BCOs have less choice

Although the vessel queue outside of the San Pedro Bay ports recently dropped, data from Sea-Intelligence suggests it is on the way back up

The line points to significant increases in bunker prices and the fall in average freight rates

A need to accommodate growth in cargo volumes, ensure adequate geographical coverage of the region, and enhance reliability has prompted CMA CGM to instigate changes to its existing East African feeder network.

In Q2 2017, global schedule reliability improved 2.3 percentage points from 72.3% in Q1 2017 to 74.6%, reports the Denmark-based shipping analyst SeaIntel

Ultra-large container vessels (ULCV) loading at least 18,000 TEU are set to play a dominant role in the Asia/Europe/Asia trade within the next two years

Vroon Group is likely to dispose of its tanker and car carrier interests as part of the drastic reorganisation that the Dutch shipping company has agreed upon with its banks and other lenders