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Moody's: Maersk hit hardest by coronavirus

Among the three major European container lines covered by credit rating agency Moody's, Maersk is hit the hardest by the coronavirus. But CMA CGM and Hapag-Lloyd are also impacted by the outbreak, Moody's states.

Scrubbers could speed up rate war on Asia-Europe

The repayment time for a scrubber currently stands at one year. This means that shipping companies with scrubbers installed face two options. One of these could create the basis for a rate war on Asia-Europe in 2021, projects Sea-Intelligence.

Shipping lines starting to reopen offices in China

Several shipping lines have reopened offices in China, which have been closed due to the coronavirus outbreak. Others are working toward a return to normal operations. The death count of the virus has gone down for the first time, and China hopes to see the end of the outbreak in April.

More than a fifth of containers arrive late

The good news for container majors is that they have become better at arriving on time. The bad news is that more than one in five containers still arrive late, according to new figures on the full year 2019.

ONE preparing an expansion of its fleet of mega-ships

Japanese container carrier ONE will soon launch its strategy for the coming years, having absorbed the bulk of synergies from the merger. New mega-vessels are already on the table, ONE tells ShippingWatch in an interview.

Media: Late payments create problems for PIL

According to Lloyd's List, container shipping line PIL is behind on its bunker payments. Sources say that at least one supplier is considering arresting ships. A spokesperson form the shipping company denies financial problems.

Habben Jansen sees up to two years' market balance

The balance between supply and demand on the container market has gained a momentum that could last for the next few years, Hapag-Lloyd CEO Rolf Habben Jansen says in an interview with ShippingWatch. One factor above all will keep supply low.

IKEA: Correct data is a prerequisite for decarbonization

Data, and the correct data, is a vital piece of information if you aim to reduce a company's carbon footprint from, Global Sustainability Manager Elisabeth Munck af Rosenschöld, IKEA Transport & Logistics Services, tells ShippingWatch.

Highest container rates in five years keep Maersk afloat

Container rates have just reached the highest end-year level in five years. The level could continue into the new year, which according to Jefferies is good news for Maersk and its competitors. One of the reasons is a new billion-dollar expense, which customers now have to foot the bill for.

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