Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained at $1,957 for a third week in the week of June 19, according to the latest release of the Drewry Hong Kong-Los Angeles Container Rate Benchmark. This comes less than two weeks ahead of the July 1 general rate increase.
Trans-Pacific
18 Jun 2013
Yusen Logistics is adding a weekly service from Ho Chi Minh, Vietnam, to Los Angeles to its LCL network.
18 Jun 2013
The P3 Network announced today between Maersk Line, Mediterranean Shipping Co. and CMA CGM will have little or no impact on the glut of vessel capacity that has been depressing global freight rates, but will enable the world’s three largest container lines to substantially cut their operating costs on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
18 Jun 2013
CMA CGM, Maersk Line and Mediterranean Shipping Co. have agreed to establish a long-term operational alliance on East–West trades.
14 Jun 2013
Containerized exports from Far East Asia to the Indian subcontinent and the Middle East reached 646,600 20-foot-equivalent units in April 2013, the most TEUs exported in this lane since May 2012, according to data from Container Trades Statistics. Exports increased marginally month-to-month and year-over-year.
14 Jun 2013
The Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes experienced further declines in the week of June 14, the third straight week of declines in these lanes. Rates have reached their lowest in more than 15 months, lost all gains from recent GRIs, and face new increases scheduled for July 1.
12 Jun 2013
Drewry’s Hong Kong-Los Angeles Container Rate Benchmark remained unchanged in the week of June 12, following major losses in the previous week that dropped overall achievement of the May 21 GRI to 14 percent or $57.
10 Jun 2013
CMA CGM will replace its existing SEAS services, connecting Asia to South America’s east coast, with three new SEAS fixed-day weekly services.
06 Jun 2013
Backhaul rates from northern Europe fell 7.2 percent this week, the steepest drop since rates declined 12 percent in early December 2011, according to the latest release of the World Container Index.
05 Jun 2013
Maersk Line will add a port call at Khor Fakkan, United Arab Emirates, to its ME2 service.
05 Jun 2013
Containerized export volumes from South and Central America declined again in March, with the exception of exports to the Indian dubcontinent and the Middle East, which saw significant growth, according to data from Container Trades Statistics, Ltd. Exports in all other trade lanes remained flat or fell this month.
More on JOC
Jun 5, 2013 2:00PM EDT