There is at last some bright news for shipping... container capacity on the Asia-Europe route, is set to increase dramatically over the coming months.
Maersk and CMA-C GM are to join forces and restore a service which was put out of action in November 2008. They have even upgraded the service from 9 vessels with 8,400 container (20ft) capacity to 10 vessels with 13,400 container capacity. And they are not alone, MSC plan to launch 39 similar capacity vessels over the next 3 years and other lines are starting to bring ships out of storage.
Not only is it hoped this will ease the capacity issue, it should also help to stabilize rates in the long term, which I am sure we would all welcome....
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