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Japan-South Korea container trade shrinks
It is estimated that container trade between Japan and South Korea shrank from a year earlier in 2019, suffering the first year-on-year contraction in four years, or since 2015.
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Worst Case Scenario Could Bring About USD 23 Bn Loss for CarriersBlanking of sailings triggered by the demand drop from the coronavirus pandemic could result in a USD 23 billion collective loss for container carriers in the worst-case scenario, Copenhagen-based consultancy Sea-Intelligence predicts.
World’s Largest Containership to Start Sailing at the End of AprilThe delivery of 24,000 TEU containerships to South Korean shipping company HMM will not be delayed by the ongoing impact of the coronavirus pandemic on the shipbuilding industry.
Global Schedule Reliability Hits Record LowGlobal schedule reliability of liner shipping companies dropped to the lowest recorded level since Sea-Intelligence introduced the score in 2011.
Wharfies Refuse to Unload Boxship in Melbourne amid COVID-19 ConcernsWharfies at the DP World terminal in Melbourne, Australia refused to unload a container vessel last night citing safety risks to workers and the community.
Coronavirus Pandemic Sets Off a New Wave of Blank SailingsJust as the number of blank sailings out of China by container carriers started to subside, the industry is bracing for another surge on the Asia-Europe trade as the coronavirus pandemic spreads to Europe.
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