Trade Lanes

Trade Lanes

An overview of container trade, container lines and shipping line news.

Commentary

With the exception of Zim Integrated Shipping Services, all traditional east-west carriers now are entrenched in alliances that cover all three east-west trades. That’s never happened, and, although the day-to-day impact may not be noticeable, it represents the next stage in the war for survival among carriers, and could have wider impact on the pricing of services.

News & Analysis

Ocean carrier rate revision roundup for Oct. 17
17 Oct 2014
Multiple container lines have planned general rate increases in numerous trade lanes in October and November, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
17 Oct 2014
Trans-Pacific carriers received a small boost from a planned Oct. 15 rate increase this week, the Shanghai Containerized Freight Index shows.
17 Oct 2014
Spot freight rates on the Far East-North Europe route have sunk to $705 per 20-foot container, down $33 on the previous week to a new low for the year.
17 Oct 2014
The Far East-U.S. East Coast container trade is shaping up as the potential “battlefield” of the future as an enlarged Panama Canal allows carriers to cascade larger ships from the Far East-Europe trade, according to Bimco.
15 Oct 2014
Drewry’s benchmark spot rate from Hong Kong to Los Angeles rose as a result of a mid-October trans-Pacific general rate increase this week, though analysts with Drewry Maritime Research believe the eastbound spot rate will remain stable in the coming weeks.
15 Oct 2014
The east-west ocean container trades will experience volatile spot freight rates through the end of 2015, according to Drewry Shipping Consultants.
15 Oct 2014
A record number of ship deliveries will combine with declining scrapping rates and mid-single-digit growth in volume to extend the gap between container ship supply and demand through 2015, according to a leading maritime research consultant.
14 Oct 2014
The Panama Canal Pilots Union will not try to renegotiate its contract with the Panama Canal Authority this year as both parties are allowed under the existing contract.
13 Oct 2014
Ocean carriers face an uphill struggle to achieve planned general rate increases in the Asia-North Europe trade in the coming weeks against a backdrop of plummeting spot rates, according to industry analysts.
13 Oct 2014
To understand how deeply the Asia-Europe trade is holding carriers’ bottom lines hostage, one just needs to look at the numbers. Spot freight rates on the head-haul westbound trade out of Asia slumped to just $822 per 20-foot-equivalent container unit in late September, according to the Shanghai Containerized Freight Index, less than half the $1,765 rate at the beginning of the year.