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Maritime News

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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...
07/21/2014
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...
07/18/2014
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...



 
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