SPOT rates from Shanghai to the US west coast rose 1.5 per cent to US$2,021 per FEU last week and east coast rates were up 2.7 per cent to $3,204 per FEU, according to the latest Shanghai Containerised Freight Index (SCFI). The latest hike on …
INTERNATIONAL shipbroker Braemar Seascope has reported that 56 per cent of new containership capacity delivered over the past two years entered the Asia-North Europe and Asia-Mediterranean trades. It said that 2.6 million TEU of newbuilding capacity has been delivered over this period with 1.5 million …
THE world’s biggest container shipping company, Maersk Line, has stopped all cargo bookings from North Europe to Asia because it says it does not, and will not, have the eastbound slots needed until early May. That’s because, Maersk told shippers in its Weekly Highlight newsletter, …
CONTAINER shipping lines have idled five per cent, or 800,000 TEU, and more lay-ups are to come, says Maersk Line new CEO Soren Skou, who expects a million TEU to be laid up, a level not experienced since downturn year of 2009, said Reuters. Mr …
CONTAINER carrier schedule reliability improved in February, according to the latest report from SeaIntel Maritime Analysis. Reliability increased from 58 per cent in January to 60 per cent in February, the first increase in four months, American Shipper reported. SeaIntel considers a call on time …
GENEVA’S Mediterranean Shipping Company (MSC) has announced a planned general rate increase for transporting sea freight from the Far East to New Zealand. Effective April 15, the rate hike will be US$300 per TEU and $600 per FEU and for 40-footer high-cube. The rate increase …
COSCO Container Lines has announced plans to raise its container shipping freight rates from Asia to South America from April 15. The increase will be US$500 per TEU and $1,000 FEU, or 40-foot high-cube. The coming increase hike will apply to both dry and refrigerated …
SOUTH Korea’s Hanjin Shipping is adding two more loops to its current US west coast services with one connecting the Middle East and South Asia and the other with Japan. This involves the introduction of the PSG (Pacific South & Gulf) service that connects the …
SINGAPOREAN shipping line APL, and member of the NOL Group, has painted a revealing picture of the present state of the container shipping market by posting higher volumes, but declining revenues. For the year up until November 18, 2011, APL carried 2.6 million FEU, an …