The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
China Shipping Container Lines
02 Apr 2014
Maersk Group signed an agreement with China Shipping paving the way for negotiations on further collaboration on new container terminal projects and the establishment of joint ventures with its port arm, APM Terminals.
28 Mar 2014
The two largest Chinese container lines have more reason to work together after they both continued to suffer from overcapacity and lackluster demand in the container shipping industry in 2013.
24 Mar 2014
CMA CGM, China Shipping Container Lines and United Arab Shipping Co. will launch a new jointly operated, fixed-day weekly service...
13 Mar 2014
The Port of Hong Kong got a much needed boost in its capacity to handle container mega-ships...
12 Mar 2014
Carriers’ schedule reliability from Shanghai to Oakland, Calif., showed the greatest variation in eastbound Asia-to-Southern California route performances...
04 Mar 2014
It is possible to think up all kinds of scary scenarios that could play out as container lines form new vessel-sharing alliances or expand existing alliances, but the primary goal of carriers is to deploy the largest ships at their disposal in order to reduce their per-unit costs.
18 Feb 2014
Not a great deal is known yet about the “Strategic Cooperation Framework Agreement” signed this week by COSCO and China Shipping. But the very fact an agreement of any kind was publicly unveiled in Beijing (at the COSCO headquarters), shows how times have changed in China and worldwide.
18 Feb 2014
Major carriers aim to hike rates in a variety of trade lanes in March, although any increases achieved could be temporary.
04 Feb 2014
Based on SeaIntel’s monthly Global Liner Performance reports from 2013, container ships reached their destination ports around the world on time 79.5 percent of the time in 2013...
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...