starting April 1st, from which date vessels may not have sulfur emissions of more than 0.5 percent. The Chinese environmental zones could result in more scrapping, SeaIntel projects.

UASC projects full-year deficit for 2015

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

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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