Transpacific

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.

Demand on the transpacific container shipping trade is expected to rise in the third quarter, according to analyst Sea-Intelligence.

As Covid-19 takes its toll on global economy and stagnates social activities, container shipping lines, as an inseparable part of global supply chains, are making their own contribution to supply-chain recovery.

Container shipping has announced marginal capacity reductions in the third quarter on the transpacific and Asia-Europe lanes amid continuing strengthening of spot rates, according to analyst Sea-Intelligence.

THE Alliance will continue to merge two Asia – North Europe loops in Q3, as it announces blank sailings and service suspensions across its network in July

ZIM Line is targeting the fast-growing e-commerce sector with a new, fast direct service connecting South China ports with Los Angeles.