Things are not looking very pretty for container shipping right now as overcapacity again takes its toll on the market. We have seen a slew of loss making announcements for the first quarter of the year including Hapag-Lloyd, Evergreen, Yang Ming...
The container shipping industry needs to get used to a new normal of higher energy prices, lower capacity utilisation rates and a lower rate of growth going forward, according to speakers at the first session of the Sea Asia 2013 conference...
Tokyo: Members of trade organisation G6 alliance have announced the port rotations of their new Trans-Pacific trade service, which is due to commence in May.
Singapore: Global container shipping volumes are expected to grow by 5% in 2013 over the previous year, supported mainly by active trades in intra-Asia and the growing export markets of Latin America, said Kenneth Glenn, president of APL.