Zim's charter parties and the bunfight to come
…when freight rates go bananas
That’s right – Cosco is set to increase its fleet of 19,000 teu container vessels after signing an order yesterday with Chinese shipyards owned by its parent company for 11 of the beasts due for delivery in 2018. Analysts say the rationale behind the order is to cut operating costs, although critics will argue that further capacity additions to the Europe-Asia trade – the only lane that these vessels would currently be able to operate – will more than likely lead to depressed rates. Who knows? 2018 remains some time away.
Increasing scrutiny could stall rise of ecommerce platforms, as TikTok faces US ban
FAK rate hikes holding, with strong demand into peak season predicted
DSV could face $16m bill after helicopter is written off in haulage accident
Déjà vu as major ocean carriers scramble for tonnage and containers
Trade growth getting stronger, but ocean freight rates stay flattish
Rising costs of port congestion force surcharge by Asian feeder operators
Global airfreight volumes blooming as flower shipments take off
Comment on this article