7m keo nha caiNews highlights week 10 - 2019

7m keo nha cai Ocean Alliance carriers (CMA CGM-APL, COSCO-OOCL and Evergreen) will cancel ten transpacific sailings in March and April, confirming early signs that container cargo volumes on this trade are falling short of expectations. OCEAN’s axed sailings will remove 74,180 teu of shipboard capacity from 7m keo nha cai US West Coast trade lane and 35,620 teu from 7m keo nha cai US East Coast trade lane. This represents a cut of about 15% of 7m keo nha cai total capacity that 7m keo nha cai alliance would have otherwise deployed over 7m keo nha cai coming four weeks.

7m keo nha cai US trade gap with 7m keo nha cai rest of 7m keo nha cai world jumped to a 10-year high of 1bn (£472.5bn) last year, dealing a blow to President Donald Trump's deficit reduction plan. Official data shows that while exports of US goods and services rose by 8.9bn last year, imports jumped by 7.7bn. It means that 7m keo nha cai gap is 7m keo nha cai widest since 2008, when 7m keo nha cai global financial crisis hit and 7m keo nha cai US fell into recession. 7m keo nha cai deficit in goods and services during December also hit a near 10-year high of .8bn. Exports to 7m keo nha cai rest of 7m keo nha cai world fell 1.9% to 5.1bn, while imports rose by 2.1% to 4.9bn.

7m keo nha cai contract for 7m keo nha cai acquisition of DSME by Korean rival Hyundai Heavy Industries (HHI) was signed on Friday amid protests in Seoul. 7m keo nha cai deal sees Korea Development Bank (KDB) sell its majority holding of 55.7%, worth more than KRW 2 trillion (.78bn), in DSME to form a shipbuilding giant with a 20% share of 7m keo nha cai worldwide newbuilding market. (TW)

MSC and CMA CGM have announced 7m keo nha cai formation of a new Vessel Sharing Agreement for 7m keo nha cai trade from Europe to 7m keo nha cai Indian Ocean and Australia. Both carriers will as from mid-September 2019 operate a joint service which will return from Australia to Europe via South East Asia and 7m keo nha cai Indian Subcontinent. Fourteen 9,500 teu ships will be deployed (9 MSC and 5 CMA CGM).

Source: Howe Robinson