Drewry’s Hong Kong-Los Angeles Container Rate Benchmark rose $250 this week, achieving almost 63 percent of a proposed $400 per-40-foot-container general rate increase by USL and CMA CGM set for May 21.
Trade Lanes
An overview of container trade, container lines and shipping line news.
News & Analysis
22 May 2013
Containerized export volume from Europe to North America reached 322,300 20-foot-equivalent units in March, its highest volume since July 2012 and the second highest volume in this lane since the JOC began collecting this data in January 2011, according to data from Container Trades Statistics, Ltd.
22 May 2013
Trans-Pacific container lines got a reprieve from sliding freight rates this week when they put a general rate increase into effect on May 21, but freight rates are likely to continue to slide in the major east-west trades because some carriers continue to slash rates after repeated GRIs in an effort to gain market share.
21 May 2013
Ocean carriers are paying a heavy price for failing to rein in capacity on the Asia-Mediterranean route despite the deepening economic crisis across southern Europe, according to shipping consultant Drewry.
20 May 2013
Zim Integrated Shipping Services will boost rates for all shipments on its trade from Asia to the east coast of South America, starting June 15.
20 May 2013
Containerized export volume from Australasia/Oceania to South and Central America steeply declined in March 2013, according to data from Container Trades Statistics Ltd.
20 May 2013
Cosco Container Lines will increase rates for all shipments, including refrigerated cargo, on its trade from the Far East to South Africa, starting June 17.
17 May 2013
Starting June 9, Cosco and ANL will jointly operate Sino Australia Service with six vessel deployments, including five vessels from Cosco and one from ANL.
17 May 2013
Mediterranean Shipping Co. will increase rates on three of its trade routes, effective June 1...
17 May 2013
Cosco Container Lines will hike rates for all shipments, including refrigerated cargo, in its trade from the Far East to South America’s east coast, starting June 14.
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Commentary
Ocean Carriers’ Internal Battle