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12/22/2014
Wilhelmshaven hailed its success in landing a third 2M service as a sign of ocean carriers’ growing interest in Germany’s only deep water port that is virtually empty more than two years after opening. Maersk Line has confirmed that it will call at Wilhelmshaven’s Jade Weser Port terminal on its ME-1...
12/22/2014
HONG KONG — A China Shipping Container Lines (CSCL) executive has shrugged off demand forecasts predicting 3 to 5 percent market growth in the next few years that will not be enough to fill the capacity flooding into service. At a ceremony in Singapore to welcome the world’s largest container ship,...
12/20/2014
Concluding the final stage in its merger with Hapag-Lloyd, CSAV injected 259 million euros ($317 million) into the combined company and in doing so increased its shareholding to 34 percent in what is now the world’s fourth largest container line. “We have become the largest shareholder in a company with annual...
12/19/2014
HONG KONG — A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike. This trend continued with the final GRIs of...
12/18/2014
Although carrier reliability globally in November was the best so far this year, carriers operating on the trans-Pacific eastbound lane saw reliability worsen, as timeliness sank to 53.6 percent for the month, new data from SeaIntel shows. Carrier reliability globally jumped to 76 percent in November, up from October’s global percentage...
12/17/2014
World Shipping Council President and CEO Chris Koch in late July will hand over the reins of the trade group representing major container lines. John Butler, WSC senior vice president and general counsel, will take over the group — whose members control 90 percent of global container capacity — on July 31....
12/17/2014
  The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.   The seven alliance carriers will control 68 percent of total capacity...
12/17/2014
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015. In a customer advisory, the carrier said the merged service, rebranded the MECL, will include a new eastbound call at Salalah, Oman. The MECL...
12/16/2014
Maersk Line plans to launch a direct weekly service from India to Africa in late January 2015 in a move to provide faster service on that trade lane.  In a trade advisory, Maersk said the direct service will help cut the transit time from Nhava Sheva, India's largest container port, to...
12/16/2014
The 25 largest container lines had estimated net losses totaling $2.6 billion in 2009-2013 and  had an operating margin of 1.6 percent during that span, Dutch consulting and research firm Dynamar said in a report. Carriers enjoyed a rare year of profits in 2010, when a post-recession rebound in volume coincided...



 
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