Trade Lanes

Trade Lanes

An overview of container trade, container lines and shipping line news.

Commentary

With the exception of Zim Integrated Shipping Services, all traditional east-west carriers now are entrenched in alliances that cover all three east-west trades. That’s never happened, and, although the day-to-day impact may not be noticeable, it represents the next stage in the war for survival among carriers, and could have wider impact on the pricing of services.

News & Analysis

Ships lined up at the Port of Long Beach. Source: @sbogucki12
21 Oct 2014
In a reminder of the parking lot that the San Pedro Bay became during the 2002 lockout by the Pacific Maritime Association of ILWU workers, container ships are backed up once again off the ports of Los Angeles and Long Beach waiting for days for a berth as gridlock descends on the largest port complex in the Americas.
Emissions Map
21 Oct 2014
The largest group of carriers in the trans-Pacific trade lane today unveiled a revised low-sulfur surcharge meant to tackle the costs associated with switching to the fuel in emissions control areas in North America on Jan. 1.
20 Oct 2014
A sharp drop in spot rates from Asia to the Mediterranean was facilitated by slowing cargo volumes and overcapacity, Drewry Maritime Research says.
Nicaragua canal
20 Oct 2014
The HK Nicaragua Canal Development Investment Co. estimates it can complete a Nicaragua canal in five years at a cost of $40 billion, but more realistically, it will cost at least twice that amount and take 10 or more years to build the 173-mile-long waterway.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
17 Oct 2014
Trans-Pacific carriers received a small boost from a planned Oct. 15 rate increase this week, the Shanghai Containerized Freight Index shows.
17 Oct 2014
Spot freight rates on the Far East-North Europe route have sunk to $705 per 20-foot container, down $33 on the previous week to a new low for the year.
17 Oct 2014
The Far East-U.S. East Coast container trade is shaping up as the potential “battlefield” of the future as an enlarged Panama Canal allows carriers to cascade larger ships from the Far East-Europe trade, according to Bimco.
15 Oct 2014
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose as a result of a mid-October trans-Pacific general rate increase this week, though analysts with Drewry Maritime Research believe the eastbound spot rate will remain stable in the coming weeks.
15 Oct 2014
The east-west ocean container trades will experience volatile spot freight rates through the end of 2015, according to Drewry Shipping Consultants.