Europe

Europe

22 Jul 2014
Panalpina’s ocean container traffic grew three times faster than the market in the second quarter, but barely made a profit for the global freight forwarding and logistics group.
The price per metric ton for high-sulfur bunker fuel fell 4.2 percent this week, while low-sulfur spot prices per metric ton increased 1.3 percent.
14 Jul 2014
Spot prices for high- and low-sulfur bunker fuel have declined steeply for the past several weeks on the heels of political unrest in the Middle East.
12 Jul 2014
Shipper groups began to react cautiously to the planned 10-year vessel-sharing agreement proposed by Maersk Line and Mediterranean Shipping Co. on east-west trades, dubbed “2M.”
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.
Containerized exports from the United States fell 0.7 percent year-over-year in May.
11 Jul 2014
Containerized exports from the United States slid in May, the third year-over-year decline in five months.
11 Jul 2014
Fast-growing Crane Worldwide Logistics is expanding, albeit cautiously.
Shanghai-Northern Europe SCFI
11 Jul 2014
One week after spot rate gains from Shanghai to the United States and Europe, rates on the Shanghai Containerized Freight Index dropped yet again.
Ocean carrier rate revision roundup for July 11
11 Jul 2014
Multiple container lines have planned general rate increases in several trade routes to take effect Aug. 1...
MSC vessel
11 Jul 2014
How much market share Maersk Line and Mediterranean Shipping Co. would control through the 10-year vessel sharing agreement they announced on July 10 will largely determine whether the pact meets a similar fate to that of the P3.
10 Jul 2014
Lufthansa Cargo is cutting freighter capacity in response to continued weakness in global cargo demand that saw its volume slump by 8 percent year-on-year in June with no signs of a pickup in sight.
09 Jul 2014
Trade between northern Europe and North America fell in May, but carriers are making moves to keep their utilization rates over 90 percent on both eastbound and westbound routes, Drewry says.