CMA CGM, China Shipping Container Lines, Orient Overseas Container Lines and Pacific International Lines have plans to launch a joint service connecting Northeast Asia, Australia and New Zealand.
Neptune Pacific Lines, an ocean carrier specializing in the Australia/Oceania trade, has purchased Polynesian Shipping Line Limited, another carrier in the same market.
Multiple container lines have planned general rate increases in numerous trade lanes in the coming months, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Containerized footwear imports into the United States plummeted in the first half of 2014, although the industry is optimistic sales will pick up in the second half of the year.
Thousands of containers of agricultural products heading to Russia are still on the water, in limbo until shippers can find new destinations for their goods.
Carriers and other transport companies are doing their best to dispel fears of spreading the deadly Ebola virus as shipping continues between the virus-stricken countries of Liberia, Nigeria, Sierra Leone and Guinea and the rest of the world.
CMA CGM, the world’s third-largest container line in deployed capacity, plans to make a port on a French island in the Indian Ocean into a transshipment hub to serve markets in Africa, the company said in a statement.
Air and sea freight volumes in European east-west trade lanes have seen consecutive gains in recent months, but growth is expected to subside over the next six months, according to a new survey from the investment firm Stifel Nicolaus.
A good peak season will lead to a shortage of containers, with the inventory of new boxes standing at less than two months of the required levels, Singamas chairman Teo Siong Seng said in Hong Kong.
Singamas chairman Teo Siong Seng does not believe the antidumping and countervailing duty investigation the company is facing in the U.S. will have a lasting effect on its business.