Ocean Carrier Rate Revision Roundup for May 2
02 May 2014
Several carriers have planned general rate increases in multiple trade lanes in May and June, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
Somalia coastline near Mogadishu.
30 Jan 2014
CMA CGM has announced the launch of a new direct service from the Middle East to Somalia.
Steel pipe
22 Jan 2014
The market for breakbulk and heavy-lift ocean cargo is emerging from the doldrums it experienced last year. Although a backlog of global industrial projects carried the heavy-lift sector through 2012 and construction of new pipelines and wind farms in the U.S. filled inbound multipurpose breakbulk vessels that year, demand largely dried up in 2013. But the picture is brightening, and the market is positioned for a significant recovery in 2014 and 2015.
CMA CGM containers
22 Nov 2013
French container line CMA CGM reported its operating profit more than halved in the third quarter of 2013, compared with the same period last year...
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.
Galborg USA is now offering 100 refrigerated units on each ship on its service between Florida and Africa.
11 Oct 2013
Galborg USA has upgraded its refrigerated container cargo service from Jacksonville, Fla., to ports in Namibia, South Africa and Mozambique, according to Jacksonville Port Authority.