After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up this week.
Hermann Yu, president of the Taiwanese container line Yang Ming Marine Transport, died at home on April 27, the company has announced. He was 59.
The U.S. Coast Guard Thursday gave its stamp of approval to two alternative methods for obtaining certified container weights to comply with new international regulations.
Intra-Asia trade will increasingly benefit from the rapid growth of consumption in Asia as a higher percentage of cargo is shipped to end markets in the region instead of to destinations in other parts of the world.
CMA CGM, the third-largest global container line, got the go-ahead on Friday from the European Union to acquire Neptune Orient Lines, the parent company of APL, but with one condition.
Spot freight rates on the Shanghai-North Europe and Asia Mediterranean trades shot up this week.
Technology is playing an increasing role in the management of freight rates.
Long-awaited guidelines on how China will implement the SOLAS container weight rule have been released.
The Port of Houston has announced how it will handle the SOLAS verified gross mass rule.
Japan’s three largest container lines mostly reported dismal financial results for fiscal 2015 on Thursday.