The trans-Atlantic bull-run has hit a glitch as a “huge” injection of capacity on the route since May has outpaced the growth in demand, “bringing a predictable outcome” for freight rates, Drewry Maritime Research said.
02 Feb 2015
When the Maersk Kotka called at Charleston and Savannah on Jan. 30 and 31 on a Europe-U.S. Gulf-Mexico-U.S. South Atlantic rotation, there was nothing unusual about the service, but for one big thing: It marked the first call at those ports by a ship on the revamped trans-Atlantic TA3 service jointly operated by Maersk Line and Mediterranean Shipping Co. in the new 2M Alliance.
19 Jan 2015
Among the world’s largest trade lanes, the trans-Atlantic rarely grabs the headlines, but it can still spring a surprise. Final figures aren’t in yet, but the route grew faster than its larger east-west rivals and the much-hyped north-south trades through most of 2014.
10 Dec 2014
Hapag-Lloyd and CSAV will launch new joint services between March and June, the carriers said today after unveiling new-and-improved service loops.
09 Dec 2014
Both Maersk Line and Hamburg Sud received top marks as the most reliable container carriers in the third quarter, Drewry's Carrier Performance Insight shows, as industry-wide reliability began to recover in October.
05 Dec 2014
Two carriers announced general rate increases targeting trans-Atlantic shipments to the Port of New York-New Jersey.
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.
06 Nov 2014
Rates from Asia to Northern Europe nearly doubled this week while trans-Atlantic rates dipped to new lows, according to the latest readings from the World Container Index.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.
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.
10 Oct 2014
OOCL has unveiled low sulfur surcharges of up to $110 per 20-foot container for Europe-North America voyages to cover the extra cost of burning cleaner fuels in 2015.