Maersk and CMA CGM collaborate to drive sustainable shipping practices
Maersk Group and CMA CGM are collaborating on efforts to decarbonise the shipping industry. These two major players, ranked second and third in terms of fleet size globally, share a common goal of achieving net-zero emissions for their shipping businesses.?
Maersk is already taking steps towards decarbonisation, with numerous methanol dual-fuel ships in its orderbook. Notably, on 14th September, the LAURA MAERSK, the world's first methanol dual-fuel container ship with a capacity of 2,100 TEU, was formally named in a ceremony presided over by Ursula von der Leyen, the President of the EU Commission.
On the other hand, CMA CGM initially focused on LNG-propelled vessels as part of its decarbonisation strategy. However, the company has diversified its approach and placed newbuilding orders for methanol dual-fuel ships, alongside its existing LNG tonnage. This shift demonstrates their evolving commitment to reducing emissions and embracing alternative fuels in pursuit of a greener shipping industry.
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Asia?
China?
- Container spot rates from China and Asia to North Europe have dropped to half their value in three weeks.?The speed of the rate collapse on the Asia-North Europe route is compared to the price wars of 2015/2016.The last time spot rates were this low for North Europe was in early 2018.Asia-North Europe carriers are struggling with balancing demand and supply despite blanking sailings for consecutive weeks.Container market sentiment is deteriorating, and freight rates continue to slip with little hope for a rate rebound in October.Capacity cuts planned for the Golden Week holidays in October are insufficient to halt the rapid rate decline.THE Alliance members have suspended their PN3 Asia to North America loop due to market conditions.
Central China to USA and Europe?
- From SHA to Europe and the US, rates are increasing until the weekend.Because of the Asia games, security will be closed in CGO, WUH, EHU and PVG for oversized cargo.?Because of China’s Golden Week and the Mid Autumn Festival, the space from now until 4th October is tight.?We advise shippers to make bookings earlier to block space.?
- From NGB to Europe and the US, rates have increased this week?The final rate is offered on a case-by-case basis.
North China to USA and Europe:
- From TSN to Europe and the US, rates have increased this week.??Space is fully booked before the national holiday.?
- From PEK to Europe and the US, hot weather is currently causing loading issues.?Major services from PEK to Europe include: Singapore Airlines, Cathay Pacific, Lufthansa, Air China, KLM, Air France, Japan Airlines.Major services from PEK to the US include: Cathay Pacific, Japan Airlines, All Nippon Airways and Eva Air.?Space is fully booked from both PEK to Europe and the US.?
- From TAO to Europe and the US, space has become quite tight.?There is no space available until 1st Oct from TAO to Europe.?Rates should be checked on a case-by-case basis as the market is not stable.
South China to USA and Europe:
- From CAN to Europe and the US, the market is in peak season so space is very tight.?All shipments will need to be checked with the carrier for rates on a case-by-case basis.
- From SZX to Europe and the US, rates have increased and space is tight.?All shipments will need to be checked with the carrier for rates on a case-by-case basis.
- From XMN to Europe, the market is busy this week and space is short but rates remain stable.To the US, rates remain almost the same as last week but space is still quite tight due to disruptions caused by a typhoon.?
North America
USA?
- Despite Panama Canal transit restrictions, carriers have increased capacity on the Far East to US East Coast? route by 20% since the end of August.Average capacity deployed in the last 5 weeks reached 246,000 TEU, up from 204,000 TEU in the preceding 5 weeks.Capacity utilisation has dropped to 85% during this time.Carriers have cancelled 40% of sailings in week 41, coinciding with vessel departures after the Golden Week holidays.However, the supply overhang remains a challenge for carriers.?
Europe
Benelux
- Here are some recent port updates from Hapag-Lloyd:Antwerp, Belgium:At PSA 913, yard utilisation has increased to 65-70%, while reefers remain at 70-75%, and MTs remain at a low level of 30-35%.At PSA 869, yard utilisation has slightly increased to 55-60%, reefers are at 45-50%, and MTs are at 55-60% utilisation.At AGW, yard utilisation stands at 45-50%, reefer plugs are at 45-50% utilisation, and MTs are between 45-50%. The terminal is set to receive three additional gantries, which will be fully operational this month.?Rotterdam, Netherlands:At the Europe Container terminals, yard utilisation remains at 55-60%. There are sufficient reefer plugs for the current demand. Equipment stocks are now under control and equipment availability is at 100%.At the Rotterdam World Gateway, yard utilisation is stable at 60-65% and reefer plug utilisation is at a sufficient capacity of 50-55%.
UK?
- Prime Minister Rishi Sunak's announcement to postpone the ban on the sale of new diesel and petrol cars to 2035 has caused concern in the logistics sector.The Road Haulage Association (RHA) criticised the lack of a clear plan from the government, seeking "urgent clarity" on the impact of the announcement on the future of heavy goods vehicles (HGVs).The RHA called for collaboration between the government and the industry to develop a detailed plan that provides investment certainty, encourages innovation, and supports those aiming for sustainability.
We anticipate a shortage of availability and the occurrence of delays around the bank holiday periods. Plan ahead and allow extra time for your products to be delivered.
Sep 27 - Belgium*, North Cyprus
Oct 1 - Cyprus, San Marino
Oct 28 - Cyprus, Czech Republic, Greece
Oct 31 - Germany*, Slovenia
Nov 1 - Austria, Belgium, Croatia, France, Germany*, Hungary, Italy, Lithuania, Luxembourg, Poland, Portugal, Slovakia, Slovenia, Spain
Nov 2 - Belgium*, Lithuania
Nov 11 - Austria*, Belgium, France, Poland
Nov 15 - Austria*, Belgium*
Nov 17 Friday Czech Republic, Slovakia
