Asia-Europe

The second quarter results of AP Moller – Maersk underline that while the Covid-19 pandemic has hit container volumes lines have successfully managed capacity to actually increase profitability.

HMM says container freight rates on the transpacific should remain strong in the short term but the outlook is clouded by Covid-19 and geo-political tensions.

CSP Abu Dhabi Terminal, the first overseas greenfield project of Cosco Shipping Ports Limited (CSP), has started a new direct weekly service to several ports across Europe and the Indian Subcontinent.

Global carriers have re-instated sailings on the transpacific west coast for the third quarter on optimism about peak season demand and as the impact of the coronavirus (Covid-19) pandemic eases, according to analyst Sea-Intelligence.

Container lines have started to ‘un-blank’ a small number that had been cancelled in Q2 according to analysts Sea-Intelligence.

The novel coronavirus (COVID-19) pandemic will lead to a contraction in the shipping container fleet and keep prices and lease rates under pressure in 2020, according to analyst Drewry.

The container shipping sector has now reached the peak impact of the COVID-19 in terms of blanked sailings according to analyst Sea Intelligence.