Trans-Pacific

Trans-Pacific

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
A look back at the year’s host of general rate increases levied by shipping lines on their customers reveals the ineffectiveness of the practice, with no GRI sticking for longer than two weeks or achieving the sought after price hike.
18 Dec 2014
Holiday shoppers in Asia will have to deal with a little less Christmas cheer this year, as trans-Pacific shipments of Christmas trees from the U.S. Pacific Northwest are the latest casualty of West Coast port congestion.
17 Dec 2014
Spot rates in the eastbound trans-Pacific responded to carrier rate increase attempts by jumping about 40 percent this week, Drewry Maritime Research said.
17 Dec 2014
Another set of historic rate increases are on tap for the trans-Pacific, as the 15 members of the Transpacific Stabilization Agreement announced hikes totaling $1,000 per FEU.
16 Dec 2014
Hapag-Lloyd became the latest carrier to announce a large general rate increase on trans-Pacific eastbound cargo for January, following Maersk Line and MOL.
16 Dec 2014
Mediterranean Shipping Co. is already the largest carrier of U.S. containerized exports and the largest overall carrier in the U.S. market. Now it’s about to add the title of largest carrier in the import market, solidifying its dominance of the U.S. market.
15 Dec 2014
Trans-Pacific shipments between Hong Kong and fast recovering North American markets drove up Cathay Pacific cargo throughput in November, with the strong demand expected to last deep into the final month of the year.
12 Dec 2014
Carriers announced GRIs this week for several major trade lanes, all effective on Jan. 15. Spot rates on Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, has dropped 23.5 percent in the five weeks since Nov. 6.
12 Dec 2014
Spot rates on the major east-west trades rose sharply this week, reflecting the Dec. 15 general rate increases that will be levied on a market that shows little interest in helping carriers push up prices for any sustained period.
10 Dec 2014
Maersk Line will implement a general rate increase and peak-season surcharge totaling $1,000 per 40-foot container on cargo heading from Asia to the U.S. and Canada starting Jan. 15, the carrier announced today.
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.