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Latest industry related news items

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.

World’s Largest Containership to Start Sailing at the End of April

08/04/20

The delivery of 24,000 TEU containerships to South Korean shipping company HMM will not be delayed by the ongoing impact of the coronavirus pandemic on the shipbuilding industry.

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.