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09/02/2014
Although delays are starting to ease at the Port of Rotterdam, schedule reliability to the Dutch port plummeted this summer. Congestion was so bad at three deep-water terminals in Rotterdam this summer that Hapag-Lloyd diverted multiple voyages on one of its Asia-Europe services to Antwerp, while other carriers introduced congestion surcharges. Logistics software...
09/02/2014
If the Panama Canal hopes to retain container carrier services from South China and Southeast Asia to the U.S. East Coast and regain those it has lost to the Suez Canal over the last few years, it will have to develop a new pricing structure or lower its tolls after...
09/01/2014
Small Malaysian container line and regional feeder operator PDZ released its full-year results, and once again the destructive impact of weak freight rates was evident in a carrier’s financials despite the line posting a pre-tax profit. PDZ only has six vessels that work the Southeast Asia trade, covering East and West Malaysia,...
09/01/2014
Zim Integrated Shipping Services entered the final stages of a debt restructuring programme after posting a mixed set of first quarter results where the carrier managed to reduce the size of its loss despite falling revenue. Downward pressure on freight rates saw revenue drop by 10 percent to $875 million in...
08/29/2014
The spot rate to the U.S. East Coast was $4,344 per 40-foot container this week. Full-size chart While it appears some September 1 general rate increases may have been successful, spot rates in other lanes are poised to drop to new lows. Rates responded poorly to carriers’ attempted general rate increases in the...
08/29/2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis. “The carriers have been hit hard by severe congestion in Rotterdam and Hamburg, along with...
08/29/2014
The air cargo industry has been battling declining market share for years as cost-sensitive shippers move long-haul cargo from air to ocean transport, but that trend may be coming to an end, says the head of PIL, an Asia regional container line based in Singapore. “The movement of cargo from air...
08/29/2014
Robert Sappio, former longtime executive at APL, has been named chief operating officer at SeaCube Container Leasing. SeaCube is among the largest lessors of refrigerated containers and also buys, sells and leases dry and refrigerated containers and gensets throughout the world. Sappio most recently was president and CEO at Rickmers America in...
08/28/2014
An investment consortia including the U.S. private equity giant Kohlberg Kravis Roberts has acquired a portfolio of nine feeder container ships previously owned by German KG funds, signaling continued interest in shipping assets by private equity, and a continued pullback by KG funds. The investment vehicle for the purchase is Embarcadero...
08/27/2014
What does it mean if the largest container line in the world is making money while most of its peers are less profitable or struggling? Where will it lead? A gradually emerging theme during the past two years is that Maersk Line is achieving profitability while many of its smaller competitors...



 
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