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Container vessels spend more and more days waiting off major ports

There are no signs that the congestion issues affecting major container ports near Los Angeles and Long Beach are on the verge of resolution. On a global level, the time spent in port for vessels has increased by 11 percent in the last six months, according to analyst firm.

Banks predict more upgrades from container carriers

Maersk won't be the only carrier to announce an upgrade due to a red-hot container market fueled by sky-high rates and massive demand. Others will raise their expectations as well, according to SEB Enskilda and Sydbank.

MSC aims for climate neutrality by 2050

Like competitors Maersk and CMA CGM, MSC is pursuing a strategy of achieving net zero CO2 emissions in 2050. Fuels such as LNG, methanol and ammonia are all potential candidates, while the carrier expects to increase the use of biofuels in coming years. Updated.

Maersk has most of its customers on long-term contracts

Maersk is engaging more customers on long-term contracts in a market where a lack of capacity and huge demand are pushing rates to historically high levels. The comment comes after competitor CMA CGM has decided to freeze its rates.

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