Container freight rates down 5%
Tariffs on the spot market averaged $3,493 per FEU. Index -6% on Shanghai-Genoa route
HMM’s yearly net profit down 90%
Its poor financial performance last year is due to weak transport demand and falling freight rates
OOCL revenue down 49% in fourth quarter
The financial results of the COSCO-controlled group are mainly attributable to shipping rates dwindling
Maersk ships fleeing the Panama Canal
The Danish carrier is relying on rail, modifying its OC1 service, to overcome canal transit restrictions
Red Sea, freight rates up short-term
According to Sea Int. the situation will be back to normal after the Chinese New Year celebrations
CMA CGM, new Panama surcharges
The carrier is charging $150 more per TEU on the Canal route due to draft restrictions.
Far East-Europe has the largest ships
However, the size of vessels on this trade lane has increased by just 6% in 5 years, to 15,000 TEUs
Ignazio Messina, full-container ships
The company took delivery of the 'Northern Promotion', renamed 'Jolly Argento', in Busan today
MSC orders ten more dual-fuel LNG ships
MSC has been back to the Chinese Zhoushan Changhong shipyard for ten 10,300 TEU vessels