Yang Ming has managed to beat the market on the trans-Pacific eastbound in the first quarter as the troubled carrier tries to restore shipper confidence following its recent share trading suspension.
There is not yet any resolution to the Shanghai congestion, but vessel berthing delays are showing a slight improvement.
Spot rates in eastbound Pacific basically flat last week.
The upside is that spot freight rates likely will stabilize.
Given the nexus of polar opposites along the technology spectrum, the outcome is uncertain at best.
Growth in car carrier ship capacity is balanced by uneven demand for vehicles and high-and-heavy cargoes.
Rising cargo volumes deliver increasing profits despite the fragile economic situation in the European market.
For the first time, Savannah has more weekly trans-Pacific alliance services than the Port of New York and New Jersey.
Eimskip continues acquisition spree with container seller-lessor share.
Shipper concerns over the financial viability of the carriers they use has heightened after Hanjn Shipping collapsed last year.