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Trade lane competition set to feature in 2021

Shippers should prepare themselves for greater competition between trade lanes in 2021, as global carriers capitalise on having the upper hand in upcoming contract...

KOBC ups box leasing to HMM as shortages drag into 2021

State-backed ship financing institution Korea Ocean Business Corporation (KOBC) has agreed to a third round of container leases with the country’s flagship liner operator,...

Rail comes into sharp focus with the rise in the cost of seafreight

The reallocation of freight flows between modes of transport in the first three quarters of 2020 led to an increase in the importance of...

Pandemic shrinks Latin American economies to 30-year low

Latin America’s economy has been set back almost 30 years as a consequence of the rapid contraction of economic activity resulting from the Covid-19...

Covid-19 and China demand sends ripples across global reefer trades

Demand for reefer equipment has been caused by a substantial demand increase in China where production for certain foods has crashed, causing a 40%...

US buying frenzy a contrast to European market serenity

In a typically English and understated way, one analyst thinks the US import market behaviour is “odd”, while another observer said, “we’re in unprecedented...

Covid-19 hits COSCO Ship Holdings & CIMC earnings

Domestic volumes were hit the hardest and weak demand was also a factor as COSCO Ship Holdings and China International Marine Containers both posted...

Savvy lines act to protect cash flow

Shipping lines have learned the lessons of the substantial fall in demand experienced during the financial crisis in 2008/9 and have managed capacity in...
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Asia-Europe ocean rates continue to climb on early LNY rush

Ocean rates from Asia to Europe and the Mediterranean increased last week, with prices of US$5,300/FEU to Europe approaching levels in the lead-up to...

Mainline operators still in five-year extraordinary profit cycle, thanks to Red Sea crisis

Alphaliner's report says that 2024 is on track to be the third most lucrative year in container shipping history despite the higher costs borne...

Hapag-Lloyd increases rates from Middle East & Indian Sub to North America

German ocean carrier Hapag-Lloyd has announced that a General Rate Increase (GRI)/General Rate Adjustment (GRA) will be introduced for shipments from the Indian Subcontinent...

South Korea to invest nearly US$10 billion in Busan Port

South Korea's government will invest 14 trillion won (around US$10 billion) in Busan Port upgrades through 2045, aiming to achieve the world's largest container...