Transpacific sees first major MSC blanks as rates fall and volumes falter
Following nine weeks of consecutive declines in spot freight rates on the transpacific, carriers are ...
French mainline operator CMA CGM has ordered more new vessels, putting pen to paper for eight 9,200 teu methanol-propelled containerships at Shanghai Waigaoqiao Shipbuilding (SWS) in China.
SWS’s immediate parent, China CSSC Holdings, said in a Shanghai Stock Exchange filing yesterday “a European customer” had commissioned the newbuildings for $1bn for delivery in 2027.
Ships of this size are likely to be assigned to mid-haul lanes, such as the Far East-Persian Gulf route. They will be the first methanol-fuelled vessels, and the biggest ...
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