The soaring rates in container transport could last until the spring of 2022, concludes Sea-Intelligence, citing two historical trends. Rates to the US could increase by an additional 25 percent.
"Service is not free of charge, it has a price," says CMA CGM chief executive Rodolphe Saadé on the same day that the container liners' reliability reaches an all-time low. Hapag-Lloyd presents a new guarantee to shippers.
Container line CMA CGM will in October take delivery of the first of a total six new LNG-powered ships, which will service the route between China and Los Angeles. CMA CGM will by 2022 have 32 LNG-powered ships in its fleet of 538 ships.
Eimskip has gone through extensive cutbacks, which, among other things, have created savings totaling millions of euros on employee wages. 2020 has been a demanding year, in which the partnership with Royal Arctic Line was finally launched.
2020 was a true roller coaster ride for MPC Container Ships, in which a crisis plan in the summer was replaced by record-high rates later in the year. The boom has continued into 2021, and the shipowner projects a six-fold increase in earnings this year.
It is up to the member states themselves to come up with a long-term solution to ensure that migrants do not end up stranded on board merchant vessels, but the Commission is working to create a contact group to help with the work.
Maersk proposes a new member for its board of directors, who has a background at energy company Iberdrola and IT major IBM. The general assembly at which the decision will be made is scheduled for March.
Maersk currently has the smallest orderbook of the world's top ten container lines. Meanwhile, Maersk has no new mega vessels on order, which, according to Alphaliner, indicates that shipping line has changed its strategy in terms of ordering newbuilds.
Arne Blystad's Songa Container expects to benefit from a strong container market in the coming months, where several ship contracts need to be renewed. Altogether the company booked a deficit in 2020.
US retail trade stockpiles are very low and if retail sales following the coronavirus pandemic follow normal a development pattern, it could mean continued import growth in the container market for the rest of the year, reports Sea-Intelligence.
Logistics major Kuehne + Nagel buys Asian logistics company Apex International, which has a revenue in the billions and 1,600 employees. According to Kuehne + Nagel, this marks the group's biggest acquisition ever.
Hapag-Lloyd CEO Rolf Habben Jansen now believes that the red-hot container market could stretch all the way into the third quarter. The problems resulting from this make the German container line and Maersk adjust their strategies in an effort to avoid equipment shortages going forward.
Container ship Maersk Eindhoven lost 260 containers in the Pacific on Wednesday, Maersk now informs ShippingWatch.
The FMC steps up the heat on ocean liners and the terminals some of them operate in an effort to smooth the disrupted flow of containers that is currently causing port congestion and wreaking havoc on already strained supply chains.
In a rather unusual move in the logistics sector, DHL Global Forwarding says it is prepared to pay an extra green bill when customers transport general cargo at sea. The logistics company describes it as a game changer when speaking to ShippingWatch.
Port of Los Angeles on the US West Coast plans to divert container ships to other ports in an effort to get control of the congestion problems that currently cause bottlenecks for both containers and ships, report several media.
A Maersk ship has lost a number of containers in the Pacific, after the ship encountered engine problems due to harsh weather. This marks the second time in a few weeks that containers go overboard on a Maersk ship in the Pacific. Alliance partner says the incident concerns "several hundred containers."
Maersk's first carbon neutral container ship, which will sail on green methanol, can make transport "significantly more expensive." But Maersk believes that there is a group of customers who are willing to pay the price, says the company's head of climate, Morten Bo Christiansen, in an interview with ShippingWatch.
Five out of six of the world's largest ports are now Chinese, after a 2020 that helped cement the country's port dominance. Overall, the development was flat among the world's 25 largest ports, shows a new analysis.
There is no doubt that shipping will soon become part of the EU's Emission Trading System. But there are many issues that need to be resolved, says Maersk CEO Søren Skou. "The most important thing for us is a level playing field."
A.P. Moeller-Maersk sets its sights on 2023, when the shipping company now plans to operate a carbon neutral container ship of 2,000 teu. The ship will sail on green methanol.
German container line Hapag-Lloyd expects to see a significant improvement in earnings in the first three months of the year. The 2021 results are expected to be "significantly higher" than in previous years.
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.
The 15 crew members kidnapped from container ship MV Mozart in the Gulf of Guinea off West Africa on Jan. 23 have now been release, informs Borealis Maritime in an email to ShippingWatch. One seafarer died during the violent attack.
Seaspan has placed an order for ten container newbuilds capable of sailing on LNG, which will be chartered to Zim when delivered. The order is placed only shortly after Seaspan entered another contract for two mega vessels.
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