Europe

Michael Behrendt, chairman of the executive board of Hapag-Lloyd (left), and Oscar Hasbún, CEO of CSAV, today at Hapag-Lloyd headquarters in Hamburg after the signing.
16 Apr 2014
Hapag-Lloyd and CSAV signed a binding contract to complete a merger to create the world’s fourth-largest container line.
16 Apr 2014
The “Daily Maersk” product was supposed to solidify Maersk’s position as the leading carrier on the Asia-North Europe trade, but less than three years after its launch, Maersk has lost market share in the lane and triggered a rate war, setting the stage for a carrier showdown, Alphaliner said in its latest newsletter.
U.S. containerized imports, March 2013 to March 2014
14 Apr 2014
U.S. containerized import volume jumped 15.1 percent year-over-year in March 2014, the largest increase in 13 months, according to advance figures from PIERS, the data division of JOC Group Inc.
The SCFI for North Europe dropped 6.9 percent in the week ending April 11.
11 Apr 2014
Spot container freight rates measured by the Shanghai Containerized Freight Index were mixed this week, as the Asia-Europe lane observed declines while the Asia-U.S. route saw gains.
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.
Alitalia plane
11 Apr 2014
Etihad Airways is on the verge of buying a 49 percent stake in Italy’s financially troubled national airline Alitalia in a move that would increase the Abu Dhabi-based carrier’s access to Europe’s second largest air freight market.
10 Apr 2014
Lufthansa Cargo carried 2.6 percent less freight in March compared with a year ago, but it said the global market shows some signs of recovery as it posted higher revenue and an improved load factor.
10 Apr 2014
HSH Nordbank, the world’s largest ship financier, today announced its net loss soared to €814 million ($1.1 billion) in 2013 from €124 million ($172.4 million) in 2012, and said it doesn’t expect the global shipping market to recover before 2015 at the earliest.
08 Apr 2014
European ports will struggle to handle the revamped services due to be launched by the P3 and G6 carrier alliances due to their weak intermodal transport links, according to Drewry Maritime Research.
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.
07 Apr 2014
Scandlines, the Danish-German ferry operator, posted a 5.5 percent decline in operating profit last year as increased freight volume was offset by lower passenger and auto traffic.

Pages