05 Feb 2016
Steadily falling spot rates on the Asia to Europe and Mediterranean trades slowed to single digit declines this week with the majority of factories now closed for the Chinese New Year holiday period.
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.
01 Feb 2016
The January run up to Chinese New Year is traditionally a busy one for exporters as beneficial cargo owners try to ship their products out of the country before the three-week factory shutdown and the carrier service deletions, and space on container ships is often at a premium.
29 Jan 2016
Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month.
27 Jan 2016
The volume of cargo handled by the container trade around the globe this year will increase by a relatively “decent” 4 to 5 percent, but this growth will not be nearly enough to make a dent in the enormous glut of vessel capacity that will continue to erode freight rates.
26 Jan 2016
Colombo International Container Terminal more than doubled its container throughput in 2015 as investment in capability to handle the world’s largest container vessels appears to be paying off.
26 Jan 2016
La Spezia Container Terminal in Italy saw its Asia focus continuing to pay off in 2015, with container volume rising 8 percent year-over-year and helping take its parent Contship Italia Group to a throughput of 6.3 million 20-foot-equivalent units for the year.
26 Jan 2016
A 50 percent drop in bunker prices in the past year is a welcome gift for container lines struggling in an oversupplied market, but even as cheaper fuel allows the carriers to cut operating costs, it will do nothing to address the surplus capacity that is severely undermining profitability.
22 Jan 2016
Orient Overseas Container Line reported a sharp drop in container volume and plunging revenue on the Asia-Europe trade in 2015, with a particularly dismal fourth quarter dragging down figures on the oversupplied route.
22 Jan 2016
Two weeks out from Chinese New Year and there is still no evidence of the traditional surge in cargo exports from China before the long holiday, with spot freight rates on Shanghai to North Europe and the Mediterranean declining sharply for the third week running.
16 Jan 2016
The Asia-Europe trade will continue to hog the headlines in 2016 with a return to the bear market of 2009 looking increasingly likely against a backdrop of slumping freight rates, stagnating traffic, surging surplus capacity and shrinking vessel utilization.
15 Jan 2016
The market completely ignored the Jan. 15 general rate increases levied by carriers on the Asia-Europe trades, with spot rates plunging 21 percent this week, according the latest reading of the Shanghai Containerised Freight Index.