Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
Container Lines
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News & Analysis
18 Jun 2013
Hapag-Lloyd will add a direct port call at Bahrain to its South China Sea Express and Middle East Express services.
18 Jun 2013
The P3 Network announced today between Maersk Line, Mediterranean Shipping Co. and CMA CGM will have little or no impact on the glut of vessel capacity that has been depressing global freight rates, but will enable the world’s three largest container lines to substantially cut their operating costs on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
18 Jun 2013
The Coast Guard has told Horizon Lines the carrier can convert two steam-powered ships to LNG and diesel propulsion in non-U.S. shipyards and still be able to operate the vessels in the Jones Act domestic trade.
18 Jun 2013
The two parts of the container ship MOL Comfort, which broke apart during heavy weather while en route from Singapore to Jeddah, Saudi Arabia, remain afloat, according to the carrier and the Indian Coast Guard.
18 Jun 2013
CMA CGM, Maersk Line and Mediterranean Shipping Co. have agreed to establish a long-term operational alliance on East–West trades.
17 Jun 2013
French carrier CMA CGM will increase rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting July 1.
17 Jun 2013
Crowley Maritime’s logistics group has launched a new, weekly less-than-containerload service from Chicago to Puerto Rico, the Caribbean and Central America.
17 Jun 2013
The hull of the MOL Comfort, a 7,041 20-foot-equivalent unit container ship operated by Mitsui O.S.K. Lines, split in two about 200 nautical miles from Yemen during inclement weather.
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Jun 5, 2013 2:00PM EDT
Commentary
Air Freight’s Hard Landing