Container Shipping News

The intra-Asia trade continues to grow, attracting new services from carriers in the region.

The rate increases announced by several carriers may not have lifted rates by much, but they at least have prevented a slide deep in the low season.

Trans-Pacific rate volatility is likely to continue through 2018, as carriers add capacity and the Transpacific Stabilization Agreement loses another member.

APL was No. 13 on the trans-Atlantic trade in the first three quarters.

The Asia-Europe trade has seen greater volume and higher rates this year, but the backhaul trade has outperformed its larger headhaul counterpart.

The latest JOC port productivity data show call sizes continued to increase globally through the first half of 2017.

CMA CGM has completed its acquisition of Mercosul Line, kicking off a battle for control of the fast-growing Latin American market.

The capital injection from 257.7 million new common stock shares, at 10.18 New Taiwan dollar per share (about $0.34) is the third stage in the company’s recapitalization effort.

US import growth is expected to slow in 2018, after an impressive increase in 2017, but the National Retail Federation adds that a recession is not on the horizon.

Rates from China to the United States fell this week with ample capacity on the trade and demand starting to weaken.

“If we can harmonize the behavior of the actors in our supply chain and stop working at cross purposes, it will boost American economic growth and competitiveness.”

A closer look at contract extension talks for the US East and Gulf coasts suggests less cause for alarm.

The Cosco-OOIL deal took another giant step towards becoming the world's largest carrier in total liftings when it received approval for the takeover from the European Commission.

Maersk transports roughly 20 percent of India’s total containerized cargo.

Latin America leads Maersk's trade lanes in terms of capacity following the completion of the Hamburg Süd takeover, but rising demand is making the routes even more competitive.

Four shipping carriers will help steer the New York Shipping Exchange.

>The pottery, soil, and stone sector led in both imports and exports.

The coming month will tell whether carriers can keep capacity discipline beyond the surge ahead of Chinese factory closures.

Spot rates from China to Europe strengthened this week, but the surplus capacity in the trade and the reluctance of carriers to blank sailings will likely limit any sharp increases in the run up to Chinese New Year.

The merger will create a European-wide transportation company with 18 services.

Six months after the merger process started, UASC was integrated with German carrier Hapag-Lloyd.

The service fulfills a company goal of introducing weekly calls at Portland by 2020.

Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.

The new loop is well suited for the booming general consumer goods and garments industry in Bangladesh.

The cash infusion surpassed the company’s initial goal of raising $165 million.

New features in the nonprofit database of global container information will help identify containers that have changed hands, been stolen, or are tied up in bankruptcy court.

Growth in container shipping this year has been in volume, profitability and capacity, and the industry is heading for record loaded shipments this year.

CMA CGM is the latest carrier to post strong operating results as it announces an adjustment of its top leadership.

The post peak-season slump has continued for trans-Pacific spot rates, while Asia-Europe market prices flattened out this week.

ZIM's profitability turnaround continues as rising rates and volume in the peak season drive up its steadily improving financial results.

The last Mundra call is expected to be on Jan. 8.

Exports to the largest global consumer of wastepaper are in serious trouble.

The violations were centered on the ports of Shanghai, Tianjin, Qingdao, and Ningbo-Zhoushan.

The competitive service contract market has required major international carriers to make chassis available to many customers, despite carriers' vision to end chassis provision.

Spot rates from Asia to the West Coast this week fell at a clip nearly twice as fast as rates to the East Coast.

“We have seen freight rates remain fairly steady over the past year.”

Maersk Line has appointed the president of its Latin American and Caribbean operations to head its North American division.

Spot rates on Asia-Europe continue their weak season decline despite carrier efforts to raise prices.

Yang Ming and HMM have said it is too early to confirm whether mega-ships will be included on their order books.

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