Shipbroker Braemar has reported a 46% increase in its container charter market index, Boxi, as carriers scramble to deploy tonnage on the diverted Asia to Europe trades which are now navigating around the Cape of Good Hope.
China National People’s Congress (NPC) deputy Yan Keshi proposed a motion at the ongoing NPC session in Beijing to solve the country’s shortage of ro-ro vessel capacity to meet the growing demands from new-energy automobile exports.
MAN Energy Solutions and China Classification Society (CCS) signed an agreement on decarbonisation and digitalisation in the maritime industry, is scheduled to last for five years.
MSC and the Ocean Alliance lead the way on the Asia to Europe trades in terms of market share, but Alphaliner’s analysis shows a trade in flux that will necessarily change again before the end of this year.
Chemical tanker operator MOL Chemical Tankers, a subsidiary of Japanese shipping major Mitsui OSK Lines (MOL), the acquisition of all Fairfield Chemical Carriers (FCC).
Concerns over the availability of equipment in Asia and the limitations on the backhaul trades on the three major east -west routes have not materialised as expected with rates softening on both the headhaul and return legs.