Trade Lanes

Trade Lanes

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

Commentary

Beneficial cargo owners are celebrating an early Christmas. Anticipating the supply-demand ratios again were trending to the demand side for the year, trans-Pacific contract rates for major BCOs barely moved, if at all. To be sure, some inland point intermodal rates bumped up, but still aren’t close to the cost levels associated with providing the services.

News & Analysis

02 Jun 2015
In the latest sign of the challenge facing Asia-Europe carriers to make money in the busiest global shipping lane, the G6 Alliance said it would cancel two sailings, citing low demand. Yet canceling individual sailings will likely do little to quell analysts’ view that significantly more capacity, such as entire services, would need to be suspended in order to meaningfully impact supply and demand in the Asia-Europe market.
02 Jun 2015
In its new mega-ship order announced on Tuesday, Maersk Line took a conservative road, achieving a 7 percent capacity increase in ships of almost identical hull dimensions to its Triple-E class. In the process, it is showing how carriers are not automatically opting to build ever-larger ships to push the boundaries of economies of scale.
02 Jun 2015
Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier.
Sue artwork portraying carrier contracts
27 May 2015
The results of the 2015-2016 trans-Pacific contracting season are mostly in, and although carriers dug in their heels to get rate increases, for the most part they fell short of getting what they wanted.
26 May 2015
CMA CGM is launching a trans-Atlantic service with Hamburg Sud and United Arab Shipping Co., and enhancing another service after the French carrier shipped 35 percent more volume between the U.S. East Coast and North Europe in the first three months compared to the same period year ago.
19 May 2015
Despite an environment of overcapacity, two of the largest carriers in the Asia-Europe trade intend to increase freight rates on June 1.
19 May 2015
The Transpacific Stabilisation Agreement has responded to queries from forwarders about contract guidelines introduced this year that recommend its member carriers set rates for 20-foot containers at 90 percent of the rates charged for FEUs.
MSC container ship in Rotterdam
18 May 2015
The North Atlantic, for long the “sleeping dog“ of container trades, is “waking up,” as rising European imports on the back of a strong U.S. dollar lift freight rates and attract new services, according to Drewry Maritime Research.
06 May 2015
Saying that predictions of 20 percent over-capacity on all-water services to the East Coast this year “were based on faulty assumptions,” a carrier discussion agreement in the eastbound Pacific is recommending two general rate increases and a peak season surcharge.
05 May 2015
Eastbound trans-Pacific liner reliability has improved for the first time this year, but liner reliablity on the opposing direction fell to the lowest point since JOC.com began collecting SeaIntel data in August 2011.