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.
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.
28 Nov 2014
United Arab Shipping Co. today named the industry’s first-ever LNG-ready ultra-large container vessel at Ulsan in Korea, with Sajir becoming the first of 17 vessels ordered by the carrier.
28 Nov 2014
There will be no speedy solution to the congestion that is creating bottlenecks at ports around the world as terminals battle to cope with growing trade and surges in container volume.
26 Nov 2014
With Asia to Europe trade showing growth that far exceeds the region’s GDP growth this year, and forecasts call
24 Nov 2014
Evergreen Marine recorded an $80 million net profit in the three months ending Sept. 30. as the carrier added a second profitable quarter since joining the CKYH Alliance in March.
21 Nov 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.