Asia-Europe

Asia-Europe

25 Aug 2015
The G6 Alliance has withdrawn two more sailings on the Asia-Europe trade as the alliance has blanked 16 sailings in the past three months to staunch the bleeding in the trade’s freight rates.
21 Aug 2015
The outlook for Asia-Europe carriers gaining general rate increases of up to $1,000 per 20-foot equivalent units worsened after spot rates this week plummeted in the double-digits from the prior week.
18 Aug 2015
Several Asia-Europe container lines have announced Sept. 1 general rate increases of up to $1,000 per 20-foot-equivalent unit despite a persistently weak market that has undercut monthly GRIs all year.
18 Aug 2015
The G6 Alliance Tuesday announced it is axing four more Asia-Europe sailings just days after Maersk and Mediterranean Shipping Co. said they will drop one of their joint services on the troubled route that is facing declining demand and slumping freight rates.
17 Aug 2015
Maersk Line expects the ailing Asia-Europe trade to improve in the second half of this year, as the devaluation of the Chinese currency boost exports and liners decrease capacity.
14 Aug 2015
The Asia-Europe trade was carrier enemy number one this week as two of the world’s most profitable container lines blamed weaker revenues on the chronically underperforming route, and spot rates duly responded by tumbling a further 23 percent this week.
13 Aug 2015
Maersk Line and Mediterranean Shipping Co. are axing one of their Asia-Europe services in the latest cutback by carriers on the troubled route that is facing lower traffic and tumbling freight rates.
23 Jun 2015
Shippers on the over supplied Asia-Europe trade appear to be honoring their service contracts with container lines even as the spot market tumbles to new lows every week.
02 Jun 2015
In the latest sign of the challenge facing Asia-Europe carriers to make money in the busiest global shipping lane, the G6 Alliance said it would cancel two sailings, citing low demand. Yet canceling individual sailings will likely do little to quell analysts’ view that significantly more capacity, such as entire services, would need to be suspended in order to meaningfully impact supply and demand in the Asia-Europe market.
02 Jun 2015
In its new mega-ship order announced on Tuesday, Maersk Line took a conservative road, achieving a 7 percent capacity increase in ships of almost identical hull dimensions to its Triple-E class. In the process, it is showing how carriers are not automatically opting to build ever-larger ships to push the boundaries of economies of scale.
02 Jun 2015
Maersk Line today signed an order for eleven 19,630 TEUs container ships, in a $1.8 billion deal aimed at consolidating its ranking as the world’s largest ocean carrier.
19 May 2015
Despite an environment of overcapacity, two of the largest carriers in the Asia-Europe trade intend to increase freight rates on June 1.