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Container Lines Face Gloomy Outlook
Container Lines Face Gloomy Outlook

Container carriers are struggling with vast overcapacity, putting them on course for potentially disastrous losses in 2024 and beyond.

Vietnam's exports continue to pick up
Vietnam's exports continue to pick up

As of October 2023, Vietnam's total export and import turnover is estimated to be $557.95 billion, down 9.6% year-on-year. The decline is much less than the double-digit decline in the first half of the year. After a gloomy first half, recent positive results have helped to narrow the decline in export activity.

EU Emissions Trading System Surcharges Announced by Shipping Lines
EU Emissions Trading System Surcharges Announced by Shipping Lines

Major container carriers Maersk, Hapag-Lloyd, and CMA CGM have recently announced estimated surcharges to comply with the upcoming EU Emissions Trading System (EU ETS) starting January 2023. The EU ETS will apply a cap-and-trade system to reduce maritime emissions for ships trading with Europe.


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