In an interview with CNN, Maersk Group CEO Nils Anderson discusses the ever-changing, and difficult world of global shipping and the newly evolving Chinese import trade which he comments as being, “the most dynamic trade development in the world.”
Mr. Anderson also comments on the 400-meter long, 18,000 TEU Triple-E container ship, the first of which is due in March, as well as the diversification of the group into the oil business, which is their most substantial activity outside of shipping.
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Despite the continuing deterioration in rates, ocean shippers are being advised to avoid the spot market and stick to their allocation with carriers.
Maersk has confirmed that one of the vessels involved in Monday’s U.S.-escorted transits of the Strait of Hormuz was its U.S.-flagged roll-on/roll-off ship Alliance Fairfax, marking one of the clearest tests...
Container spot freight rates on the transpacific trade into the North America west coast managed to defy gravity and edge up this week, while most other east-west trades witnessed a third consecutive week of declines.
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