Liners unveil Asia-Europe FAK price hikes to arrest steady rate decline
Container shipping lines are looking for a hike in Asia-Europe spot freight rates, announcing a ...
The arrival of CMA CGM’s 18,000 teu Benjamin Franklin was heralded as a step-change for US container supply chains, marking the beginning of the deployment of ultra-large container vessels (ULCVs) on the transpacific trades, calling at US west coast ports that were previously thought to unable to handle them. The actual maiden call was at APM Terminals’ Pier 400 facility in Los Angeles, and took place last Boxing Day, and involved weeks of planning from terminal management, the carrier and the labour. The service subsequently moved to the nearby COSCO terminal but brought with it the threat of pushing down freight rates. Just six weeks later and the French carrier now appears to have pulled the vessel and five sister ships from the service altogether.
MSC Aries now bound for Iran, and crisis will be 'a catalyst for higher rates'
Urgent call for breakdown of cargo onboard as General Average declared on Dali
Hong Kong drops out of world's top 10 busiest container ports
Iranian troops seize MSC box ship while Somali pirates net $5m ransom for bulker
Flexport is 'back on track' – now it needs to start growing again
Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
Iran may now pose a threat to multimodal supply chains via Dubai
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article