Freight rates are soaring.
22 Oct 2015
G6 Alliance carriers have suspended a trans-Atlantic service, the latest sign liners are pulling back capacity after spot rates hit the lowest level in more than a year. The move follows the downgrading of a trans-Atlantic service by members of the 2M Alliance.
16 Oct 2015
Increased vessel capacity continues to weigh on trans-Atlantic container spot rates, which this week remained near their lowest levels of the year, according to the World Container Index posted on JOC.com’s Market Data Hub.
10 Aug 2015
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.
04 Aug 2015
U.S. containerized ocean trade via European ports, including transshipment cargoes, increased 3.5 percent year-over-year to 4.7 million 20-foot-equivalent units in the 12 months ending in March, according to PIERS, a sister product of The Journal of Commerce within IHS Maritime & Trade. While U.S. exports tumbled 4.6 percent to just more than 1.9 million TEUs, U.S. imports, comprising 59.3 percent of the trade, jumped 9.9 percent to nearly 2.8 million TEUs.
04 Aug 2015
At a time when east-west container shipping trades are being pummeled by what Drewry Maritime Research calls a toxic mix of overcapacity, weak demand and aggressive pricing, the trans-Atlantic is standing out as a lone, and surprising, stalwart.
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