Two container lines Cosco and Maersk in particular stand to reap the fruits of the new, major free-trade agreement, the Regional Comprehensive Economic Partnership (RCEP), which was established last month.
The trade agreement, which covers a volume bigger than both the EU and NAFTA in the US, is backed up by ten ASEAN countries as well as China, South Korea, Japan, Australia and New Zealand, and as such it holds enormous potential. A combined 30 percent of global trade is contained within it, according to Alphaliner, which has been analyzing which shipping companies hold the best cards when it comes to trade within Asia and the Pacific.
Get full access for you and your coworkers.
Start a free company trial todayAlready a member? Log in.
More from ShippingWatch
DSV Panalpina says market normalization could easily drag out to 2023
The freight market is so tense that it takes very little for it to worsen. DSV Panalpina CFO Jens Lund estimates that a market normalization may not occur until 2023. "Should another Yantian situation occur, it's all up in the air again," he tells ShippingWatch.
New Pacific Basin CEO presents strategy in first public appearance
Martin Fruergaard has presented his key strategy in his first public appearance as the new CEO of Hong Kong-based Pacific Basin. The dry bulk operator has posted unusually strong half-year results on the back of a market upturn that by all appearances has only just begun.
Norway has signed the Paris deal, yet drilling on the Norwegian shelf is not slowing down
Activity on the Norwegian continental shelf has been high in the first half of 2021, and several development projects are on the cards, says the Norwegian Petroleum Directorate.
DSV Panalpina upgrades expectations for the full year 2021
DSV Panalpina raises its expectations for the entire year after a second quarter where the overheated market for sea freight in particular helped push up the revenue.
Finnlines sees gains despite Covid-19 restrictions
Ferry and RoRo operator Finnlines saw growth in several areas in the second quarter of the years although the Covid-19 continues to put pressure on the passenger business. Larger cargo volumes helped boost the revenue.
Global Key Account Manager - Starboard 
Junior LNG Analyst - London 
Vessel Manager in TORM 
Payroll Specialist to new crewing organisation in offshore wind - Cadeler 
Dry Cargo Brokers for Simpson Spence Young - Bidsted, Copenhagen