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Displaying items by tag: Container Rates

#ContainerRates- The World's largest container line, AP Moeller-Maersk A/S said it will pool vessels with its two biggest rivals in an effort to manage overcapacity and raise unprofitable freight rates, according to Bloomberg.

The Danish giant Maersk Line, Mediterranean Shipping Company (MSC) and CMA CGM SA will form a network that will comprise of 255 vessels on 29 loops, the Copenhagen-based shipping line has confirmed.

Together these lines will co-operate on the world's three largest trade lanes: Asia-Europe, trans-Pacific and trans-Atlantic. Container companies including Maersk Line, have said they plan to raise rates next month following the price declines caused by overcapacity.

The Shanghai Containerised Freight Index, a measure of box rates out of China, has dropped 21% in the last three months as industry efforts to boost prices earlier this year failed to yield results.

"We're joining forces after experiencing virtually no growth in these tree trade lanes since the financial crisis in 2008," Maersk Line chief trading and marketing officer Vincent Clerc said.

 

Published in Ports & Shipping

About boot Düsseldorf: With almost 250,000 visitors, boot Düsseldorf is the world's largest boat and water sports fair and every year in January the “meeting place" for the entire industry. From 18 to 26 January 2020, around 2,000 exhibitors will be presenting their interesting new products, attractive further developments and maritime equipment. This means that the complete market will be on site in Düsseldorf and will be inviting visitors on nine days of the fair to an exciting journey through the entire world of water sports in 17 exhibition halls covering 220,000 square meters. With a focus on boats and yachts, engines and engine technology, equipment and accessories, services, canoes, kayaks, kitesurfing, rowing, diving, surfing, wakeboarding, windsurfing, SUP, fishing, maritime art, marinas, water sports facilities as well as beach resorts and charter, there is something for every water sports enthusiast.

At A Glance – Boot Dusseldorf 

Organiser
Messe Düsseldorf GmbH
Messeplatz
40474 Düsseldorf
Tel: +49 211 4560-01
Fax: +49 211 4560-668
Web: https://www.boot.com/

The first boats and yachts will once again be arriving in December via the Rhine.

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