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Latest industry related news items

Container volume at major Chinese port increased in mid-June

01/07/20

The container volume of eight major Chinese ports increased 2.5% year-on-year during the period of mid-June. The cargo throughput at major coastal ports increased 2.4%.

HMM's fleet of box ships increases, other top ocean carriers cut capacity

01/07/20

Every deep sea carrier has reduced its operated capacity this year, except South Korea's HMM, which is taking delivery of a series of the world's largest vessels.

2M Asia-Europe 'inducement' loop starts loading

01/07/20

2M partners Maersk and MSC started loading their inducement Asia-North Europe loop service in China last week, as bookings remain steady on the route.

Alliances announce more blank sailings

22/04/20

Ocean carriers have announced more blank sailings from Asia to Europe and the US, as they struggle to match capacity with falling demand.

Idle containership fleet set to hit record high of three million teu

15/04/20

Idled containership capacity is expected to reach a record high of 3m teu within weeks, in the “worst capacity crisis the industry has ever seen”, according to new data from Alphaliner.

India's main ports at a standstill as imports clog storage and exports dry up

08/04/20

India’s 21-day coronavirus lockdown has caused severe cargo congestion at key ports and container freight stations.

COVID-19 pandemic prompts carriers to make additional capacity cuts

08/04/20

In addition to capacity reductions planned earlier this year, both the 2M and THE Alliance have announced major capacity cuts in the Asia - Europe trade. These will be implemented with almost immediate effect, as carriers are confronted with a sharp decline in westbound volumes.

Carriers eye huge savings by giving Suez a miss and going the long way round

08/04/20

With shippers seeking longer transit times during coronavirus lockdowns, carriers could consider routing some Asia-North Europe headhaul voyages via the Cape of Good Hope.