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Suez Canal Auhority considers launching "Plan C"

After a weekend of continued attempts to refloat Ever Given, the Suez Canal Authority considers introducing new meassures named Plan C which involves the complex offloading of containers, writes media Egypt Today.

Long-term container contracts increase by upwards of 75 percent

The long-term container contracts currently being negotiated will be unusually expensive for the customers this year. Scan Global notes increases in the range of 50 to 75 percent, the logistics operator tells ShippingWatch. Others point to a doubling of price levels.

Maersk expects to earn even more money in 2021

A.P. Moeller-Maersk expects to earn even more money in 2021 than in the red-hot container market for 2020. The first quarter this year will be exceptionally strong, projects the company, after which the market is expected to normalize.

Maersk's acquisition "war chest" doubles in size to USD 20 billion

The booming container market has bolstered Maersk's coffers so much that the company now has USD 20 billion to use on acquisitions, shows an analysis a few days before Maersk publishes its 2020 annual report. But analyst doubts that Maersk will be able to achieve its earnings target for logistics before 2023.

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