Renault switches from pricey car carriers to containers for shipments out of Busan
Contrasting ship sector fortunes have been reflected in South Korea where French automotive giant Renault has started shipping brand new cars in containers to avoid prohibitively high costs associated with the car carrier sector. Car carrier fortunes have been hitting record figures for the past 15 months, while container earnings have slid from their all-time highs in […]
Number of containers lost at sea falls to record low
A total of 661 containers were lost overboard in 2022, out of 250m transported, representing the lowest losses in percentage since the Washington-based liner lobby group, the World Shipping Council (WSC), started the survey in 2008. The number is less than one-thousandth of 1% (0.00026%) of the containers currently shipped each year, with cargo transported […]
