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CMA CGM expects sharp decline in freight rates
The outlook for the container market looks somewhat more gloomy in the coming time, estimates French CMA CGM. However, the container shipping company still recorded growth on top and bottom lines in third quarter.
Lauritzen Bulkers criticizes new climate clause for favoring shipowners
CII: Lauritzen Bulkers opposes a new legal clause placing responsibility for the upcoming CII regulation with operators. CEO doubts the clause will be put to much use, though.
Shipping analyst: Container market is experiencing a "hard landing"
The pace of declines in rates on the container market’s Asia-Northern Europe routes has increased, the WCI index shows. Shipping analyst Lars Jensen describes this as a ”hard landing” for the market.
Media: South Korea engaged in conversations about selling parts of HMM
South Korea is talking to several potential buyers of a stake in the state’s ownership of major container liner HMM, according to a media outlet, which also names said buyers.
Nigeria wants to prosecute Danish soldiers in pirate case
Nigeria’s foreign ministry demands the possibility of prosecuting the Danish soldiers involved in the exchange of fire with alleged pirates in the Gulf of Guinea in November last year.
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