Liners plan more rate hikes to halt renewed container spot rates decline
After last week’s hiatus, container spot freight rates on the Asia-Europe trades resumed their downward ...
South Korean carrier HMM’s latest ULCV, the HMM Algeciras, which at 23,964 teu is the world’s largest boxship, made its maiden call at Hamburg yesterday, exchanging some 13,600 teu in a single call.
The fate of the vessel remains unclear however, as it has been deployed on THE Alliance’s Asian-North Europe FE4 service, which is shortly to be merged with the FE2 string; alliance members rationalising capacity in the wake of the demand drop due to coronavirus.
However, its sister ships, the ...
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