The low bunker prices are seen by most carriers as a gain, visible on the bottom line. But this is not necessarily the case for the already fiercely competitive intra-Asian market for container traffic.
According to Maersk's intra-Asian feeder carrier MCC, the low bunker price has led to local carriers launching a plethora of new services as a result of the cheap fuel.
Already a subscriber? Log in.
Read the whole article
Get 14 days free access.
No credit card required.
Get full access for you and your coworkers.
Start a free company trial todayMore from ShippingWatch
Ikea, Amazon, Unilever commit to zero-emission ocean freight by 2040
Major companies such as Ikea, Amazon, Unilever and Michelin are committing to a full transition of their ocean transport to zero-emission fuels by 2040. Maersk CEO Søren Skou welcomes the announcement. NGOs are excited but remain critical.
Extreme container rates can push shippers into bankruptcy
Extreme container freight rates might lead to a string of bankruptcies for companies without transport deals, says shipping analyst Lars Jensen in an analysis to Shippingwatch. Particularly smaller fashion brands are under pressure, according to trade organization.
DCSA: Customers' lack of focus delays digitization of container market
Container carriers' customers are currently so fixated on capacity shortages that they have less time to enter projects aimed at creating common digital standards in the industry. "We'll have to wait for them to be ready again," DCSA CEO Thomas Bagge tells ShippingWatch.
87 vessels scrapped at Asian beaching yards in the third quarter
Carriers in the US, Europe and South Korea continue to scrap end-of-life ships at beaching yards in Southeast Asia. The third quarter proved the most fatal on record, according to NGO Shipbreaking Platform.
Containers piling up at Port of Felixstowe
Efficiency is dropping at UK container port Felixstowe while containers are piling up, according to Vesselsvalue. Some carriers are now opting to divert their vessels away from the port.
Senior Sales Director Naval - Terma 
Shipping & Logistics Coordinator – Seafood 
Re-posting: Do you want to help set the agenda for the maritime competencies of the future? 
Senior Accountant to Finance & Accounting 
Coordinator / Marine Operator / Operations 
Chief Business Officer for Cruise 
Commercial Operations - Stena Bulk 
Operations Executive 
Legal Counsel for an international shipping company