COSCO Shipping Group

MSC the major ‘winner’ in 2021’s containership capacity race

MSC added 411,000 teu of capacity last year, mostly via second-hand containership purchases, for a growth of 10.7%, to 4,266,805 teu, according to Alphaliner data.
This compares with 2M partner Maersk’s conservative 3.4% capacity growth of 142,405 teu, to 4,279,305 teu, and other carrier rivals’ flat or negative tonnage growth in 2021.
MSC’s tonnage growth was especially impressive given that several of its acquisitions involved ships it already operated on charter.
The consultant’s …

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https://theloadstar.com/msc-the-major-winner-in-2021s-containership-capacity-race/

Taiwan carriers eschew multi-year contracts in favour of ‘customer choice’

Evergreen and Yang Ming are not following the contractual stance of rival operators, including Maersk and Cosco which are locking-in customers to multi-year contracts
The two Taiwanese carriers believe they should not bind their customers.
Yang Ming president Patrick Tu said: “We have to consider customers’ wishes. They may think freight rates may not remain at the same high levels over the next two to three years. However, if customers are sure rates …

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https://theloadstar.com/taiwan-carriers-eschew-multi-year-contracts-in-favour-of-customer-choice/

Lawyers initiate first claims against carriers for boxes lost from ONE Apus

Last winter was an exceptional period for cargo losses on the North Pacific trades, with many containers lost in storms – not least from the ONE Apus, which lost more than 1,800 containers.
The 14,000 teu ship was en route to California when a storm dislodged container stacks which toppled into the sea, damaging lower-stacked containers as they fell.
In the first three cases filed with the New York Southern District Court, Navigators …

The post Lawyers initiate first claims against carriers for...

https://theloadstar.com/lawyers-initiate-first-claims-against-carriers-for-boxes-lost-from-one-apus/