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Saturday, May 30, 2020
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Tag: Sea-Intelligence

Updated: Feeling for the bottom of the recession

According to the Danish consultancy Sea-Intelligence the level of blank sailings has reached a “plateau” although there are now more than 500 cancellations in...

Stable rates as lines find the right balance

Six more blanked sailings over the past week mark the stabilising of the deepsea trades with demand now broadly matching available capacity, which has...

OOCL Q1 results a boost for lines or a portent of harder times to come

Initial results for the first quarter released by OOCL could be seen as a boost to lines, which it is generally agreed have manged...

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...

Demand to slump more than 4% in 2020

Global demand will decline by more than 4% over the course of this year if normal services are restored as we head into the...

Blanked sailings rise more than 400% in a week

Over the course of the next few weeks carriers will know what kind of losses they will make over the course of the year,...

Lines slash 20% of Asia-Europe capacity

Shipping lines operating on the trades between Asia and Europe have announced 45 blank sailings within the last week with the 2M Alliance cutting...

Lines race to reposition empties as China returns to work

The impact of the Covid-19 virus on the supply is waning fast according to Sea-Intelligence’s latest Spotlight newsletter, with the race now on to...

Catching the bug, carriers fight off COVID-19 crisis

Carriers are managing to avert financial crisis by maintaining rates as capacity management and shortages of equipment are forcing shippers to fight for space...
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Levels of piracy are a function of poverty multiplied by the will to subdue it

Munro Anderson, is a partner at the security consultancy Dryad Global, which is involved in the monitoring and advising of shipping lines and local...

Ireland direct link to US starts in June

Direct services between Ireland and the US are returning with the addition of the Port of Cork to the International Container Lines (ICL) transatlantic...

Fire on Cosco boxship causes container losses off South Africa

The 2013-built container ship Cosco Sao Paulo suffered fire onboard and container losses in Cape Town outer anchorage, according to several reports. It is not...

Zhejiang Seaport orders more feeder vessels

Zhejiang Seaport Shipping Company has added to its string of newbuilding orders, with an order of four 1,000TEU feeder ships from the Singapore-listed Chinese ship...