Hints and tips:
Related Special Reports
...The strong performance was despite disruption to the launch of the company’s Explora I luxury vessel because of a fire safety issue with some of the panels on board, which affected two other MSC ships and...
...As a result, shipping companies are dealing with “some of the most dangerous people in the world....
...More than 80 per cent of the world’s container shipping capacity is controlled by nine companies, including China’s Cosco and Switzerland’s Mediterranean Shipping Company, according to data provider Alphaliner...
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...Lloyd’s List, the shipping news and analysis company, has estimated that if the EU carbon price remains between €80 to €90 per tonne of CO₂, total tax revenues from the coverage of shipping by the ETS could...
...Dominated by a few huge companies like Switzerland’s MSC and Denmark’s Maersk, container lines operate like a regular conveyor belt across the oceans....
...In the latest attack, on Monday, the Houthis fired two missiles at the MSC Sky II, a container ship operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...Maersk, operator of the second-biggest container ship fleet, announced last year that from January 2025 it would end its 2M alliance with Mediterranean Shipping Company, the world’s biggest container line...
...The Marseille-based transport group, the world’s third biggest container shipping company, will also give up its seat on the board of Air France-KLM....
...Several of the world’s biggest shipping companies, including MSC, Hapag-Lloyd and Maersk, have also paused travel through the Red Sea due to security risks....
...Mediterranean Shipping Company and AP Møller-Maersk were always unlikely bedfellows....
...“I’m not so much of the view that there’s a huge oversupply in the container shipping industry,” Nixon said....
...The responsibility for keeping the trade artery open between east and west no longer lies with commercial shipping companies....
...“Some of the competitors in [the] Greater Bay Area continue to receive government incentives, hence able to offer attractive lower price option[s] to shipping lines,” the company added....
...The attack seems likely to have been a result of the ship’s previous ownership by Oaktree, one of the US private equity firms that is most active in shipping investment....
...Mediterranean Shipping Company, the world’s biggest container line, and Maersk, the market number two, have also expanded their logistics operations in recent years, both through organic growth and acquisition...
...With just 40mn outbound trips in the first half of 2023, Chinese tourism has yet to rebound to near the level of 2019’s 155mn trips....
...Companies are also facing increased shipping costs as a result of the Houthi attacks....
...This article has been updated since first publication to reflect a statement from Transfar Shipping...
...Maersk has ordered substantially less ships than rivals such as industry leader Mediterranean Shipping Company, as it funnelled its earnings into warehousing, planes and broader logistics services....
...“There’s so much shipping capacity coming on stream that in the long run the increase in rates evens out,” says Ryan Petersen, chief executive of the freight forwarding and logistics company Flexport....
...During the boom, Maersk was dethroned as the world’s largest container line by Mediterranean Shipping Company as the two companies have pursued widely different strategies....
...Under such rules, shipping companies can strike deals to swap space, or even pool several ships on a particular route and operate them jointly....
...The announcement this year that the world’s two largest container shipping groups, Mediterranean Shipping Company and AP Møller-Maersk, had decided to end their vessel-sharing alliance had prompted speculation...
...German company Hapag-Lloyd diverted all ships on Monday to go via the Cape of Good Hope, MSC decided on Friday to reroute some of its services and Marseille-based CMA CGM is taking similar action....
International Edition