Spot rates on transpacific surge after news of tariff time-out
Container freight spot rates shot up on the transpacific trades this week, with an immediate ...
The ‘jumbo-isation’ of containerships is back in fashion, with MSC and CMA CGM reportedly planning to upgrade 21 14,000 teu vessels to ultra-large container vessels (ULCVs) of 17,000 teu nominal capacity.
According to Alphaliner, the conversions will take place at Chinese shipyard Qingdao Beihai Shipbuilding Heavy Industry (BSIC), which has already won firm orders to upgrade nine MSC ships, with another two subject to negotiation.
BSIC has also reportedly signed with CMA CGM to lengthen five of the French carrier’s 13,800 teu vessels, ...
European port congestion now at five-to-six days, and getting worse
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