MSC bets on Asia-Mexico trade
It has launched a new service between South China and Lazaro Cardenas and Manzanillo
Port congestion getting worse
At its worst ever in 18 months according to Linerlyitica. Things are rough in German ports too
Business is booming for CIMC
The world's leading container manufacturer has closed Q1 with record sales of 494,000 TEUs
Asian ports struggling with congestion
Vessels being rerouted to the Cape of Good Hope has led to new inefficiencies in the supply chain
Asia-Europe, +10% capacity needed
Despite +1.4 mln TEUS this year, the 3 mega alliances still need 36 more ships for the Asia-Europe trade
Container spot rates back up again
Tariffs up 1% compared to last week. Shanghai-Genoa freight rates have increased by 3%, to $3717/ FEU
MSC still leading reefer carrier
With 815 boxships & 583,700 plugs, the liner has the top refrigerated container shipping capacity
Hong Kong port less interconnected
For Sea Int, shipping companies are opting for a progressively smaller number of large hubs
Container rates down 3% this week
Shanghai-Genoa freight rates have dropped 2%, to $3806 per 40-foot box on the spot market