Asia-Europe

Asia-Europe

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.
30 Oct 2014
Hanjin Shipping recorded its first quarterly net profit since the end of 2010 in a turnaround driven largely by cost cuts and currency gains that saw the Korean carrier posting third quarter net earnings of $39 million.
27 Oct 2014
HONG KONG — The impact of low freight rates was vividly illustrated in Orient Overseas Container Line’s third
Ocean carrier rate revision roundup for Oct. 24
24 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
20 Oct 2014
A sharp drop in spot rates from Asia to the Mediterranean was facilitated by slowing cargo volumes and overcapacity, Drewry Maritime Research says.
Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
17 Oct 2014
Spot freight rates on the Far East-North Europe route have sunk to $705 per 20-foot container, down $33 on the previous week to a new low for the year.
15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
13 Oct 2014
Ocean carriers face an uphill struggle to achieve planned general rate increases in the Asia-North Europe trade in the coming weeks against a backdrop of plummeting spot rates, according to industry analysts.
13 Oct 2014
To understand how deeply the Asia-Europe trade is holding carriers’ bottom lines hostage, one just needs to look at the numbers. Spot freight rates on the head-haul westbound trade out of Asia slumped to just $822 per 20-foot-equivalent container unit in late September, according to the Shanghai Containerized Freight Index, less than half the $1,765 rate at the beginning of the year.
Ocean carrier rate revision roundup for Oct. 10
10 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
10 Oct 2014
Fears of a spot rate plunge on Asia-U.S. routes following China’s Golden Week holidays proved unfounded, suggesting carriers on the trade have managed to balance capacity against demand over the traditionally slow period.