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.
25 Aug 2014
Cargo is being rolled and space allocations are being cut on trans-Pacific eastbound services as capacity continues to tighten to the U.S. East Coast. Space to the U.S. West Coast is also extremely tight, shippers say, reflected in stronger volumes moving through West Coast ports.
24 Aug 2014
Carriers in the east-west head-haul trades may opt to cancel fewer sailings this year in response to reduced volumes of China during the country’s Golden Week holiday in early October.
23 Aug 2014
In the latest instance of drayage-related disruption, violence flared at Ningbo’s Beilun Container Port as thousands of striking truck drivers clashed with riot police and smashed the windshields of trucks crossing a picket line. The past week’s protests brought the world’s sixth-largest container port to a standstill, with carriers reportedly diverting ships.
22 Aug 2014
Another week of volatility in the spot market has brought container rates down over all of the major trade lanes, according to the latest readings of the Shanghai Containerized Freight Index.
18 Aug 2014
With vessels to the U.S. East Coast filled to capacity, and containerized imports to the West Coast also strong, carriers in the eastbound trans-Pacific intend to increase their rates...
18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
15 Aug 2014
Growing volumes to the U.S. East Coast caused by cargo diversions and peak-season demand have buoyed spot rates on the lane.
13 Aug 2014
Big gains in the spot rates from Hong Kong to Los Angeles began to erode this week, as a benchmark of the rate to the U.S. West Coast dropped $100 per container.
11 Aug 2014
It is becoming increasingly difficult for a shipper to determine which carrier in the eastbound trans-Pacific has the fastest transit time between two given ports, according to a new analysis from SeaIntel, a consulting firm.
11 Aug 2014
Hong Kong-listed Orient Overseas (International) Ltd. reported a first-half net profit of $181 million as revenue and volume at its liner shipping division OOCL increased even though revenue per 20-foot container fell more than 5 percent.