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Maritime News

Cascading of larger vessels from east-west into north-south trades is nothing new. But the pace of cascading and the impact it’s having in traditionally profitable north-south markets are gaining increased attention. The trade connecting Northeast Asia-Australia is a case in point, but it’s not the only one, says Drewry. As of...
Spot container freight rates measured by the Shanghai Containerized Freight Index fell on the Asia-Europe lane this week, while the Asia-U.S. trade saw gains for the second week in a row. The SCFI for North Europe dropped 6.8 percent in the week ending April 18. Full-size image Asia-Europe rates declined by about $80...
Several carriers have planned general rate increases in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continue. According to Drewry, slow-steaming and layups allowed carriers to limit effective capacity growth to 22 percent since 2008, despite introduction of larger ships. Without those measures,...
Shippers and carriers don’t always see eye-to-eye, but they do agree on one thing as the 2014-15 shipping season rolls out: The advent of the P3 Network and other expanding vessel-sharing alliances are turning ocean transportation on the major east-west ocean trades into a commodity. In a market where one carrier’s...
Drewry Container Rate Benchmark, April 16, 2014. Full-size image The Drewry benchmark rate for shipping from Hong Kong to Los Angeles rose this week after three weeks in a row with no positive movement. The Hong Kong-to-Los Angeles rate climbed 7.0 percent or $129 per 40-foot container in the week of April 16,...

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