Trade Lanes

Trade Lanes

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

Commentary

In my 42-plus years in the industry, I’ve seen many variations of what we now call alliances — joint services, slot-charter arrangements, vessel-sharing agreements, alliances and now mega-alliances — and more no doubt will follow.

News & Analysis

Weekly wrap-up for Aug. 30, 2014
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.
The spot rate to the U.S. East Coast was $4,344 per 40-foot container this week.
29 Aug 2014
While some September 1 general rate increases seem to be successful, others have not taken hold, and spot rates in those lanes may drop to new lows.
Ocean carrier rate revision roundup for Aug. 29
29 Aug 2014
Several container lines have planned general rate increases in trade lanes in the next two months, but any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Maersk Kampala
29 Aug 2014
Global schedule reliability has declined for the first time in six months, as carriers continue to deal with congestion in North Europe and the U.S. West Coast, according to a new report from SeaIntel Maritime Analysis.
freezing ship in Arctic
27 Aug 2014
While the melting polar ice cap presents opportunities for carriers to take cheaper and faster cross-Arctic shortcuts between the Atlantic and Pacific oceans, the chilly routes represent a dilemma for the marine insurance industry.
Drewry’s Hong Kong-Los Angeles container freight rate benchmark was unchanged for the second week in a row at $2,075 per FEU.
27 Aug 2014
Spot rates in the trans-Pacific trade are holding steady as peak-season volumes continue to keep capacity tight on trips to the U.S. East and West Coasts.
26 Aug 2014
CSAV has announced plans to introduce a new weekly service, the IMEX Sling 1, connecting the Indian subcontinent, the Middle East and North Europe, starting in late October.
25 Aug 2014
Middle East-based Simatech Shipping has announced the launch of a fortnightly feeder service linking Dakshin Bharat Gateway Terminal, a new private facility in India’s Port of Tuticorin (V.O. Chidambaranar), with Colombo, Sri Lanka, starting this month.
Containers in port
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.