Unless something changes dramatically, container lines risk a repeat of the brutal 2015 to 2016 contracting season; deepening industry losses are set to approach $10 billion this year alone.
02 Dec 2016
Eastbound trans-Pacific spot rates are sliding on the wind down of the peak season.
18 Nov 2016
Spot market rates have continued to decline on the Asia-Europe and Asia-US trades.
16 Nov 2016
Dry bulk carrier is set to acquire Hanjin Shipping's five 6,500-TEU ships, in an attempt to diversify its holdings.
11 Nov 2016
Spot freight rates in the eastbound Pacific declined slightly this week, but imports from Asia are still at peak-season levels and are supporting relatively strong rate levels.
09 Nov 2016
Container lines are seeking to lock the higher trans-Pacific spot rates that resulted from the collapse of Hanjin Shipping into long-term service contracts.
05 Nov 2016
Freight rates are on the rise on the Asia to east coast of South America trade lane following a drastic reduction in capacity.
04 Nov 2016
More evidence of shippers’ engaging in a “flight to quality” by favoring container lines perceived to be stable following the Aug. 31 Hanjin Shipping bankruptcy came from Maersk Line's third-quarter results released this week.
04 Nov 2016
November should signal the end of the peak-shipping season in the eastbound trans-Pacific trade, but spot rates suggest the peak season is still in swing.
03 Nov 2016
The Ocean Alliance has released information on its network that begins on April 1, 2017, with the trans-Pacific to see the largest number of loops and port calls.
31 Oct 2016
Wilmington has regained its ability to tap Asian imports after the 2M Alliance of Maersk Line and Mediterranean Co. plugged a hole at the North Carolina port caused by the collapse of Hanjin Shipping.
28 Oct 2016
Some shippers will have to pay premiums to get on vessels during this late peak season.
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