Trans-Atlantic carriers face a struggle to hike rates amid rising capacity and new competition, even as the euro’s slide against the U.S. dollar boosts shipments on the key westbound leg, according to Drewry Shipping Consultants.
Weekly wrap-up for Aug. 2, 2014: Vancouver penalties cutting truck turn times; congestion worsens at North European ports
02 Aug 2014
Port Metro Vancouver’s penalty system for terminals is cutting truck turn times and drawing attention from other North American ports struggling with drayage challenges. And congestion seen earlier this year at Rotterdam has continued, prompting diversions and surcharges, and the congestion is spreading to other ports in the North Europe range.
01 Aug 2014
Several container lines announced this week general rate increases for the month of September.
25 Jul 2014
Several container lines have planned general rate increases in multiple trade lanes in August, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
17 Jul 2014
Spot rates from Shanghai to Rotterdam, the Netherlands, eroded this week, losing 35 percent of the gains it garnered in the last two weeks.
09 Jul 2014
Trade between northern Europe and North America fell in May, but carriers are making moves to keep their utilization rates over 90 percent on both eastbound and westbound routes, Drewry says.
13 Jun 2014
Multiple container lines have planned general rate increases in various trade routes to take effect in July...
06 Jun 2014
Despite recent improvements, global container lines’ schedule reliability and on-time container delivery have been worse every month so far this year versus last year.
06 Jun 2014
Numerous container lines have planned general rate increases in various trade routes to take effect July 1, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
04 Jun 2014
Maersk Line said it intends to raise rates on shipments between the Mediterranean and North America, beginning July 1.
30 May 2014
Multiple container lines have planned general rate increases in various trade routes in June and July, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
21 May 2014
The dramatic surge in the number of container ships scrapped in recent months is set to continue but will have minimal impact on the oversupply of vessels in the key East-West trades, according to Drewry Maritime Intelligence.