By Christian Wienberg, Kyunghee Park and Morten Buttler (Bloomberg)
The world’s largest container carrier said trade disruptions that have sent freight rates soaring and overwhelmed major ports may start to ease after the first quarter, disappointing investors but signaling eventual relief for cargo shippers.
A.P. Moller-Maersk A/S Chief Executive Officer Soren Skou said the fourth quarter “was marked on the one hand by a continuous impact of the Covid-19 pandemic but also by some rewarding progress on our strategy to become the integrator of container logistics.”
Looking ahead, Maersk said it expects “the current exceptional situation” of surging demand, supply chain bottlenecks and equipment shortages to continue this quarter “and normalize thereafter.”
Global shipping turmoil expected to calm down by mid-year bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Oil + Scrubbers, Not LNG or Alternatives for ONE s New 24,000 TEU Mega Ships
by Martyn Lasek, Managing Director, Ship & Bunker
Wednesday December 30, 2020
Ocean Network Express Pte. Ltd. (ONE) has announced it will add
six new
24,000 TEU capacity mega-boxships to its fleet, making them the largest such ships in the world. Of particular note to those following developments in the marine fuel space is that the ships are intended to be powered by conventional bunker fuel and fitted with scrubbers. In contrast, the Similar to Hapag-Lloyd, ONEs vessels will be delivered in 2023 and 2024 with industry specialists Alphaliner noting the orders are a coordinated effort between the two THEA partners.