The Shanghai Containerized Freight Index extended its decline in European lanes, despite recent general rate increases set for May 15 and future increases scheduled for early June and July.
Maritime News
Maritime is the movement of international trade generated by freight companies. Whether moving by container ship, heavy lift vessel or tanker, maritime accounts for some 90 percent of all global trade by volume. Container shipping handles the vast majority of consumer goods — from retail products and food to autos and auto parts. Heavy lift vessels handle big equipment for projects such as refineries, infrastructure and wind energy.
Press Releases
News & Analysis
24 May 2013
Direct Chassis Link, Maersk Line’s primary chassis provider, will contribute all of its chassis in the South Atlantic region to the Consolidated Chassis Management pool known as the South Atlantic Consolidated Chassis Pool, effective June 1.
24 May 2013
Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes experienced moderate increases in the week of May 24, following general rate increases of $400 per 40-foot container moving from Asia to the U.S. West Coast and $600 per FEU from Asia to the U.S. East Coast implemented by USL and CMA CGM on May 21.
24 May 2013
Eimskip, the Icelandic shipping and logistics group, posted higher first quarter earnings and revenue as strong reefer tr
24 May 2013
Hapag-Lloyd will raise rates for all dry, refrigerated, flat rack and open top containers on its trade from East Asia to the U.S. and Canada, effective July 1...
24 May 2013
The European Commission’s director-general for mobility and transport and the Central Commission for the Navigation of the Rhine’s secretary general sign agreement to improve inland navigation operations.
24 May 2013
Shenzhen, China's second-biggest port in 2012 in volume terms, saw container throughput edge down year-over-year in April.
24 May 2013
Hanjin Shipping’s Busan container terminal and the turnaround times it affords are enough to make eyes water.
24 May 2013
Yisrael Katz, Israel’s transportation minister, has announced that tenders for the construction and operation of two new ports will be issued by July 1, Haaretz reports.
24 May 2013
One step forward, a half-step backward. That’s expected to be the story of the U.S. economy, and containerized imports and exports, through the rest of 2013.
23 May 2013
J. Christopher Lytle, executive director of the Port of Long Beach, will leave in mid-July to take the same post at the Port of Oakland.
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Commentary
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