Trans-Pacific

Trans-Pacific

31 Jul 2014
Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.
SCFI: Asia-North Europe spot rate stood at $1,183 this week
06 Jun 2014
Spot rates from Asia to Europe were up for the first time in a month this week, according to the Shanghai Containerized Freight Index.
Drewry’s Hong Kong-Los Angeles container freight rate benchmark this week dropped to its lowest level since December 2013.
04 Jun 2014
Trans-Pacific spot rates continued a downward spiral this week, with the Drewry benchmark rate for shipping from Hong Kong to Los Angeles falling an additional $50.
The SCFI for the U.S. West Coast fell 3.0 percent in the week of May 30.
30 May 2014
Spot rates from Asia to Europe were mixed this week, while previous rate gains achieved in the Asia-to-U.S. lane were eroded, according to the Shanghai Containerized Freight Index.
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles fell 10 percent in the week of May 28.
28 May 2014
Rates in the trans-Pacific moved downward this week, with the Drewry benchmark rate for shipping from Hong Kong to Los Angeles falling 10 percent.
27 May 2014
Carriers on the Asia-Europe trade will have growth in China’s new export orders and growing factory output for support as they try to levy general rate increases in June.
The SCFI for North Europe fell 7.7 percent in the week of May 23.
23 May 2014
Spot container freight rates as measured by the Shanghai Containerized Freight Index dropped on the Asia-Europe lane for the second straight week, and Asia-U.S. rates declined after a week of minimal gains.
Drewry's Hong Kong-Los Angeles Container Rate Benchmark
21 May 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles rose by $150 in the week of May 21, the first movement in the rate in three weeks.
21 May 2014
The dramatic surge in the number of container ships scrapped in recent months is set to continue but will have minimal impact on the oversupply of vessels in the key East-West trades, according to Drewry Maritime Intelligence.
16 May 2014
Spot container freight rates as measured by the Shanghai Containerized Freight Index dropped on the Asia-Europe lane this week, but Asia-U.S. rates climbed.
16 May 2014
The ports of Los Angeles and Long Beach, which combined handle more than 40 percent of U.S. container trade, both reported double-digit monthly container import growth in April.
Ocean Carrier Rate Revision Roundup for May 16
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.