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Maritime News

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07/28/2014
A rise in container traffic from Asia to Mediterranean ports has led to a tight capacity issue and a substantial rise in spot prices. Drewry reported a total of 422,000 20-foot containers were moved from Asia to the Mediterranean in March. April TEUs rose slightly to 427,000, but May’s totals rose...
07/25/2014
The Shanghai-northern Europe spot rate slipped 2.2 percent to $1,203. Full-size chart Price drops continued to be reflected in the Shanghai Containerized Freight Index this week, as every major lane on the index saw spot rates fall. In the Shanghai to northern Europe lane, the rate per 20-foot container slipped 2.2 percent to...
07/23/2014
The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU. Full-size chart With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once...
07/21/2014
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...
07/21/2014
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...



 
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