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1. EU to end competition exemptions for shipping lines The shipping industry is due to lose its exemption from EU competition laws, in a move that could “upend the business of global trade”, according to the Financial Times. The exemption encouraged shipping lines to form alliances
It’s not looking good for container shipping lines. Peak season is running out of whatever limited steam it previously had. Spot rates are sliding into loss-making territory. Rates “continue to lose ground, bending under the pressure of insufficient demand and growing overcapacity,” said Alphaliner this week.
Cargo fire risks continue to rise A combination of factors is increasing the risk of blazes at sea and on land. Hazardous and combustible goods are increasingly transported by containers, while the prevalence of Lithium-ion (Li-ion) batteries poses a growing risk for both container shipping and
he global container market is facing a myriad of difficulties for the rest of the year, as it acclimatizes to rates dropping to pre-pandemic levels after the boom years of 2020-2021. The challenges ahead for liner companies are mostly prevalent through deploying capacity in a market
