Headhaul Asia-North Europe volumes will have shrunk by an incredible 400,000 TEUs by the end of December compared to last year if the rate of decline continues, according to Drewry.
27 Nov 2015
Spot freight rates on the Asia to North Europe and Mediterranean trades came surging back after last week’s record lows, most likely a result of carriers laying up greater numbers of the larger vessels deployed on the westbound trade.
10 Nov 2015
Carriers on the Asia-Europe trade were on time more often in the past 12 months than their trans-Pacific counterparts, according to a study of container shipping schedule reliability by CargoSmart.
06 Nov 2015
Spot rates from Asia to North Europe and the Mediterranean this week fell 31 percent and 20 percent from last week, respectively, after rates in the last week of October skyrocketed as some carriers appeared to gain some of their Nov. 1 general rate increases.
05 Nov 2015
The Asia-Europe trade outlook going into 2016 has become increasingly uncertain because of the big unknown: When will the Chinese economy, the key driver of the head-haul westbound leg, bottom out. Questions also exist about whether the eurozone can maintain its snail’s pace recovery — and boost its imports from China — going into 2016.
04 Nov 2015
The pan-Asian CKYHE Alliance has blanked nine sailings from Asia to north Europe and the Mediterranean in response to shrinking demand in the slack winter season.
30 Oct 2015
Spot rates on the battered Asia-North Europe trade skyrocketed 327 percent to $988 per TEU this week as some carriers appeared to recover the full Nov. 1 general rate increases for the first time since anyone can remember.
23 Oct 2015
There was little to excite container shipping lines in the east-west trades in terms of spot rates this week, with the Shanghai Containerised Freight Index showing a weakening of Asia-U.S routes and flat prices on the China-Europe and Mediterranean lanes.
19 Oct 2015
Mediterranean Shipping Co. and Maersk Line today announced the withdrawal of direct services between Asia and the Black Sea as the 2M Alliance partners react to slumping traffic and plummeting freight rates.
16 Oct 2015
Spot rates on the China-Mediterranean trade fell below $200 per 20-foot container for the first time, a level that is almost $1,000 lower than at the beginning of the year, according to the Shanghai Containerised Freight Index.
01 Oct 2015
Zim Integrated Shipping Services announced it is upgrading its Asia-Mediterranean service network, comprising the East Med-Black Sea Express, or EMX, and the Asia-India Subcontinent East Med, or AME, by adding new port calls and upsizing tonnage deployment.
25 Sep 2015
As if a huge surplus in capacity weren’t enough, container shipping in the troubled Asia-Europe and Asia-Mediterranean trades is moving into the slow third quarter with little chance of a rally in prices to ease the pain of weak freight rates.