Trade Lanes

Trade Lanes

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

Commentary

Rates in the trans-Pacific eastbound trade from Asia to North America are starting to resemble the paltry Asia-Europe and trans-Pacific westbound numbers. Within a couple weeks, we may have three-digit numbers for spot rates for 40-foot containers moving from China-based ports to Los Angeles and Long Beach. I can’t recall seeing rates this low in my 42 years in the business.

News & Analysis

04 Sep 2015
Freight rates on the spot markets continued their downward trend in early September, but shippers as well as carriers continue to say there will be a peak shipping season this year, and it will take place from October into early November.
04 Sep 2015
The KM Meratus Banjar 2 sank in the Java Sea, claiming the lives of two sailors.
04 Sep 2015
Spot freight rates on trade lanes from Asia to Europe and the Mediterranean held on to gains from the Sept. 1 general rate increase, rising for the second successive week, according to the latest reading of the Shanghai Containerised Freight Index.
03 Sep 2015
Hyundai Merchant Marine has launched a new service connecting Asia and the west coast of Latin America.
03 Sep 2015
CMA CGM and its partners in the Ocean Three Alliance are combining services to form a new string as carriers continue to try to reduce capacity on the oversupplied Asia-Europe trade.
02 Sep 2015
CMA CGM announced a Sept. 20 general rate increase of $500 per 20-foot-equivalent unit encompassing all cargo originating in Asia and heading to North Europe.
28 Aug 2015
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years.
25 Aug 2015
The G6 Alliance has withdrawn two more sailings on the Asia-Europe trade as the alliance has blanked 16 sailings in the past three months to staunch the bleeding in the trade’s freight rates.
24 Aug 2015
Short sea ship operator Herbilan Shipping is introducing a dedicated, regional container service between the Indian subcontinent and Myanmar to shorten transit times for shippers moving goods between each region.
22 Aug 2015
Container lines operating between the U.S. East and Gulf coasts and the west coast of South America have announced general rate increases for southbound shipments, despite flat volume through much of the year.