Crew abandons Chinese feeder vessel on fire in the Red Sea
A Hong Kong-flagged feeder vessel is stranded in the Gulf of Aden after a fire ...
© Yali Shi
By Alison Koo
Yang Ming management expects oversupply concerns to ease this year as detours round the Cape of Good Hope continue.
The gap between container shipping supply and demand was 8% in 2024, and is expected to narrow to 4% in 2025, added the carrier.
CCO Kevin Lee added that, with freight rates being higher year on year and with high port handling costs, Yang Ming was optimistic about negotiating higher contract shipping rates this year.
He ...
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