Asia-Europe

Asia-Europe

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.
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.
Syrian refugees
10 Apr 2015
Merchant ship operators have joined with seafarers’ unions urging European Union member states to take immediate action to curb the growing humanitarian crisis in the Mediterranean, which they say is putting crews and schedule reliability at risk.
10 Apr 2015
Container shipping spot rates from China to the Mediterranean fell to the lowest level in roughly a year and a half, reflecting how surge of new capacity on the trade lane is offsetting strong demand.
25 Mar 2015
The Asia-Europe trade needs a system similar to the Transpacific Stabilization Agreement on the transpacific route so carriers can apply general rate increases and set surcharges in a more consistent and transparent way, a leading industry analyst says.
23 Mar 2015
HONG KONG — Supply growth is running away at twice the rate of demand growth expected in 2015, and the downward pressure
20 Mar 2015
Spot rates continued to tumble on the major east-west trades this week with the Asia-Europe price per 20-foot container hitting $620, its lowest rate in more than 18 months, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).
13 Mar 2015
Freight rates fell on all major east-west trades this week with Asia-Europe recording $708 per TEU, its lowest level in almost 18 months, according to the latest reading of the Shanghai Containerised Freight Index (SCFI).
09 Mar 2015
Planned mid-March general rate increases on Asia-Europe stand little chance of sticking as the container shipping industry enters the slow season seemingly powerless to arrest declining spot rates on the trade.
02 Mar 2015
MOL on Monday confirmed orders and charters for six 20,150-TEU vessels that catapults the Japanese carrier into the ranks of the operators of the world’s largest container ships.