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...before the furore, Saadé said he had certain expectations of his media outlets: “I would like to have a nuanced approach to coverage — with no extremes — and I want the outlets the group owns to follow that line...
...ONE was formed in 2018 through the merger of the container businesses of Japan’s NYK Line, K Line and Mol. Container ships mostly carry manufactured goods in steel boxes....
...This has meant shipping lines have had to add port calls in some areas to drop off and pick up containers going to and from areas that are no longer on their direct route....
...Most large container shipping lines operating on the Asia-Europe route redirected traffic via the Cape of Good Hope, instead of the Suez Canal, following attacks by Iranian-backed Houthis....
...The vessel is operated by Geneva-based Mediterranean Shipping Company, the world’s biggest container shipping line....
...Meanwhile, Germany’s Hapag-Lloyd, the world’s fifth-largest container line by capacity, indicated that it intended to continue diverting its ships away from the Red Sea towards the Cape....
...Longer supply lines tie up more vessels, boost freight rates, widen origin-destination spreads, and lift bunker demand....
...Container lines, which handle movements of manufactured goods and components, mostly offer one service a week on their most popular routes....
...Logistics companies have looked anew at routes through Russia following the decision of most large container shipping lines to divert Asia to Europe sailings that would normally go through the Suez Canal...
...Attacks by Iranian-backed Houthi rebels on container ships navigating the Red Sea stopped the westward flow of presents this Christmas....
...Hapag-Lloyd, the fifth-biggest container line, said speeds had generally increased and that it was accelerating ships when necessary to overcome congestion delays....
...All are in the area currently unserved by most large container lines....
...The Norwegian company is the biggest participant in a corner of the shipping industry facing different dynamics from container lines, which are saddled with excess capacity....
...Container shipping alliances offer customers a wider range of destinations and services because lines share space on each other’s ships....
...Vincent Clerc, chief executive of the world’s second-largest container line, said that large amounts of new ships due for delivery this year and next would saddle the sector with an excess capacity, hitting...
...“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 sector has consolidated in recent years, partly because container shipping lines have sought to use the profits they made during the pandemic to buy logistics businesses and expand the scope of their...
...Denmark’s Maersk, the world’s second-biggest container shipping line, confirmed that it had chartered Dali....
...Container lines have been able to reactivate idle ships to meet the extra demand created by longer journeys....
...Atlantic Container Line, which operates roll-on-roll-off ships that carry finished vehicles, predicted that big car importers would have “a lot of trouble” finding spaces elsewhere on the eastern seaboard...
...The European Commission said on Tuesday that the exemption, which for years has enabled shipping lines to place containers on each other’s ships, no longer appeared “fit for its purpose” and will not be...
...The line had been one of the few big international container lines still sailing through the area....
...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....
...Hapag-Lloyd, Germany’s biggest container line, said on Friday it was not looking at the possibility of using military escorts to return to the Red Sea route....
...Some Chinese shipping lines are still happily using the Red Sea route....
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