CMA CGM and its partners in the Ocean Three Alliance are combining services to form a new string as carriers continue to try to reduce capacity on the oversupplied Asia-Europe trade.
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.
04 Feb 2015
CMA CGM and Shipping Corporation of India have announced new rate restoration initiatives on the Asia-Europe trade lane, effective this month.
08 Jan 2015
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.