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 ...
Kudos to our friends at Splash247 for spotting this nugget: French carrier CMA CGM is poised to ink another big box ship order, once more throwing the industry into spasms of concern about overcapacity and the possibility of plummeting freight rates. News of the order was picked up by shipbroker Braemar ACM, although it remains unconfirmed by the shipping line. The size of vessels is interesting, as they are reportedly “ideal for transpacific, Asia-Mediterranean and Asia-Middle East” trades.
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Bottlenecks and price hikes as airlines now avoid Iran airspace
Capture of MSC Aries will further drive up Indian export costs
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