Asia-Europe is sure to be the most exciting liner route in 2015 as it faces an influx of the world’s largest container vessels, head-to-head battles between new and expanding carrier alliances, volatile freight rates and an accelerating shift from long-term contracts to spot market deals.
08 Jan 2015
The world’s largest container ship, the 19,100 TEU CSCL Globe, sailed into the British gateway Port of Felixstowe this week to make its maiden European call in a loop that will include Rotterdam, Hamburg and Zeebrugge.
04 Jan 2015
The growing cost of production in China is forcing some European companies to take their outsourced manufacturing back home after years spent in the region as the profit margins that lured them to Asia are steadily eroded.
31 Dec 2014
Ocean carriers face an uphill struggle to push through planned general rate increases on the Far East-north Europe trade in January amid deteriorating economic conditions at both ends of the world’s biggest liner route.
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.
19 Dec 2014
A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike.
12 Dec 2014
Spot rates on the major east-west trades rose sharply this week, reflecting the Dec. 15 general rate increases that will be levied on a market that shows little interest in helping carriers push up prices for any sustained period.
10 Dec 2014
Twenty-one days after leaving the east China manufacturing city of Yiwu more than 8,000 miles away, a freight train carrying 40 containers arrived in the Spanish capital of Madrid this week, potentially opening yet another land bridge between China and Europe.
10 Dec 2014
Spot freight rates are falling faster than the bunker fuel price and helping to erase any long term gain in profitability for the over-supplied container shipping industry.
04 Dec 2014
Spot rates for containers heading from Asia to Europe dropped an additional 15 percent this week, sinking to 19-month low.
02 Dec 2014
Ongoing congestion at the ports of Los Angeles and Long Beach continued to hurt the schedule of reliability of carriers calling the largest port complex in the Americas last month, according to SeaIntel Maritime Analysis’ latest Global Liner Performance Report.
01 Dec 2014
Falling volumes on the Asia-Mediterranean services has created a volatile spot market and could become unprofitable for carriers despite a year-to-date upsurge in demand.