Monday , 21 October 2019
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Tag Archives: Asia

Demand to outstrip new capacity this year, says brokers

Demand growth in the container sector is expected to outpace capacity expansion this year, according to Clarksons. “Together with the rapid rate of demolition, the thin order book outside the larger sizes and a likely slowdown of the ‘cascade’, this may in the medium-term lend gradual support to the earnings environment,” the British shipping broker added. Looking back at 2014, ... Read More »

Exclusive: G6 alliance cancels 36 voyages between Asia and the US West Coast

CM understands that the G6 shipping alliance has cancelled 36 sailings over nine of its 12 different trade routes between Asia and the US West Coast. The ships had been scheduled to sail between March and May but have been omitted because of “continued vessel delays caused by the US West Coast congestion situation”. Hapag-Lloyd, one of the alliance partners, told CM ... Read More »

Analysts warn of potential rate war between new alliances

In the wake of the 2M partners announcing plans for the 22 strings they plan to operate on east-west routes this winter, industry analysts have warned that the schedules from Maersk Line and Mediterranean Shipping Company (MSC), could lead to a fall in freight rates as competing alliances battle it out in key trades. Alphaliner said that the first of ... Read More »