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Asia-Europe

News on Asia-Europe.

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.

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.

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.

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.

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.

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.

Analysis: Korean carriers caught in container trap

The two largest Korean container carriers are increasing their exposure to the container market. But this happens at a time when the two carriers do not have the financial resources to compete for real in a tough market, notes Alphaliner.

Maersk Line in Southeast Asia: We must improve our service

Anyone can sail from one port to another, so if Maersk Line wants to maintain its market share, the Danish juggernaut must compete on more than prices. Customer service must be paramount, the company’s Asia-Pacific CEO tells ShippingWatch.

Drewry: Only half as many ships scrapped in 2015

Container carriers are scrapping significantly fewer ships in 2015 than last year, primarily due to lower scrap prices and periodical surges in demand. But scrapping does not alleviate overcapacity on the main routes anyway, writes Drewry.

ECA requirements spur carriers to accelerate newbuildings

Container carriers can avoid having to comply with the increased environmental requirements in the US and Canada from January 1st 2016, and this is why four Asian carriers in particular have already pushed the scope of newbuildings in 2015 to a seven-year high, notes Alphaliner.

Two competitors made Maersk Line change strategy

Growth rates at two major competitors, who have quickly taken over a big part of the global container market, made Maersk Line sharpen its rhetoric. The carrier 's expansion efforts will focus on one service in particular, says CEO Søren Skou.

Wave of mega-ships strains container carriers ahead of 2018

A large-scale influx of the ultra-large container ships that have already this year contributed significantly to the ongoing rate war on Asia-Europe will, according to Alphaliner, pick up with renewed strength and cause widespread consequences.

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