Asia

Weekly wrap-up for July 12, 2014
12 Jul 2014
The International Longshore and Warehouse Union and the Pacific Maritime Association surprised watchers by announcing a 72-hour hiatus in their negotiations so that the union could deal with unrelated talks in the Pacific Northwest, and by extending the expired coastwide contract during the suspension of negotiations.
Spot rates from Shanghai to Northern Europe rose to $1,416 per 20-foot container this week.
04 Jul 2014
Spot rates from Asia to Europe increased this week after several weeks of decline.
04 Jul 2014
CMA CGM has teamed up with India’s largest port company to build and operate a fourth container terminal at the port of Mundra.
Ocean carrier rate revision roundup for July 4
04 Jul 2014
Several container lines have planned general rate increases in multiple trade routes to take effect Aug. 1...
03 Jul 2014
An Israeli court has modified key terms of the state’s veto-wielding “golden share” in Zim Integrated Shipping Services that threatened to block the carrier’s $3.4 billion restructuring.
03 Jul 2014
DFDS, northern Europe’s largest integrated shipping and logistics company, confirmed it is one of the companies participating in the sale of UN Ro-Ro, the Turkish roll-on, roll-off carrier.
03 Jul 2014
Hanjin Shipping will rake in almost $300 million from the spinoff of its dry bulk business, allowing the loss-making Korean carrier to remove a significant portion of debt as it continues to restructure the company.
02 Jul 2014
Indian Customs has put in place at Chennai Port new regulations that authorities believe will help tackle truck congestion in the harbor and on roadways connecting the cargo terminals.
A Hapag-Lloyd container seen in Singapore.
02 Jul 2014
The ink was hardly dry on Hapag-Lloyd’s merger deal with Chilean carrier CSAV when departing chief executive Michael Behrendt raised the prospect of acquiring an Asian container line.
02 Jul 2014
A major Tokyo-based research firm has painted a grim picture of Japanese container trade in the current fiscal year that started on April 1, citing weaker exports and imports than previously thought.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles jumped for the first time in five weeks.
02 Jul 2014
A $200 gain in the spot rate price per 40-foot container in trans-Pacific lanes could be short-lived, Drewry said today.

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