Australia’s top container terminal operator will have a new owner in short order.
22 Jul 2016
Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.
11 Jul 2016
The Asia-Australia trade will get a new shipping consortium.
01 Feb 2016
In an increasingly uncertain container shipping market, price volatility is one of the few entirely predictable things left, was Drewry’s wry assessment of the wildly fluctuating freight rates on East-West trades.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
16 Dec 2015
Five Asia-based container lines will expand a service in mid-February that connects to Australia, while another China-based line will also beef up its service to and from Oceania.
23 Nov 2015
The Asia-Australia container trade is facing capacity cuts and service withdrawals in the next few months that should give added impetus to rising freight rates that have been increasing since mid-year on a better supply-demand balance.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
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.
07 Oct 2014
Containerized exports from Asia to Europe and North America increased year-over-year in August, but spot rates in the Asia-to-Europe and North America trade lanes dropped, according to Container Trade Statistics.