Underlying vessel operating cost inflation accelerated moderately in 2019 on higher repair & maintenance and insurance spend
With fleet growth of 3.7%, compared to global container shipping demand growth of only 1%, even blanked sailings have been unable to lift freight rates.
ESC says current proposal by EC to prolong BER ignores customers’ concerns and has no data supporting the decision – and leaves many items unclear.
Port officials say growth can continue by making roadways more efficient and accommodating larger ships.
The U.S.-China trade war is prompting manufacturers to leave China for lower-tariff climes, not least in southeast Asia.
Freight rates and volumes have been underwhelming during this year’s peak season. Carriers’ positive earnings were based more on lower fuel costs that higher earnings
The Baltic Exchange’s main sea freight index rose to its highest level in three-weeks on Thursday.
“What is it about the global shipping lines that warrants this form of exceptional treatment under competition law?” asks group representing manufacturers and retailers.
World Container Index Down 20% on Year
Reversal of trend since summer 2018 of downwards pressure on long-term contracted prices, at least temporarily, with marginal increases across the board this month.
Cathay Pacific and Hong Kong Airlines are both facing pressure, with the latter facing the prospect of being wound up by authorities.
Automatic onboard recording device users can expect no leniency after Dec. 16.
Capacity tightens into the holidays, but how long will it last?