Op-Ed: China Headed for a Major Recession
The risk of China spiralling into an unprecedentedly prolonged recession is increasing. Its economy is experiencing deflation, with the price level falling for a second consecutive
Somali pirates return to the seas
Shipping has been warned that Somali pirates are back hunting for targets. British maritime security consultants Ambrey has issued a notice to clients detailing a suspected pirate
Trans-Pacific capacity dips amid alliance reshuffle—impact on rates?
Those importing from Asia, China in particular, will see a dip in capacity from carriers here in February, according to maritime intelligence company eeSea. Blame is falling on car
Hapag’s preliminary results highlight boxship financial strength in 2024
Hapag-Lloyd released preliminary financial results for 2024 coming in at the top of the profitability forecasts the company had already revised upward in October 2024. As the first
China debuts express container route to Germany
The first containership in a new express service between China’s Ningbo port and Germany arrived at the terminal in Wilhelmshaven as part of an effort to build China’s maritime
Global liner alliances scale back
Midnight tonight sees liner shipping go through its largest reshuffle in a decade as companies jump ship from existing alliances on the main east-west trades. THE Alliance will bec
Alliance reshuffle to worsen box ship shortage as carriers seek ‘buffers’
Forget being the Year of the Snake, 2025 will be “the year of the first major alliance-free carrier”. The combined capacity of the liners controlling more than 1% of the global
Maersk and MSC spark freight rate war on Asia-Europe trades
Deepsea container carriers, led by Maersk and MSC, have started cutting Asia-Europe rates in the hope of filling their ships during the usual post-Chinese New Year lull. On Friday,
Cape of Good Hope detours to continue until August
The impending network changes made by the big container lines look set to ensure continuation of services around the Cape of Good Hope until the latter half of 2025. CEO and partne
Panama Canal transit surcharges for new year carriers unveil
Two major carriers have announced new Panama Canal surcharges on Asia-US east coast transits in response to the canal authority implementing a new booking system to “optimise tra
