Transpacific

If there was an award for the most unexpected turnaround in shipping in 2020 it would surely go to the container shipping sector.

Container freight rates are continuing to rise on capacity and availability crunch with SCFI spot rates to Europe up over 24% in the last week.

The container shortage is not just affecting Asia ports, but also inland exporters in the US and in a number of European countries.

Hapag-Lloyd has joined Maersk in upping its 2020 earnings forecast as the container shipping market performs far better than expected.

The boxship ONE Apus which suffered the loss or damage of over 1,800 containers in a severe storm in the Pacific is headed to the Port of Kobe, Japan

AP Moller-Maersk has delivered a respectable third quarter results with improved profitability across its business, despite the Covid-19 pandemic having a negative impact on the global economy.

With increasing demand for fruits in China, Mediterranean Shipping Company (MSC) will introduce an express service for cherry and fresh fruit cargo from Chile to Asia.