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Tag: coronavirus

Container market stability and reliability need to be restored says ESPO

The European Sea Ports Organisation (ESPO) stresses the importance of restoring the stability in the market, increasing the schedule reliability, as well as guaranteeing...

Pfizer potential coronavirus vaccine pushes up bunker prices

Oil and fuel prices rose this week after Pfizer announced that its vaccine would be more than 90% effective for the coronavirus, according to...

Coronavirus development determines fuel price trend

The market is assessing the stalled recovery in fuel demand as countries continue to battle the coronavirus pandemic with rolling Covid-19 lockdowns. This has created...

OOCL proceeds with mega-vessels order despite the pandemic challenges

Orient Overseas Container Line (OOCL) has announced it will follow its long-term plans and will proceed with its March order of five 23,000TEU container...

Covid-19 cluster emerges at HK’s Kwai Tsing Container Terminal

Hong Kong's Centre for Health Protection (CHP) has identified a growing Covid-19 cluster in Hong Kong's Kwai Tsing Container Terminal, with many of the...

Covid-19 to have long-term industry impact, says Hapag-Lloyd CEO

The economic repercussions of the Covid-19 pandemic in many parts of the world will continue to dominate for some time, according to Hapag-Lloyd, as...

Allianz expects pandemic to result in rise in machinery issues

Maintenance issues and cargo fires are among the most significant risks for cargo vessels in this period of the pandemic, according to insurance company...

Building resilience is key to securing future supply chains

As the initial jolt of the global pandemic subsides and businesses begin to analyse how they coped with economic shocks created by Covid-19, Maersk...

Challenging Asian market sees additional service cancellations

Maersk has decided to implement new blank sailings due to market demand reductions in Far East Asia, Indian Subcontinent and Pakistan caused by the...

Erratic rate discipline undermined the lines in 2011, can they hold their nerve in 2020?

A senior analyst believes that the crucial test for the carriers will come when the battle against the Covid-19 virus has turned in the...
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Hapag-Lloyd applies GRI on Pakistan–Middle East trade lanes

Hapag-Lloyd has announced a General Rate Increase (GRI) from Pakistan to the Arabian Gulf, Saudi Arabia (Eastern and Western Provinces), Jordan and Yemen, and...

Wan Hai Lines debuts new Vietnam–Thailand–India direct route

Wan Hai Lines has announced a new direct service, the Tamil Nadu–Thailand Express (TTX) service, with the first vessel arriving at India's Chennai and...

Red Sea Eases, but Carriers Wary as Suez Canal Pushes for Return

As the haze begins to lift over the troubled waters of the Red Sea, the Suez Canal Authority (SCA) is carefully balancing reassurance with...

MSC and ZIM downsize joint Far East-US East Coast service network

In response to the recent changes in demand for cargo transport from Asia to the United States, MSC and ZIM have decided to adjust...
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