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.
03 Apr 2014
CMA CGM plans to revise two service loops between North Europe and South America’s east coast as of mid-April.
23 Dec 2013
Hapag-Lloyd and CSAV have much to gain by joining forces, but the German and Chilean ocean carriers will face difficulties striking a financial deal, according to Drewry Maritime Research.
12 Dec 2013
Cascading of large container ships from the Asia-Europe market into North-South trades is significantly eroding pricing in those markets, according to Drewry.
25 Sep 2013
July's containerized export volume from Europe to North America reached its high since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics. Exports rose year-over-year to all regions, with the exception exports to the Indian subcontinent and the Middle East, for a second straight month.
21 Aug 2013
Containerized exports from Europe to Far East Asia increased year-over-year for the fifth straight month in June 2013, according to data from Container Trades Statistics. Exports rose to all regions except the Indian Subcontinent and the Middle East; volume in that trade fell more than 2 percent. The biggest regional increase was seen in shipments from Europe to Far East Asia.
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