Category: Market updates

Asia-Europe contract shippers asked to pay more, with premiums for priority

Asia-Europe contract shippers asked to pay more, with premiums for priority

© Terrance Emerson Container spot rates from Asia to Europe and the US ticked down a few percentage points this week, after the previous week’s big gains. However, with another wave of rate increases announced for mid-May from Asia to Europe, including new FAK rates from Maersk, MSC and CMA-CGM, it is expected that shippers…



Shippers squeezing margins 'pushed carriers toward bigger ships and alliances'

Shippers squeezing margins ‘pushed carriers toward bigger ships and alliances’

Container shipping lines yesterday shrugged off accusations that bigger ships and alliances would lead to less choice and less supply chain resilience, and argued that instead, shippers had brought these changes upon themselves. Olaf Merk, of the International Transport Forum, explained to delegates at Transport Logistic in Munich how the recent changes in the liner…



Emirates profit plunges 82% in wake of Trump's travel ban

Emirates profit plunges 82% in wake of Trump’s travel ban

AP Emirates, the Middle East’s largest airline, reported a drop in annual profit on Thursday for the first time in five years and criticized President Donald Trump’s restrictions on some U.S. flights as “destabilizing” for travel. The Dubai-based company said net profit at its airline business plunged 82 percent to 1.3 billion dirhams ($354 million)…



Yang Ming sends out 'don't panic' message to quell shipper fears

Yang Ming sends out ‘don’t panic’ message to quell shipper fears

© Philippilosian Yang Ming today issued an update on its financial status to mitigate shipper and service provider concerns after the suspension of its shares on the Taiwan Stock Exchange last week. The carrier, part of THE Alliance, said it understood that its customers “have access to opinions and news from a variety of third-party…