Maersk Line and MSC under the 2M alliance have suspended one of their joint transpacific services as the trade faces falling rates and the impact of a trade war between the US and China.
Maersk Line and CMA CGM have joined Mediterranean Shipping Co (MSC) in announcing an emergency bunker surcharge to combat the impact of soaring bunker prices.
As the Maersk Honam finally berths nearly two months after a serious fire on board the vessel Meditterranean Shipping Co (MSC) is charging its customers extra if they want their cargo to reach the final destination.
As container lines struggle with rising fuel prices Mediterranean Shipping Co (MSC) has announced a temporary emergency bunker surcharge.
The US has indicated that new business activity with Iran after 8 May within the wind-down period could be result penalties under secondary sanctions, and a number of major shipping companies including MSC and Maersk Tankers have stopped taking new Iran business.
The world’s second largest container line Mediterranean Shipping Co (MSC) is to invest close $1.1bn in Khalifa Port in the UAE.
Following its takeover of UASC German container line Hapag-Lloyd is putting newbuilding orders on hold for the next few years.
While the there is an inherent attraction to order megavessel newbuildings in the current financing and market environment, it is still unclear as to how they benefit the lines.
Three vessels that grounded in the Port of Durban have been refloated, including the containership MSC Ines that blocked the entrance to the port. However, port operations remain suspended.
Severe weather has wreaked havoc on the Port of Durban grounding three vessels with an MSC containership blocking the harbour entrance.