Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.
28 Jan 2014
Jefferies expects Asian container lines’ earnings for the fourth quarter of 2013 overall will be in line with or below Bloomberg consensus estimates, as freight rates in Asia-related trade lanes continued to slide and overcapacity remained.
27 Jan 2014
Major container lines hope to increase rates in multiple trade lanes in February, March and April, although any hikes achieved may be temporary.
13 Jan 2014
It’s too early to predict precisely how the container shipping business will play out in the new year, but there is one certainty: The P3 Network will shake things up in a big way. In the six months since Maersk Line, Mediterranean Shipping Co. and CMA CGM announced they would pool their biggest ships in a giant vessel-sharing alliance in the main east-west trades, competing liner companies have been playing catch-up in an effort to match the P3’s market size and power.
10 Jan 2014
Major container lines hope to implement rate increases in a variety of trades in January and February, despite signs that any hikes achieved may be fleeting.
31 Dec 2013
Seventeen of the Top 20 container carriers worldwide are expecting deliveries of new ships in the next 12 months, which could make 2014 a record-breaking year for capacity...
23 Dec 2013
Hanjin Shipping is planning to invite Evergreen Line to join the CKYH Alliance to improve that network’s competitive posture, South Korean news agency Yonhap reports.
16 Dec 2013
Will there be a CKYH-E?
11 Dec 2013
An 11 percent decline in revenue contributed to a large decline in profits at Evergreen Marine for the third quarter.
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
14 Nov 2013
Evergreen Line is partnering with Hanjin Shipping to create a new service linking South Korea, China, Vietnam, Singapore and Malaysia.
28 Oct 2013
Evergreen Group has unveiled the 8,508-TEU Ever Linking, the second L-type vessel to be built by CSBC Corp. in Taiwan.