'Toxic' boxes taken off Maersk-chartered ships for return to origin
More than 100 containers onboard two Maersk-chartered ships will be offloaded in Singapore and returned ...
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
AMZN: APPEAL UPDATEDSV: PRESSURE BUILDS AAPL: OPENAI FUNDING INTERESTCHRW: ANOTHER INSIDER CASHES INHLAG: GRI DISCLOSUREMAERSK: HOVERING AROUND FOUR-MONTH LOWSTSLA: CHINA COMPETITIONDHL: BOLT-ON DEAL TALKAMZN: NEW ZEALAND PROJECTDHL: SURCHARGE RISKKNIN: LEGAL RISKF: 'DEI' HURDLESPLD: RATING UPDATEXOM: DISPOSALS
The weakness of the Asia-Europe trade is being felt in Singapore, where container turnover fell, for the first time since 2009, to a four-year low. Throughput fell 8.7% last year over the previous year as shipping alliances impacted volumes and routes, as well as direct sailings, due to cheaper fuel prices, making Sinagpore a less attractive hub. It being Singapore, however, don’t expect it to sit around and wait for volumes to return. The proactive country is offering concessions and deals to get its traffic back.
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