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Maritime News

22 Apr 2014 Hapag-Lloyd informs about start days / sailings. Further to our earlier announcements regarding the introduction of our new 2014 G6 service structure, we would like to inform you of the start dates / sailings as follows: SE1 service: APL Hong Kong voyage 188E19 / 188W23 ETD Singapore May 8 / ETD Los Angeles June...
Drewry Container Rate Benchmark, April 23, 2014. Full-size chart The Drewry benchmark rate for shipping from Hong Kong to Los Angeles declined this week after two consecutive weeks with no negative movement. The Hong Kong-to-Los Angeles rate dropped 3.3 percent or $64 per 40-foot container in the week of April 23, falling to...
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,...

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