Containership charter market feels the ripples from trade tensions
The charter market for containerships is diverging in response to the many pressures on supply ...
The G6 Alliance is to phase out troubled ocean carrier Hyundai Merchant Marine’s (HMM) ships from its joint services on the Asia-North Europe tradelane and replace them with vessels from other partners.
According to Alphaliner, the decision to drop the ships from the route is a “pre-emptive move” to avoid “potential operational disruptions” as a consequence of the South Korean company’s financial restructuring.
Although it appears increasingly unlikely that any ships would be arrested by owners – the line will shortly announce it ...
European port congestion now at five-to-six days, and getting worse
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