The global shipping market still has “a way to go” before it can claim a well-grounded recovery even though supply growth is in check and trade growth is positive, according to a half-year report by Clarksons Research.
Container carrier APL will launch a new America Central America Caribbean (ACC) service connecting US East Coast to the Dominican Republic.
The container market is facing “a series of existential fears” that could dent shipping demand in the future, according to Drewry, prompting the consultant to downgrade its growth forecast.
Yang Ming Marine Transportation Corp has announced a reorganisation of its Asian service network in view of the “rising global trade tensions”.
The ongoing China-US trade war has hit container volumes from China to the US, with China containerised exports to US ports dropping by 6.5% in the first five months of 2019 compared to the previous corresponding period, according to data by Alphaliner.
Container carrier APL announced that its fleet has achieved a 47.4% reduction in carbon dioxide (CO2) emissions per container transported per kilometre in 2018, compared to its base level in 2009.