Suez Feels Chill of Competition as Maersk Threads the Ice — Panjiva


Suez Feels Chill of Competition as Maersk Threads the Ice

Global 722 Mode - Containerized 1005 Mode - Seaborne 1273 Theme - Canals 87

Maersk has completed the first Trans-Arctic container vessel sailing to Europe, making real the potential threat to volumes shipped via the Suez Canal. That comes as the Canal is also facing increased competition from Asia-Europe rail services as well as the Panama Canal for Asia-U.S. east coast routes. There’ll likely be a reduction in seasonality. Transits of the Suez Canal trough in February and peak in August – the August peak coincides with the best time for Trans-Arctic routes. The impact shouldn’t be overstated though as the increasing scale of container vessels makes them l...

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