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04/18/2014
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...
04/18/2014
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,...
04/17/2014
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...
04/17/2014
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,...
04/16/2014
The “Daily Maersk” product was supposed to solidify Maersk’s position as the leading carrier on the Asia-North Europe trade, but less than three years after its launch, Maersk has lost market share in the lane and triggered a rate war, setting the stage for a carrier showdown, Alphaliner said in...
04/16/2014
In my 42-plus years in the industry, I’ve seen many variations of what we now call alliances — joint services, slot-charter arrangements, vessel-sharing agreements, alliances and now mega-alliances — and more no doubt will follow. These arrangements have existed for years, yet many people act as though the concept is new....
04/14/2014
Shippers can expect more cargo to be “rolled” to later voyages as container lines continue to cut costs by slow-steaming and laying up vessels, Drewry Maritime Research said in its latest Container Insight Weekly. Drewry said slow-steaming and layups allowed carriers to limit effective capacity growth to 22 percent since 2008,...
04/11/2014
Spot container freight rates measured by the Shanghai Containerized Freight Index were mixed this week, as the Asia-Europe lane observed declines while the Asia-U.S. route saw gains. The SCFI for North Europe dropped 6.9 percent in the week ending April 11. Full-size image Asia-Europe rates fell by about $85 per TEU for the...
04/10/2014
The Members of the Caribbean Shipowners Association have adopted a voluntary guideline calling for an increase in the U.S. Security Charges due to security measures implemented throughout the Caribbean over the last several years. This increase will be effective Sunday, May 4, 2014 and will be in addition to the members’...
04/07/2014
Hapag-Lloyd was first carrier to announce the westbound May rate increases even as April 1 GRIs struggle to lift a market weighed down by overcapacity and weak demand. Effective May 8, the German carrier aims to raise rates on the Asia-North Europe and Asia-Mediterranean trades by $525 per 20-foot container and...



 
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