Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
Asia-Europe
17 May 2013
Mediterranean Shipping Co. will increase rates on three of its trade routes, effective June 1...
17 May 2013
The Shanghai Containerized Freight Index saw further rate erosion in European lanes, pulling the overall SCFI index below the $1,000 per 20-foot container mark for the first time since February 2012, to $990.78.
17 May 2013
Backhaul rates from Los Angeles to Shanghai saw a 7.6 percent increase in the week of May 16, according to the latest release of the World Container Index.
17 May 2013
Maersk Line swung to a $204 million operating profit in the first quarter from a $599 million loss a year ago, its fourth successive quarter in the black, driven by cost savings, higher freight rates and a lower fuel bill that more than compensated for flat container volumes.
16 May 2013
Containerized exports from Far East Asia to North America saw significant month-to-month and year-over-year jumps in March 2013, according to data from Container Trades Statistics, Ltd.
14 May 2013
Maersk Line will boost rates on its trade route from the Mediterranean to the Far East, effective June 1.
14 May 2013
Hapag-Lloyd today signaled its determination to reverse the accelerating rate slump on the Far East-Europe route by announcing a general rate increase of $1,000 per 20-foot container for westbound shipments to north European and Mediterranean ports from July 1.
14 May 2013
Maersk Line will deploy the first 12 deliveries of its new Triple E container ships in its expanded Asia-Europe AE10 string. The first of the 20 ships in the series will make its maiden call at Busan on July 14.
13 May 2013
The deliveries of new ultra-large container ships that are scheduled later this year will further depress Asia-Europe fre
10 May 2013
The Shanghai Containerized Freight Index showed rates in European lanes declined at an accelerated pace this week, ahead of mid-May general rate increases.
09 May 2013
Backhaul rates from northern Europe to Asia continued to decline in the week of May 9, according to the latest release of the World Container Index.
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