OceanX: Calculating capacity; carriers in the dock; Covid concerns climb
Big is still beautiful
In contrast to the current problems afflicting ocean carriers plying Asia-Europe – plunging freight rates on the post-conference environment – China’s Ministry of Transport last week fined 21 carriers a total of $700,000 for offering rates to customers at a “lower than normal rate” on China-Japan routes. The companies allegedly “violated market conditions”, while the lower rates “negatively affecting the ocean shipping market average” and the Ministry of Transport “urged the international shipping community to keep the market fair, in order to ensure a stable and healthy development”.
Expeditors sues long-term client for unpaid $20m in row over invoices
Rate erosion may be easing, but rock-bottom prices are 'not good for anybody'
2M axes Asia-North Europe loop, as carriers shop for more tonnage
Taiwan carriers pay record staff bonuses after year of bumper profits
West coast ports suffering as US container imports plunge by 37%
Shippers put more pressure on ocean carriers for carbon-free services
Billund sees launch of Maersk Air China link – 'a start-up on steroids'
Cost-cutting FedEx Express to retire MD-11s for B767s and 777s
Dachser's M&A in air and ocean freight – how serious is that?
Atlas Air merger with Apollo group finally set to close on Friday
Asia services expanding as logistics players opt for a 'China+1' strategy
End-of-year cargo surge adds to operational challenges at JNPT
Comment on this article