News

Latest industry related news items

Coronavirus Pandemic Sets Off a New Wave of Blank Sailings

01/04/20

Just as the number of blank sailings out of China by container carriers started to subside, the industry is bracing for another surge on the Asia-Europe trade as the coronavirus pandemic spreads to Europe.

Chinese ports lose 10.1% of their volumes in last two months

01/04/20

Total container volumes handled at Chinese coastal ports dropped by 10.1% in the first two months of 2020 compared to the same period in 2019, with full year volumes expected to register negative growth rates for only the second time since 1970.

Maersk and MSC re-deliver more than 100,000 teus of capacity to HMM

25/03/20

The fleet capacity of HMM has started to increase this month with some 100,000 TEUs of chartered-out tonnage returned to the carrier concurrently to the expiry on 31 March of the ‘2M + HMM’ agreement on the East-West trades.

OOCL Orders Five 23,000 TEU Giants in China

18/03/20

Hong Kong-based container shipping and logistics service company Orient Overseas Container Line Limited (OOCL) has ordered five 23,000 TEU boxships at COSCO Shipping yards in China.

Fleet of inactive containerships hits new high

18/03/20

The inactive containership fleet has once again hit a record high, with 402 ships for 2.46 Mteus without employment as at 2 March 2020, surpassing the record of 2.04 Mteus that was registered just two weeks earlier.

Equipment shortages hit US and European shippers

18/03/20

A large number of blanked sailings has left containers stacked up in China, where businesses want to be ready to catch the rebound. Now shippers are struggling to find empties for backhaul exports

Eastbound - Historic capacity crunch looms as more Europe-Asia sailings are blanked

11/03/20

Freight forwarders sending goods out of Europe to Asia face one of the tightest capacity crunches in living memory over the next few weeks.

FECL HONG KONG CONFERENCE - POSTPONEMENT TO 2021

06/03/20

The Far East Cargo Line Conference has been postponed until Chinese New Year 2021