The freight rates between Europe and Asia have gone down by 40 percent since May, and in spite of a total market share of 46 percent, the three biggest shipping companies, Maersk Line, MSC, and CMA CGM, have not been able to maintain price discipline, writes Alphaliner on Tuesday in its weekly newsletter, which paints a new and bleak picture of the market conditions for the world’s 19 leading shipping companies.
Following four successful rate increases in the period from December 2011 to May 2012, there have been three failed attempts since June, and the fight for market shares is brutal, even though two shipping companies have fallen off the wagon in the past 12 months.
Already a subscriber? Log in.
Read the whole article
Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
- Access all locked articles
- Receive our daily newsletters
- Access our app
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Italy keeps MSC and Lufthansa waiting regarding decision on airline privatization
MSC and Lufthansa are eagerly awaiting Italy’s departing government’s decision on the privatization of airline company ITA, which is supposed to arrive within few days.
Celsius Shipping slows a bit down after record year in 2021
Last year was the busiest to date for Celsius Shipping. Purchase and sale of ships have occurred at a slower pace this year, but Chairman Jeppe Jensen still deems 2022 a year with ”good activity.”
HHLA advances despite chaotic market
Port company Hamburger Hafen und Logistik has seen much progress this past half year despite ”major operational challenges” on a volatile market.
Borr Drilling seeks capital in the US
Tor Olav Trøim’s Borr Drilling searches for capital in the US and plans to issue shares on the New York Stock Exchange, a company statement reveals.
Persistent Svitzer spat set to end in Australian labor court
Maersk-owned carrier Svitzer and three Australian labor unions have been negotiating new work conditions for years, until the tugboat operator asked Australia’s Fair Work Commission to end the dispute.
Assistant Fleet Superintendent 
A lawyer (chief consultant) is wanted for People & Culture 
Head of Airfreight 
Bunker Trader - Copenhagen 
Operations Controller – Weco Tankers 
Logistics coordinator with responsibility for our shipping activities 
Experienced Bunker Trader - Tønsberg/Oslo 
Adm. Director of Svendborg District Heating 
Operations Manager for B-Gas A/S in Copenhagen 
Senior Associate – Group Strategy Office 
Legal secretary for Shipping / Offshore / Transportation