Resumption of Suez transits in doubt after return of Red Sea hostilities
Hope for a resumption of Suez Canal transits by container lines were dented over the ...
© Eq Roy
By Mike Wackett
Ocean carriers are scrambling to cut costs as the demand for liner services continues to plummet, and the off-hiring of chartered tonnage is top of their agenda.
Hapag-Lloyd chief executive Rolf Habben Jansen said yesterday that the carrier would return a further “small double-digit number” of ships from the 129 it has on time charters.
Representing 40% of its fleet capacity, Hapag-Lloyd’s chartered fleet is relatively low compared with that of several of its carrier peers.
MSC has some 75% of its 556-ship ...
Comment on this article
Randy
May 09, 2020 at 2:54 pmHuge problems caused by the Covid virus. Warehouses around the world are filling up and running out of space. We need to find a way to get goods out of warehouses and in to stores. Hopefully things will be back to normal in the next few months. Service companies that supply labor to warehouses are struggling to supply labor as well.