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.
26 Feb 2015
Militants loyal to ISIS could bring Somali-style piracy to the Mediterranean, threatening the world’s largest trade lane, European officials warn.
24 Feb 2015
Trade between China and Iran has been growing at almost 40 percent a year since 2012, driven by rapidly rising consumer demand, according to a Seabury Group study.
13 Feb 2015
The U.S. East Coast spot rate hit $5,049 per FEU this week as rising demand for the all-water service pushed rates to record levels, according to the latest reading of the Shanghai Containerized Freight Index (SCFI).
06 Feb 2015
Spot rates on the Asia-U.S. trades soared this week as trans-Pacific carriers prepared to slap on another general rate increase and the East Coast route continued to benefit from heavy levels of West Coast port congestion.