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MSC withdraws 6 voyages in a row! SCFI ends 10-week decline, US line surges in a single weekMSC shrinks capacity: 6 core trans-Pacific voyages canceled. Global shipping giant Mediterranean Shipping Company (MSC) recently announced the cancellation of 6 key trans-Pacific voyages, involving several main routes from Asia to the West Coast and East Coast of the United States: Week 14: Cancellation of Chinook route UK514A (from the Far East to Prince Rupert, Vancouver in Canada and Seattle/Tacoma in the United States); Week 17: Cancellation of Pearl route GQ517N, Orient route GO517N (from Asia to the West Coast of the United States), as well as America route GU517W, Lone Star route GN517E (from Asia to the East Coast of the United States); Week 18: Cancellation of Empire route GE518E (from Asia to the East Coast of the United States). Drewry
Created on 04.02The global shipping market adjusts its capacity layout, and the charter market may usher in a turning pointLeading shipping companies proactively adjust capacity to cope with downward pressure on freight rates. Faced with the continued bottoming out of global container shipping prices, Mediterranean Shipping Company (MSC) took the lead in launching a capacity restructuring strategy. According to the latest industry trends, the company has suspended the trans-Pacific Mustang route service and transferred the 24,000TEU ultra-large container fleet configured on the Asia-North Europe route to regional routes such as the Mediterranean-West Africa. At the same time, the Ocean Alliance (OA) postponed the new Asia-North Europe route originally scheduled to start in March, and the Premium Alliance also suspended the opening of two trans-Pacific routes in May. This series of capacity allocation actions reflects that industry leaders are responding to market shocks through supply-side reforms. Although spot freight rates have retreated from their highs at the beginning of the year
Created on 03.12Red Sea Shipping Security Rings Alarm Bells: How the International Logistics Industry Should Respond to Geopolitical Risk ChallengesRecently, the international shipping industry has once again stirred up waves. On the evening of August 31, the Houthi armed forces attacked foreign merchant ships in the Red Sea, and the news of the Sunion tanker initiating towing operations in the Red Sea has attracted widespread attention. This event not only poses a direct threat to international shipping companies, but also reveals deeper geopolitical risks facing the current international logistics industry, which could have far-reaching implications for global oil prices and trade patterns. The attack by the Houthi armed forces indicates that the security situation in the Red Sea, an international trade artery, is becoming increasingly severe. As a key channel for about 10% of global oil and gas transportation, any form of instability in the Red Sea could have chain reactions on the global supply chain, increasing operational risks and uncertainties for logistics companies that rely on maritime transport.
Created on 2024.09.02TEL
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