MSC increases rates for shipments to Valencia and Antwerp

Swiss/Italian container carrier MSC has announced new Freight All Kinds (FAK) rates for shipments to Europe, effective from 1 June until further notice but not beyond 30 June.

All Prices are in US Dollars unless otherwise specified

Port of loadingPort of dischargeCommodityRate
20 DV40 DV & HC
Nhava ShevaAntwerpFreight All4,5004,800
Kinds (FAK)
EnnoreAntwerpFreight All4,5004,800
Kinds (FAK)
KolkataAntwerpFreight All4,5004,800
Kinds (FAK)
Port QasimAntwerpFreight...

MSC launches new weekly North Peru Feeder service

MSC has announced the “North Peru Feeder”, a new dedicated feeder service from Salaverry and Paita in Peru to provide increased port connections and faster transit times to Europe, the United States and the Far East.

“By offering greater access from Salaverry’s hinterland, the North Peru Feeder service will also provide time savings and mitigation of logistics risks for Peruvian customers,” said MSC in a statement. “This will particularly benefit the fruit and vegetables industry, including...

Box lines start Asia-Mexico services as rates hit 20-month high

Mainline operators have been starting services connecting China with Mexico as freight rates have reached a near two-year high.

Freight rates for containers from Chinese ports to Mexico’s main container port, Manzanillo, are now around US$2,000 per TEU. This has caused CMA CGM, COSCO and MSC to start China-Mexico connections.

On 6 May, COSCO and its subsidiary OOCL started the Transpacific Latin Pacific 5 (TLP5) service, offering transit times of 15 to 20 days between China, South Korea and...

New shipping routes highlight growing Asia-to-Mexico trade

A new sea route from Cosco Shipping Lines became operational on Monday, as several global ocean carriers have initiated services targeting Asia-to-Mexico trade.

In addition to Cosco, global ocean carriers Mediterranean Shipping Co. and CMA CGM have launched services to tap into soaring container volumes and growing investment in Mexico by Chinese companies.

Cosco Shipping Lines and its subsidiary OOCL’s new Transpacific Latin Pacific 5 (TLP5) line offer direct connections between China, South...

Shift in box lines’ strategy to owned tonnage

Liner operators have been increasing the proportion of owned to chartered ships in their fleet as the Covid-19 pandemic made them cash-rich amid rising charter costs, according to Alphaliner’s report.

MSC has been the most striking example of a carrier favouring vessel owner ship at the expense of chartering, having bought the most ships among operators since 2020.

MSC has ordered 88 newbuildings and acquired 355 secondhand vessels. A decade ago, the Geneva-based carrier had over 60% of its fleet...

Boxship sales reach levels not seen since 2022

Clarksons’ April report said that secondhand boxship sales reached a two-year high in the first quarter of 2024, with 241,000 TEUs changing hands.

The world’s largest shipbroking group said that sales activity was pronounced in the 8,000 TEU to 12,000 TEU size range, accounting for 40% of all capacity sold.

Clarksons remarked, “Buyers in the Far East and Europe have scrambled to lock-in much sought-after tonnage in the larger sizes, where demand in the charter market has also been most intense.”


Maersk slipping to third place, as MSC set to expand fleet lead

According to Sea-Intelligence, when projecting the future fleet sizes of shipping lines, it’s common to add the current fleet size to the size of the orderbook. However, this approach oversimplifies the dynamics, as shipping lines engage in various strategies such as trading in the second-hand market and adjusting their use of chartered vessels.

A more comprehensive method involves analyzing the fleet adjustment strategies of individual shipping lines in recent years. Customers can better...

Port NOLA names Amanda Coates its new chief commercial officer

The Port of New Orleans (Port NOLA) has named Amanda Coates as its chief commercial officer. In this role, she will lead the port’s business development strategies and real estate operations.

Coates joined the Port of New Orleans in 2018 as commercial manager and was named head of business development in 2023. Prior to joining Port NOLA, worked for more than 15 years in various operational and commercial rolesat ocean container carrier, Mediterranean Shipping Company (MSC).

The Port of New...

Houthis fire another MSC-operated vessel

MSC-operated 15,000 TEU container ship MSC Orion was targeted by a long-range Houthi drone in the Indian Ocean on 26 April with Houthi spokesperson Yahya Saree confirming the attack.

Houthis fired the vessel despite MSC’s efforts to move all Israel-linked ships out of the Persian Gulf, following the capture of MSC Aries by Iranian forces.

MSC Orion, which departed Portugal’s Sines port on 6 April, was targeted while it was on its way to Oman’s Salalah port to discharge its cargo on 28 April, and...

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