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.
11 Oct 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take effect in November.
02 Oct 2013
A rocket fired by suspected al-Qaida terrorists at a Cosco Asia container ship as it transited the Suez Canal in August apparently hit a container crammed full of smuggled cigarettes...
23 Sep 2013
Hapag-Lloyd will launch a Black Sea Feeder service connecting Egypt’s Port Said with ports on the Black Sea and in Israel and Turkey.
01 Sep 2013
The container ship Cosco Asia was attacked while it passed through the Suez Canal on Aug. 31.
05 Aug 2013
The number of container ships passing through the Suez Canal experienced a drop of roughly 4 percent year-over-year in the second quarter of 2013, the smallest decline in six quarters. The canal has seen year-over-year decreases for the past seven quarters, but the pace of the decline has slowed for the past four quarters. The Suez also saw its first quarter-to-quarter increase since third quarter 2012.
04 Jul 2013
The Suez Canal remains open amid unrest in Egypt, but some transport operations around the country are closed.
25 Jun 2013
The number of container ships passing through the Suez Canal fell further in the first quarter of 2013, down to the lowest throughput volume in more than three years. The canal has seen year-over-year declines since the third quarter of 2011. However, the pace of the decline has decelerated for the past three quarters.
28 May 2013
Hapag-Lloyd will revise its Europe-to-Asia EUM service, calling eastern Port Said instead of Damietta in Egypt.
23 May 2013
Hapag-Lloyd will revise three of its trade routes...
03 May 2013
Container shipping lines are shifting more of their all-water services from Asia to the U.S. East Coast to the Suez Canal route, instead of sailing through the Panama Canal.