HSBC to acquire Citigroup China consumer wealth business.

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Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year.

Container volume and cargo throughput at Chinese ports both achieved positive growth in the first quarter of this year. In Q1, container volume at major Chinese ports was 76.73 million teu, an increase of 10% year-on-year. Domestic container volume and foreign trading volume grew 8.5% and 11.1%, respectively. Shanghai port, Ningbo-Zhoushan port and Qingdao port were the top three container [...]

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Ships told to reroute in Indian Ocean as Houthi attack range extends

RED SEA CRISIS Ships told to reroute in Indian Ocean as Houthi attack range extends. A Houthi drone strike on an MSC container ship in the Indian Ocean has led to EU Forces advising shipping to avoid the Western Indian Ocean and the Gulf of Aden. EU Naval Force Operation ATALANTA is advising shipping to sail at least 150 nm [...]

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Unmasking the extent of container shipping’s potential overcapacity

RED SEA CRISIS Unmasking the extent of container shipping’s potential overcapacity. Analyst Alphaliner outlines the current capacity shortages in the trades between Asia and Europe and in doing so also reveals the extent of the potential overcapacity that could affect the industry if the Red Sea crisis is resolved. The broker’s weekly report shows a chart with the capacity required [...]

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