Hapag-Lloyd will add a direct port call at Bahrain to its South China Sea Express and Middle East Express services.
Trade Lanes
An overview of container trade, container lines and shipping line news.
News & Analysis
18 Jun 2013
The P3 Network announced today between Maersk Line, Mediterranean Shipping Co. and CMA CGM will have little or no impact on the glut of vessel capacity that has been depressing global freight rates, but will enable the world’s three largest container lines to substantially cut their operating costs on the Asia-Europe, trans-Pacific and trans-Atlantic trades.
18 Jun 2013
CMA CGM, Maersk Line and Mediterranean Shipping Co. have agreed to establish a long-term operational alliance on East–West trades.
17 Jun 2013
French carrier CMA CGM will increase rates on westbound cargo moving on its Epic service from India to North Europe and the Mediterranean, starting July 1.
17 Jun 2013
An outbreak of discipline among ocean carriers was the trigger for a 61 percent surge in spot freight rates on the Far East-Mediterranean route, according to industry consultant Drewry.
16 Jun 2013
Starting July 1, Evergreen Line will boost rates on its trade from the Far East, including Japan, and the Indian subcontinent to Europe.
16 Jun 2013
Hapag-Lloyd will boost rates for all cargo and container types in its trade from Northeast Asia to Australia, beginning July 1.
16 Jun 2013
Mediterranean Shipping Co. has plans to change its East Africa service rotation.
14 Jun 2013
Containerized exports from Far East Asia to the Indian subcontinent and the Middle East reached 646,600 20-foot-equivalent units in April 2013, the most TEUs exported in this lane since May 2012, according to data from Container Trades Statistics. Exports increased marginally month-to-month and year-over-year.
14 Jun 2013
The Shanghai Containerized Freight Index spot rates for U.S.-bound trade lanes experienced further declines in the week of June 14, the third straight week of declines in these lanes. Rates have reached their lowest in more than 15 months, lost all gains from recent GRIs, and face new increases scheduled for July 1.
Companies in the news
Jun 5, 2013 2:00PM EDT
Commentary
Ocean Carriers’ Internal Battle