Vessel redirects – in the name of profit rather than the planet
The Cape of Good Hope dilemma
There are simply too many ships operating – it is the core reason why the shipping lines and shipowners are bleeding cash. The easy answer is to scrap as many of the older and more inefficient vessels as possible and bring supply back in line with today’s tempered levels of demand, but with Chinese yards continuing to build ships at prolific rates that is a distant prospect. And it is likely to be rendered even more unlikely by new European regulations governing ship scrapping – or recycling as shipowners are wont to call it – that will preclude European shipowners from selling their vessels to Bangladeshi and Indian breakers. That said, this splendid report from Chittagong explores the terrible conditions suffered by those working on Bangladesh’s beaches, and is accompanied by a fantastic photo gallery.
Ocean rates ex-Asia under pressure, while PSSs return to the transatlantic
Maersk 'takes a risk' binning historic and well-liked brands
Capacity control by the biggest carriers will prevent rates tumbling further
Shipper sues Expeditors for losses due to lack of business plan after cyber-attack
Bullish MSC continues to strengthen its fleet for life after the 2M
DHL leads freighter exodus from MEX as government ban looms
More blank sailings and detours as ONE’s volumes, earnings, fall
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