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07/30/2014
Expectations of a solid peak season from Asia to both Europe and North America could lead to higher ocean container freight rates in the third quarter, but the gains are likely to be only temporary. Market watchers have little confidence in a sustained improvement as ocean carriers struggle against an...
07/30/2014
Drewry’s benchmark spot rate from Hong Kong to Los Angeles remained at $1,800 per 40-foot container for a second week. Full-size chart In a now familiar pattern, trans-Pacific spot prices held steady ahead of another general rate increase after dropping precipitously following the previous hike. Drewry’s benchmark spot rate from Hong Kong to...
07/28/2014
A rise in container traffic from Asia to Mediterranean ports has led to a tight capacity issue and a substantial rise in spot prices. Drewry reported a total of 422,000 20-foot containers were moved from Asia to the Mediterranean in March. April TEUs rose slightly to 427,000, but May’s totals rose...
07/25/2014
The Shanghai-northern Europe spot rate slipped 2.2 percent to $1,203. Full-size chart Price drops continued to be reflected in the Shanghai Containerized Freight Index this week, as every major lane on the index saw spot rates fall. In the Shanghai to northern Europe lane, the rate per 20-foot container slipped 2.2 percent to...
07/23/2014
The Drewry benchmark spot rate from Hong Kong to Los Angeles dropped $100 this week to $1,800 per FEU. Full-size chart With another week left before carriers in the trans-Pacific lanes attempt a general rate increase of $600 per 40-foot container, spot rates from Asia to the U.S. West Coast dropped once...
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...



 
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