Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
25 Aug 2014
The persistent congestion clogging major gateway ports in the U.S. and Europe is raising a debate about whether it’s just peak-season volumes causing delays in import shipments or the inability of ports to handle the sharp growth in container ship sizes.
22 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in the coming months, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
20 Aug 2014
Simatech Shipping, X-Press Feeders and Orient Express Lines have expanded their joint ASX Service between India and the Middle East by adding a direct call at Adani Hazira Container Terminal, a private facility in western India.
18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
12 Aug 2014
APM Terminals Izmir ordered three ship-to-shore quay cranes and 10 rubber-tire gantry cranes from ZPMC for its new container terminal at Turkey’s port of Petkim.
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
08 Aug 2014
With the first six of a new generation of satellites in orbit, Orbcomm expects increased revenue from its global asset-tracking and management services in the second half of 2014.
06 Aug 2014
The U.S. ocean container trade via European ports, including transshipments, increased 3.8 percent year-over-year to 4.6 million laden 20-foot-equivalent units in the 12 months ending March 2014, according to PIERS, the data division of JOC Group.
05 Aug 2014
The growth in global air cargo traffic slowed in June as a strong performance by Asia-Pacific and Middle East carriers was offset by declines in Europe and North and South America, according to the International Air Transport Association.
05 Aug 2014
Egypt today unveiled plans to build a “second” Suez Canal alongside the existing waterway to keep pace with growing traffic on the Asia-Europe shipping lanes.