The series of blank sailings is intended to shore up freight rates that have dropped to around $900-$1,000 per FEU from about $2,400 per FEU at the beginning of the year.
News covering containerized shipping trade routes from Asia to South America, including analysis, data and articles.
06 Mar 2020
Shippers and transportation providers are hoping the 2019 European Union–Mercosur free trade agreement will finally bring some much-needed stability to the northbound South America–Europe trade lane, but lawmakers in Europe are having a tough time ratifying the deal.
22 Jul 2019
Cosco had a 10.3 percent share of capacity on the east coast of South America-to-Far East route earlier this year, and has plans to grow that with extra loaders and bigger vessels through the remainder of 2019.
25 Jun 2019
Asia to East Coast South America rates are on the rise, despite capacity rising by almost 8 percent this year.
16 Oct 2018
Although still in the early schedule-setting process, a likely new joint venture will leave Asia-east coast of South America shippers with fewer, larger ships and one less service, so says a shipping industry expert.
18 May 2018
Although volumes and rates on the Asia to east coast South America trade are rising, capacity is not keeping pace, and one substantive business model reason may be at the heart of why ocean carriers are reluctant to ramp up service.
11 Apr 2018
Shippers looking to send goods from Latin America west — especially from Mexico — to China and the Far East, and in the other direction, have a growing list of options after the launch of three new services.
05 Feb 2018
Price-wise, the Asia to East Coast of South America is one of the most volatile trade lanes in global trade — which is why analysts argue shippers should not use the trade’s spot rate to predict May service contract rates.
31 Jan 2018
Hamburg Süd has withdrawn from a vessel-sharing agreement on the Asia-west coast of South America routes and will offer new services on the fast-growing trade.
28 Jun 2017
The long-neglected south Brazilian port of Imbituba has secured its first deep-sea contract in more than two years.
26 Jun 2017
The Cape Sounio is the largest vessel in the Israeli ocean carrier’s fleet.
21 Jun 2017
Freight rates on the trans-Pacific have fallen well off levels reached in the fourth quarter of 2016 as carriers in the highly competitive trade route chase after market share.
12 Jun 2017
Freight rates are soaring.
29 May 2017
Rates on Asia-South America East Coast has soared to its highest level ever recorded as disciplined capacity management by carriers continues to support the spot market.
17 May 2017
Although vessels of more than 9,000 TEU have called at Santos, they have not been as long as the Hyundai Loyalty.
01 May 2017
All-in freight rates on the Asia to ECSA trade lane appear to be settling in at levels at least double what they were during the last bidding season.
05 Nov 2016
Freight rates are on the rise on the Asia to east coast of South America trade lane following a drastic reduction in capacity.
21 Jul 2016
APM Terminals and port owner Cearaportus hope to turn the Brazilian Port of Pecem into a regional east coast South America hub.
11 Jul 2016
Spot freight rates on the Asia-east coast South America trade are “going through the roof.”
01 Feb 2016
In an increasingly uncertain container shipping market, price volatility is one of the few entirely predictable things left, was Drewry’s wry assessment of the wildly fluctuating freight rates on East-West trades.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
26 Nov 2015
Mitsui O.S.K. Lines, one of Japan’s three largest shipping firms, is thinking of withdrawing from the Asia to east coast of South America trade.
03 Sep 2015
Hyundai Merchant Marine has launched a new service connecting Asia and the west coast of Latin America.
01 Jul 2015
The Far East-South America trades are facing the threat of rate wars this month as carriers add significant additional capacity to an already oversupplied market, according to Alphaliner.
05 Jun 2015
Container ship lines are shaking up their alliances operating between Asia and the West Coast of South America.
19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
05 Dec 2014
Multiple container lines plan to attempt general rate increases in numerous trade lanes in December and January, although any gains achieved could be temporary as overcapacity and sluggish global demand continue.
03 Nov 2014
Canceled sailings and shrinking volumes are injecting more volatility on the Asia-east coast South America trade, Drewry says.
03 Nov 2014
The much-hyped north-south liner routes aren’t living up to their billing as the future of container shipping in the new low-growth environment that followed the global financial crisis.
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.
31 Jul 2014
Mitsui O.S.K. Lines Ltd. reported a sharp deterioration in its container-shipping financials for its fiscal first quarter ending on June 30th and said that rates during the remainder of its year would not recover to the degree it had projected.
28 Apr 2014
The opening of the enlarged Panama Canal in 2016 likely will trigger a “massive” surplus of 4,000- to 5,000-TEU container ships, many of which will have to be scrapped regardless of their age, according to Drewry Maritime Research.
31 Jan 2014
Container ships arrived at their destination ports across the globe on time 73.7 percent of the time in December 2013...
23 Dec 2013
Hapag-Lloyd and CSAV have much to gain by joining forces, but the German and Chilean ocean carriers will face difficulties striking a financial deal, according to Drewry Maritime Research.
12 Dec 2013
Cascading of large container ships from the Asia-Europe market into North-South trades is significantly eroding pricing in those markets, according to Drewry.
22 Nov 2013
Major container lines have announced the following rate increases for a variety of trades slated to take effect in December and January.
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