Welcome to JOC Sailings. Let us know what you think.
  | Not registered?
  Home > Maritime News

Latest Maritime News

Minimize
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...
07/17/2014
The impact of importers’ contingency plans to avoid any labor disruptions on the West Coast during the peak shipping season are showing up in second-quarter import volumes. Retail shippers funneled more Asian imports through East Coast ports and moved shipments into the pre-peak months to build inventories in the event of...
07/16/2014
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose to $1,900 per 40-foot container this week. Full-size chart Attempts by the trans-Pacific carriers to institute a two-tiered July general rate increase fell just short of realization, as Drewry’s benchmark rate from Hong Kong to Los Angeles showed carriers achieved $300...
07/11/2014
Spot rates from Shanghai to Northern Europe fell $114 to $1,302 per TEU this week. Full-size image One week after spot rate gains from Shanghai to the United States and Europe, rates on the Shanghai Containerized Freight Index dropped yet again. Spot rates have been volatile throughout the first seven months of 2014,...
07/10/2014
The unit cost advantage container carriers are gaining by operating mega-ships is having the effect of dragging down freight rates at a time when all but the top lines are struggling to remain profitable. Martin Dixon, Drewry’s director and head of research products, said freight rate development is being driven by...
07/09/2014
Drewry’s benchmark spot rate from Hong Kong to Los Angeles stood at $1,800 per 40-foot container this week. Full-size chart Spot rates from Hong Kong to Los Angeles slid slightly this week, giving up some of the gain seen around the first of two peak-season surcharges for trans-Pacific carriers. Drewry’s benchmark spot rate...
07/09/2014
West Coast ports can breathe a sigh of relief after the rejection of the P3 Network by China’s Ministry of Commerce — a single operational entity won’t have the huge leverage they feared in negotiations over port calls and terminal charges. The trend that the P3 and other carrier alliances have...



 
©2013  |   About Us  |  Advertise  |  Contact Us  |  Privacy + Terms  |  JOC Group Inc.