Container Lines

Container Lines

News & Analysis

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
Indonesia’s largest port operator Pelabuhan Indonesia II (IPC) will partner with PSA International, Japanese investment company Mitsui & Co. and NYK Line to construct and operate a container terminal at Jakarta’s Tanjung Priok port.
19 Dec 2014
A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike.
18 Dec 2014
The limited exemption for exports, and possibly the 53-year-old embargo, may become a thing of the past if Obama gets his way. But ending the embargo would require congressional action, something that’s politically questionable.
18 Dec 2014
Although carrier reliability globally in November was the best so far this year, carriers operating on the trans-Pacific eastbound lane saw reliability worsen, as timeliness sank to 53.6 percent for the month, new data from SeaIntel shows.
18 Dec 2014
Strong growth in the Southeast Asia container trades will be a key focus for Maersk Line’s new Asia-Pacific chief executive Lars Mikael Jensen, who was appointed regional head in September.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
17 Dec 2014
World Shipping Council President and CEO Chris Koch in late July will hand over the reins of the trade group representing major container lines.
17 Dec 2014
The launch of the 2M and 03 alliances in the New Year will boost capacity on the Far East-Mediterranean route by about 19 percent, triggering a battle for market share that could result in fresh rate reductions, according to Alphaliner.
17 Dec 2014
Maersk Line is merging its MECL1 and MECL2 services connecting the Middle East, India and the U.S. East Coast into a single weekly loop, beginning in mid-January 2015.