News on Asia.

Fuel trade almost halved in Asia in 2020

Covid-19, new sulfur requirements, lower exports to China and the collapse of commodity trader Hin Leong Trading in Singapore made bunker oil trade volumes drop 46 percent in 2020 compared to 2019, writes Reuters.

Asia sees surge in piracy and crime at sea

Despite the coronavirus pandemic, piracy and crime off the coasts of Asia have increased this year, reports Reuters citing a new report. The coastal regions south of the Philippines are particularly hit hard.

Container ship sizes increase on main tradelanes

Big container ships are starting to replace smaller container ships on the routes between Asia-Europe and Asia-North America. MSC's new 23,700-teu vessels are just the most recent example of a development that will continue, writes Alphaliner.

Container rates increase again

Container index SCFI increased again after sliding last week. The increase happens despite a setback on routes between the Far East and Europe.

Maersk VP denies new route plan is a cost-cutting exercise

Maersk Line is increasing the number of its ships and reducing port calls on the container routes between Asia and Europe. The new plan will ensure improved punctuality and is not merely a cut-cutting exercise, says a Maersk Line executive

Seaintel eyes concerning signs for Asia-Europe

Nearing peak season for container shipping, there are particularly concerning signs about the important shipping route, writes Seaintel, which also points out several possibilities for mitigating the situation.

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.

1 - 25 af 62 Next page

Trial banner

Latest news

See all jobs