South Korea unveils $35bn plan to boost capacity at 12 ports
South Korea is planning to invest a total of KRW41.8trn ($35.2bn) to expand capacity at 12 ports across the country over the next 20 years, reports said.
Alphaliner: Capacity on Transpacific Route to Remain Flat
Container capacity on the Transpacific route would remain unchanged this year as shipping lines currently do not plan any increases, according to Alphaliner.
SeaIntel: Each Alliance Should Close a Service to Cut Asia-Europe Capacity Influx
Each container carrier alliance will need to close one service in the Asia-Europe trade line so as to cut the significant capacity increase driven by expected phase-in of the new large vessels into the trade, according to SeaIntel Maritime Analysis.
Indian refiners tap spot crude market to feed increased capacity
Indian companies have stepped up purchases of high-sulphur crude oil from the Middle East and Russia in the spot...
China to cut steel capacity but excess output still expected – Eurofer
China is serious about cutting millions of tonnes of excess steel capacity but that will not mean lower production, particularly in the next few quarters, the head of the European Union steel body Eurofer said on Wednesday.
Alphaliner: Asia-Europe Trade to See Further Rate Turmoil
The Asia-Europe trade route is bound to experience further rate turmoil during 2017 as carriers from three new alliances are set to phase additional vessel capacity into the trade starting from April, according to Alphaliner.
Liners stick to slow steaming on surplus capacity despite Hanjin collapse
The collapse of South Korea’s Hanjin Shipping has boosted customer inquiries for other container lines, but they are still slow steaming amid a supply overhang, participants at the Global Liner Shipping Asia Conference told S&P Global Platts this week.