Purchase of Panama railway 'a significant opportunity' for ambitious APMT
Maersk’s port arm, APM Terminals, has bought the Panama Canal Railway Company (PCRC), which runs ...
Maersk is leading the way in laying-up surplus tonnage while demand remains weak across the main east-west tradelanes, but the carrier could leave itself exposed to aggressive market share grabs by rivals.
According to an Alphaliner survey, Maersk tops the ocean carrier idle tonnage rankings, with 29 ships with a capacity of 281,400 teu, in lay-up, including 17 of more than 7,500 teu.
Maersk is followed by its 2M partner, MSC, which has 13 vessels idled with a capacity of 119,000 teu, ...
Trump tariffs see hundreds of cancelled container bookings a day from Asia
'Disastrous' DSV-Schenker merger would 'disrupt European haulage market'
'To ship or not to ship', the question for US importers amid tariff uncertainty
'Chaos after chaos' coming from de minimis changes and more tariffs
List of blanked transpac sailings grows as trade war heats up and demand cools
EC approves DSV takeover of DB Schenker
Shippers in Asia restart ocean shipment bookings – but not from China
Forto 'sharpens commercial priorities' as it lays off one-third of staff
India withdraws access for Bangladesh transhipments, in 'very harmful' decision
'Tariff hell' leaves industries in limbo – 'not a great environment to plan'
IndiGo fleet expansion plan will include a major push to boost cargo volumes
Pre-tariff rush of goods from US to China sees air rates soar, but not for long
De minimis-induced ecommerce demand slump could cripple freighter operators
'Restoring America's maritime dominance' – stop laughing at the back of the class
Hapag 'took the bigger risk' when it signed up to Gemini, says Maersk
Navigating tariffs: 'like trying to solve a Rubik's cube while colour-blind'
Comment on this article
Rajeev Kathuria
March 22, 2023 at 2:06 pmIt would be idle that instead of weekly sailing ,they make 10 days sailing & do Slow Steaming to counter this sluggish demand