Africa

Africa

28 Jul 2014
The Suez Canal’s major deepening project is just over the horizon as crews will start widening and dredging a 34-kiliometer strip in order to improve wait times for vessels using the canal.
08 May 2014
MOL Liner, Evergreen Line and Cosco Container Lines plan to launch a direct weekly service from Asia to West Africa in June.
07 May 2014
Recent changes in the Asia-West Africa lane have resulted in increased capacity, putting further pressure on freight rates.
Ocean Carrier Rate Revision Roundup for May 2
02 May 2014
Several carriers have planned general rate increases in multiple trade lanes in May and June, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
02 May 2014
The International Maritime Bureau reported the lowest first-quarter level of global piracy attacks this year since 2007, although the agency warned that the threat of piracy is still present.
24 Apr 2014
Multipurpose ocean carrier NileDutch and Singapore-based Pacific International Lines have reached a vessel-sharing agreement to jointly operate a new container service between Asia and West Africa, starting in mid-May.
21 Apr 2014
Mediterranean Shipping Co. has announced the launch of a new container service between Asia and West Africa, starting at the end of this month.
Ocean Carrier Rate Revision Roundup for April 18
18 Apr 2014
Several carriers have planned general rate increases in multiple trade lanes in April and May, although any gains achieved could be temporary as overcapacity and sluggish global demand continues.
Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
U.S. containerized exports through February 2014. Source: PIERS, the Data Division of JOC Group Inc.
07 Apr 2014
U.S. containerized exports tumbled 9.0 percent year-over-year in February to 923,493 TEUs, the lowest monthly volume in 32 months, according to preliminary figures from PIERS, the Data Division of JOC Group. This 9.0 percent drop was also the steepest year-over-year decline since August 2009.
02 Apr 2014
Global air freight traffic grew 2.9 percent in February from a year ago, extending and strengthening the recovery that began in the second half of 2013, the International Air Transport Association reported.