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Carriers adopt slow steaming to manage tonnage; cost of moving empty containers, especially to Asia, remains significant

German billionaire Klaus-Micheal Kuehne had expressed interest for port company, MSC offers bid of €16.75/share

Anticipated fall in reefer container freight rates will continue to be more measured than for dry freight

Russia warns of attacks; Ukraine may depend on Romania’s Constanta port & inland routes for exports

Drewry forecasts that number of smart containers in global fleet will reach over 10 million units

From 10 carriers operating approximately 85% containership fleet, eight have confirmed net zero targets by 2050: Drewry

Despite continuous fall in freight rates, stock prices of major liners are consolidating at historically low valuations

“Messaging to both sets (customers & shareholders) on how they will succeed needs to be crystal clear”

After controlling 35% capacity, the 2M alliance partners will now fight for market share and the same set of customers

58% blank sailings will be occurring in Transpacific Eastbound & 31% on Asia-North Europe and Med

"Spot rates have continued to fall on a weekly basis, rapidly closing in on five-year 2015-19 averages."

Drewry’s Global Container Terminal Earnings Index peaked in Q122 followed by a 13% drop in Q222