A week after announcing its formation, a new shipper coalition in Shanghai lambasted container lines for focusing on price to the detriment of service.
27 Mar 2015
OOCL and Yang Ming Line have expanded their joint China-Pakistan Express (CPX) Service by adding a direct call at Adani Hazira Container Terminal, a private facility in West India, starting in mid-April.
27 Mar 2015
It was one up and one down for China’s two largest carriers as China Cosco Holdings reported net profit tumbling 46 percent, while China Shipping Container Lines (CSCL) stepped back into profitable territory.
25 Mar 2015
China’s manufacturing shift inland and rising domestic consumption has created a surge in demand for intermodal rail services unable to be fulfilled because of supply side constraints, according to a just-released World Bank report.
23 Mar 2015
Proposed protective measures for the Great Barrier Reef will lengthen the voyage between Australia and its largest trade partner, China.
19 Mar 2015
China is steadily adding to the rail network linking the mainland with central Asia and Europe, with a large portion of the $130 billion rail development budget for 2014 spent on improving connections in central and western parts of the country.
17 Mar 2015
Three carrier alliances are launching Asia-U.S. East Coast services that will increase capacity on the route by 6 percent, according to industry analyst Alphaliner.
16 Mar 2015
Mexico’s recent expansion of its ban on U.S. poultry after authorities confirmed a case of bird flu in Arkansas is the latest blow to exporters whose containerized shipments have steadily fallen since China and South Korea imposed their own bans months ago.
13 Mar 2015
U.S. shippers importing goods from Asia to the West Coast are paying more in the spot market for ocean shipping but getting worse service in return, a function of carriers’ pricing power gained from strong demand and the effects of the congestion.
12 Mar 2015
India’s two-way trade with the U.S. totaled about $54 billion in the first 10 months of fiscal year 2014-15, which ends this month.
11 Mar 2015
The behavior of a handful of mega shippers in China completely defines the market, and any analysis of imports and exports must take this into account, advised Seabury Group managing director Gert-Jan Jansen.