Rates are on the climb in the European shortsea market. Among the reasons are the low number of newbuild orders as well as ship sales to other markets limiting supply, writes shipbroker Toepfer in a new report.
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.
The British Parliament emphatically rejected Theresa May's Brexit deal. With the UK due to leave the EU in 10 weeks, there is growing alarm that the impasse will not end in time to avoid the potential economic disaster that would be a no-deal exit.
Large national Chinese companies have bought more shares in European ports over the past ten years and now own capacity corresponding to 10 percent of all European container capacity, according to a review from OECD.
While the Chinese ports noted growth in the second quarter of 2016, ports in Europe, South Korea, and the US were hit with setbacks, according to Shanghai International Shipping Institute, which lists the ten largest ports in the world.