Less than nine months after the historic inauguration of the Expanded Canal, the Panama Canal announced that it has welcomed its 1,000th Neo-panamax vessel through the waterway, highlighting the importance of the route and customers’ continued faith in the safe, reliable and efficient service the Canal provides.
On Sunday, March 19, the containership Mediterranean Shipping Company’s MSC Anzu made the historic 1,000th transit through the Expanded Canal, heading northbound from the Atlantic to the Pacific […]
Maersk Line, Mediterranean Shipping Company S.A. (MSC) and CMA CGM have in principle agreed to establish a long-term operational alliance on East – West trades, called the P3 Network. The aim is to improve and optimize operations and service offerings.
The P3 Network will operate a capacity of 2.6 million TEU (initially 255 vessels on 29 loops) on three trade lanes: Asia – Europe, Trans-Pacific and Trans-Atlantic.
Declining volume growth and over-capacity in recent years […]
If you can’t beat them, join them, is the old saying. That seems to be the premise under which most European container carriers are operating these days, since the idea of merging becomes more and more a possibility in the era of capacity oversupply and low demand and rates. This was the trend of a recent report by Bloomberg. As a way to cushion the impact of the current crisis, reducing costs and improving access […]