The Shanghai Containerized Freight Index extended its decline in European lanes, despite recent general rate increases set for May 15 and future increases scheduled for early June and July.
Asia-Europe
23 May 2013
Backhaul rates from northern Europe and the U.S. West Coast continued to dip this week, according to the latest release of the World Container Index.
23 May 2013
Containerized exports from the Indian subcontinent and the Middle East to regions in Europe, Africa, and the Americas saw significant growth in March 2013, according to data from Container Trades Statistics.
22 May 2013
Containerized export volume from Europe to North America reached 322,300 20-foot-equivalent units in March, its highest volume since July 2012 and the second highest volume in this lane since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics, Ltd.
22 May 2013
Trans-Pacific container lines got a reprieve from sliding freight rates this week when they put a general rate increase into effect on May 21, but freight rates are likely to continue to slide in the major east-west trades because some carriers continue to slash rates after repeated GRIs in an effort to gain market share.
21 May 2013
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.
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.
More on JOC
Is Your Supply Chain Costing You Money?
Best Practices for Building a Resilient Supply Chain
Bridge the Gaps in Your GTM Operations with Gartner Research