Crowley is continuing its investments in the U.S.-Caribbean-Latin American services by buying more than 4,300 pieces of equipment that will be used on its services connecting the Caribbean, South America and the U.S.
An overview of container trade, container lines and shipping line news.
News & Analysis
01 Jul 2015
U.S. containerized imports from South America are rising on a double-digit basis while U.S. exports to the region stagnate, a recent trend that is narrowing the trade lane’s north-south imbalance and emboldening carriers to seek higher rates.
01 Jul 2015
Simatech has received the first of two new container ships with capacities of 4,350 twenty-foot-equivalent units, reflecting continuing and rapid intra-Asia trade demand.
01 Jul 2015
The Far East-South America trades are facing the threat of rate wars this month as carriers add significant additional capacity to an already oversupplied market, according to Alphaliner.
24 Jun 2015
Hapag-Lloyd is raising rates on the East Coast of South America to Central and North America trade lane amid a recent shakeup in vessel-sharing agreement.
23 Jun 2015
Shippers on the over supplied Asia-Europe trade appear to be honoring their service contracts with container lines even as the spot market tumbles to new lows every week.
22 Jun 2015
An Indian-flagged cargo vessel carrying containers sank in the early morning hours of Monday about 40 nautical miles off the Mumbai coast, according to Indian maritime agencies.
20 Jun 2015
The recent plunge in spot rates for trans-Pacific container shipments doesn’t reflect what cargo interests will pay as a result of recently negotiated service contracts with carriers for the coming year.
18 Jun 2015
Next year’s expansion of the Panama Canal could boost U.S. East Coast ports’ share of Asian containerized imports by as much as 10 percentage points, according to a new study that contrasts with more conservative forecasts.
17 Jun 2015
An index measuring spot rates to ship a 40-foot container from Hong Kong to Los Angeles this week fell to a more than four-year low, a plunge somewhat explained in part by seasonal decline in demand, but still an ominous sign to carriers seeking general rate increases over the coming months.