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Maritime News

China’s rejection of the P3 alliance dealt a blow to the idea of a mega-alliance, but the aftermath has paved the way for a variety of smaller vessel-sharing agreements to enter the market. Drewry researchers touched on the topic in this week’s Container Insight Weekly, noting that the 2M alliance between...
Service reliability in the container shipping business is set to improve as carriers with lower standards joining the big alliances will be forced to raise their game. That’s the belief of Chris Price, Agility CEO for Asia-Pacific, who told JOC.com in an exclusive interview that the homogenous product offering would compel...
China Shipping has injected $300 million into its wholly owned subsidiary China Shipping Container Lines (CSCL) to improve the troubled carrier’s financial position. In a filing to the Hong Kong Exchange, CSCL announced that the funds were provided in the form of an entrusted loan via the group’s CS Finance Company...
Spot rates from Shanghai to Northern Europe sank 5.5 percent to $1,230 per TEU this week. Full-size chart Instability in the spot rate market continued this week, as spot rates from Shanghai to northern Europe, the Mediterranean and both coasts of the United States sank yet again amid a hearty schedule of...
The impact of importers’ contingency plans to avoid any labor disruptions on the West Coast during the peak shipping season are showing up in second-quarter import volumes. Retail shippers funneled more Asian imports through East Coast ports and moved shipments into the pre-peak months to build inventories in the event of...

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