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.
05 Dec 2014
Multiple container lines plan to attempt general rate increases in numerous trade lanes in December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
03 Nov 2014
Canceled sailings and shrinking volumes are injecting more volatility on the Asia-east coast South America trade, Drewry says.
03 Nov 2014
The much-hyped north-south liner routes aren’t living up to their billing as the future of container shipping in the new low-growth environment that followed the global financial crisis.
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
31 Jul 2014
Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.
28 Apr 2014
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.