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.
28 Sep 2016
As Hyundai Merchant Marine is scaling down its deployment of extra loaders, Maersk Line is continuing to add vessels to handle Hanjin Shipping cargo.
23 Sep 2016
Trans-Pacific spot rates remained stuck in a narrow range this week even though the trade was roiled by the Hanjin Shipping bankruptcy and vessels are approaching full utilization.
20 Sep 2016
Closing the gap between capacity and demand is going to take years, analysts and carriers believe.
19 Sep 2016
Shippers expecting to secure the same low rate, long-term contracts they negotiated last year will be disappointed, Xeneta says.
16 Sep 2016
Spot freight rates in the eastbound Pacific may have found their comfort zone.
15 Sep 2016
The outlook for overall container trade growth, and particularly transshipment, is bleak.
14 Sep 2016
Hanjin Shipping’s collapse has set off a rush by other container lines to add services and “extra loader” voyages.
12 Sep 2016
Non-vessel-operating common carriers as an industry saw signs of the Hanjin Shipping collapse months before the South Korean container line filed for bankruptcy Aug. 31.
09 Sep 2016
Spot freight rates from Asia to the United States held after a surge last week, but the failure to rise further this week suggests importers are finding space on other carriers.
07 Sep 2016
2M Alliance partners Maersk Line and Mediterranean Shipping Co. will add a pair of weekly trans-Pacific services.
06 Sep 2016
Hanjin Shipping's sudden exit has left shippers looking for capacity.