The scale of the improvement in the liner industry’s fortunes was laid bare today when OOCL released its first-quarter operational update showing its average revenue per container, across all trades, had increased 58.3%, year on year. This was accompanied by a 28.3% year-on-year increase in volumes, which led to OOCL posting provisional...
The first Asia-Europe container vessels have begun to be rerouted around the Cape of Good Hope, according to new AIS data. According to VesselsValue’s ship tracking data, Evergreen’s 20,400 teu Ever Greet, deployed on the Ocean Alliance’s NEU6 service (the same string as the stuck sister ship Ever Given), which had been...
There are growing signs that the sky-high freight prices on the Asia-Europe trades may be beginning to structurally undermine it, as European importers begin to look for alternatives to sourcing from China. Keith Gaskin, group commercial director of Seko Logistics in the UK, said: “I am seeing importers in the UK and...
