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.
10 Dec 2014
Spot rates on the trans-Pacific remained steady this week leading up to a massive general rate increase, a sign that carriers could have some success with the historical GRI, Drewry Maritime Research says.
10 Dec 2014
Spot freight rates are falling faster than the bunker fuel price and helping to erase any long term gain in profitability for the over-supplied container shipping industry.
09 Dec 2014
Both Maersk Line and Hamburg Sud received top marks as the most reliable container carriers in the third quarter, Drewry's Carrier Performance Insight shows, as industry-wide reliability began to recover in October.
08 Dec 2014
Stopping at the congested Los Angeles-Long Beach port complex in October made container ships an average of 3.4 days late at the next port of call, industry analysis has shown.
05 Dec 2014
Multiple container lines plan to attempt general rate increases in numerous trade lanes in December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
03 Dec 2014
Trans-Pacific spot rates continued to sink this week, wiping out all gains made by carriers with Nov. 15 GRIs and sinking to two-year seasonal low.
03 Dec 2014
The 15-member TSA made its historic December general rate increase official today, as trans-Pacific spot rates continue on a downward trend
03 Dec 2014
Maersk Line will close down the TP5 U.S.-flag service operated by its affiliate Maersk Line Ltd. on Jan. 15, its first step in a new strategy to eliminate unprofitable trans-Pacific services.
02 Dec 2014
Ongoing congestion at the ports of Los Angeles and Long Beach continued to hurt the schedule of reliability of carriers calling the largest port complex in the Americas last month, according to SeaIntel Maritime Analysis’ latest Global Liner Performance Report.
01 Dec 2014
The U.S. West Coast port congestion drove shippers to air freight at the worst possible time with rates for air cargo at the seasonal highpoint of what is turning out to be the most robust peak season in years.
24 Nov 2014
Evergreen Marine recorded an $80 million net profit in the three months ending Sept. 30. as the carrier added a second profitable quarter since joining the CKYH Alliance in March.