More box ships diverting to Suez Canal routes as Panama restrictions tighten
Hapag-Lloyd and Cosco have become the latest carriers to impose a Panama Canal surcharge (PCC), ...
© Vladimir Serebryanskiy
According to Splash247, Chinese shipping line Cosco is set to stretch the container shipping industry’s delicate demand-supply balance once more, with a reported order for eight 15,000 teu and eight 23,000 teu vessels. As industry executives interviewed by Splash247 suggest, it is strange timing given how tightly carriers are currently managing capacity to prop up freight rates.
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