CMA CGM freezes bookings for Asia-Europe trade lane
CMA CGM has informed its customers that it will not accept bookings for the transport of containers from Asia to Northern Europe for the time being. It is the latest development in an unprecedented situation...Read moreDSV charters multipurpose vessels to combat container crunch
DSV has chartered three multipurpose vessels and a small pool of containers to provide its customers with a direct service from China in Denmark in December. It is the latest sign of the extreme spot...Read more
Recovery of charter rates gains momentum
The recovery of the charter rates is gaining momentum. The average charter rate for a 12,500 dwt multipurpose vessel in December increased by 202 dollars compared to last month. That is a significantly bigger increase...Read more
2,000 redundancies at Maersk, Safmarine and Damco cease to exist
Maersk is laying off 2,000 employees as a result of the large-scale reorganisation that started at the beginning of September. The end of Damco had been in sight for some time, but the Danish shipping...Read more
Shipping ever safer but fires are cause for concern
The number of shipping disasters involving the complete loss of a ship fell to its lowest level ever last year. On the other hand, the growing number of serious fires on container ships is giving...Read more