The opening of the enlarged Panama Canal in 2016 likely will trigger a “massive” surplus of 4,000- to 5,000-TEU container ships, many of which will have to be scrapped regardless of their age, according to Drewry Maritime Research.
06 Aug 2013
The volume of containerized exports from South and Central America to North America in May climbed to its highest level since October 2011, according to data from Container Trades Statistics, Ltd. Latin American exports saw increases in almost all trade lanes, with the exception of a large decline to sub-Saharan Africa.
02 Aug 2013
Major container lines have announced rate increases for a variety of trades, as detailed below, slated to take effect in
29 Jul 2013
Exports from the Indian Subcontinent to Europe are moving closer in number to the amount of containers exported to current top trade partner Far East Asia, as the region continues to slip, according to data from Container Trades Statistics. Exports to all other reported regions were up this month.
25 Jul 2013
Effective Aug. 1, Maersk Line will boost rates on its trade from South Africa to the Middle East and Indian subcontinent by $100 per 20-foot container.