Maersk Line is assessing whether the Vietnamese terminal at Cai Mep can be added to a regular Asia-North Europe schedule in the 2M Alliance.
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Spot rates on the Shanghai-Europe trade have fallen for the seventh straight week.
China reports solid January export growth to its biggest trading partners.
Even though container volumes grew 4 percent in the fourth quarter of 2016, this did not lead to a corresponding increase in demand for container ships.
Signs of a container shortage are emerging with leasing companies reluctant to place orders for new containers until they get their Hanjin leased boxes back, and up to 40 percent of those units have...
Maersk Line and MSC have expanded their Asia-North Europe and trans-Pacific services to accommodate the volumes from a slot deal signed with HMM and Hamburg Süd.
It has been 10 weeks since spot rates on the China-Europe trade fell sharply as demand continues to fall off in the post-Lunar New Year slump.
Maersk Line managed to grab market share from its competitors during the brutal rate war of 2016, which could be useful as the carrier prepares to compete against the two new alliances from April 1.
After posting a $376 million annual loss, Maersk Line believes rising freight rates in 2017 will have a dramatic effect on its profit.
A fourth quarter growth in volumes and revenue could make a tough year a little less painful for the world's market leading liner shipping company.
The new Indian import services tax on prepaid freight shipments is creating problems and needs clarification, FIATA says.
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