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.
07 Nov 2014
A rapid rise in spot rates on the Asia-Europe trade following a host of general rate increases failed to hold on to last week's gains, sliding more than 10 percent to $1,175 per 20-foot container, according to the latest Shanghai Containerised Freight Index reading released today.
06 Nov 2014
Matson said growth in its core Hawaii market helped fuel increases in the carrier’s third-quarter volume, revenue and profit, and that it expects year-over-year improvement in the fourth quarter.
05 Nov 2014
Spot rates from Hong Kong to Los Angeles lost ground this week, but carriers on the trans-Pacific hope a Nov. 15 general rate increase will buoy the price per container once again.
03 Nov 2014
China’s containerized exports to the U.S. are showing significantly higher growth this year even as China’s economy is expanding at its slowest pace since the financial crisis and when 2014 may show the slowest annual growth since the early 1990s.
03 Nov 2014
Shippers are enduring the worst bout of congestion at Los Angeles-Long Beach in years, but some analysts who follow container shipping say the situation will soon improve.
03 Nov 2014
The much-hyped north-south liner routes aren’t living up to their billing as the future of container shipping in the new low-growth environment that followed the global financial crisis.
30 Oct 2014
Hanjin Shipping recorded its first quarterly net profit since the end of 2010 in a turnaround driven largely by cost cuts and currency gains that saw the Korean carrier posting third quarter net earnings of $39 million.
27 Oct 2014
HONG KONG — The impact of low freight rates was vividly illustrated in Orient Overseas Container Line’s third
24 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
22 Oct 2014
General rate increases in the trans-Pacific count on participation from all carriers to be successful, and are hurt when one carrier or several discount prices on the eve of a hike, Transpacific Stabilization Agreement executive administrator Brian Conrad says.
21 Oct 2014
In a reminder of the parking lot that the San Pedro Bay became during the 2002 lockout by the Pacific Maritime Association of ILWU workers, container ships are backed up once again off the ports of Los Angeles and Long Beach waiting for days for a berth as gridlock descends on the largest port complex in the Americas.