20/05/2021at 10:05

MPC Container Ships expects the strong container market to last up to three years

MPC Container Ships is riding "one of the strongest container markets in history" and books growth across the business in the first quarter. Good market fundamentals "provide an encouraging picture for the coming two to three years," writes the shipowner.

Constantin Baack, CEO, MPC Container Ships | Photo: PR-FOTO

by DANIEL LOGAN

MPC Container Ships exits the first quarter of the year with improvements across the board in a container market that is showing no signs of slowing down any time soon.

Already a subscriber?Log in here

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.

With your free trial you get:

Access all locked articles
Receive our daily newsletters
Access our app

Get full access for you and your coworkers

Start a free company trial today

MPC executive says "boiling hot" container market will last for at least another two years
For subscribers
MPC Container Ships raises expectations for 2021
For subscribers
Decade-high rates make MPC Container Ships project six-fold increase in earnings this year
For subscribers

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

Front page now

A new political intervention against low pay on ferries on the English Channel could inspire other countries to instate their own demands to carriers, says Danish Shipping. | Foto: John Sibley/Reuters/Ritzau Scanpix

Regulation

Shipowners fear wide-ranging consequences of law against low wages

Danish Shipping and ECSA both worry about the tendency of local demands to carriers. DFDS agrees cautiously but is happy to see British intervention.

For subscribers

Vincent Clerc (left), CEO of Maersk, and Chairman Robert Mærsk Uggla during Maersk's digital general assembly. | Foto: Pr-foto

Offshore

Clerc considered other solutions than selling Maersk Supply Service to main shareholder

For subscribers

The vessel Monjasa Reformer was attacked by pirates in the Gulf of Guinea on Saturday. | Foto: Monjasa

Tanker

Danish Shipping wants greater focus on piracy after new attack on ship

For subscribers

Container

Major shareholder got his new Maersk board in place despite criticism

For subscribers

Foto: Federico Gambarini/AP/Ritzau Scanpix

Container

South Korea hires advisors for divestment of HMM

For subscribers

The capesize vessel Nord-Energy which Norden sold in 2016 to Belgian Bocimar at a reported loss of USD 14.8 million.

Bulk

Norden to resume sailing the biggest bulkers

For subscribers

Major shareholder got his new Maersk board in place despite criticism

Former CEO of Adidas Kasper Rørsted was elected for Maersk’s board despite criticism of an ”error” on his resumé. Chair Robert Mærsk Uggla is certain of the decision.

For subscribers

Regulation

Shipowners fear wide-ranging consequences of law against low wages

Danish Shipping and ECSA both worry about the tendency of local demands to carriers. DFDS agrees cautiously but is happy to see British intervention.

For subscribers

Offshore

Clerc considered other solutions than selling Maersk Supply Service to main shareholder

Maersk Chair Robert Mærsk Uggla confirms that he was not involved in Maersk’s divestment of Maersk Supply Service to the Maersk family’s holding company, A.P. Moller Holding.

For subscribers