Search results for: East-West trade

131622 results

A list of search results

  • 13 April 2016

    Pacific contracts currently being negotiated by many transpacific exporters and importers are to be hit by further fall in rates during the second quarter of 2016, shipping consultancy Drewry expects. The forecast comes as ocean freight rates for cargo moving under contracts on the major East-West trade routes have already dropped by 20% in the […]

  • 19 December 2016
    Business & Finance

    Ocean freight rates for cargo moving under contracts on the major East-West trade routes saw a reversal of trend in 4Q 2016, according to Drewry’s Benchmarking Club, a group of 50 multinational retailers and manufacturers who monitor their contract freight rates. The Drewry Benchmarking Club Contract Rate Index, based on average Transpacific and Asia-Europe contract […]

  • 11 April 2019
    Business & Finance

    Drewry: US auto tariffs would negatively impact key U.S. ports, container lines and car carriers.

  • 6 February 2017
    Business & Finance

    Danish shipping giant Maersk Line and German container shipping line Hamburg Süd have reached a slot purchase agreement for Hamburg Süd’s volumes on the East-West trades to be shipped on vessels in the 2M network. Due to changes in the global liner alliances, the agreement follows commercial negotiations in anticipation of the termination of Hamburg Süd’s current […]

  • 19 April 2017
    Business & Finance

    With the launch of the new carrier alliances on the east-west trades on April 1, 2017, the demand for vessels and the final tally of containership tonnage is set to increase by 5% in TEU capacity and by 4% in vessel count compared to March, according to Alphaliner. Compared against the peak season deployment of summer 2016, […]

  • 16 June 2016
    Business & Finance

    As the price war between container shipping companies persists, contract rates in the major East-West trade routes are expected to see at least a 30 percent decrease for new contracts starting from the second quarter, shipping consultancy Drewry said. “The price war between carriers in the container shipping market continues and this is, for now, resulting in substantial reductions […]

  • 10 July 2014
    Business & Finance

    Maersk Line and Mediterranean Shipping Company (MSC) have signed a 10 year Vessel Sharing Agreement (VSA) on the Asia-Europe, Transatlantic and Transpacific trades. The VSA will be referred to as 2M, and it replaces all existing VSAs and slot purchase agreements that Maersk Line has in these trades. The VSA will include 185 vessels with an estimated capacity […]

  • 26 April 2017

    As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s data, totaling in 4.8 percent of the total fleet. The major plunge from close to 1.6 million TEU at the start of the year is evident across the boxship fleet sizes. Most significantly, the 3,000-6,000 TEU segment had 130 […]

  • 26 September 2014
    Business & Finance

    China Harbour Engineering Company (CHEC) has been chosen to build a new port in Ashdod, The Times of Israel reports. Israeli Prime Minister Benjamin Netanyahu said during the signing ceremony that the new facility will serve as an important link in a new east-west trade route. Construction works on a 1,000m pier and 2.8m of […]

  • 3 July 2017

    Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand. Freight rates have experienced a solid rebound from the 2016-lows, with rates for all trade […]

  • 18 July 2013
    Business & Finance

    PortMiami kicked off its Countdown to the Panama Canal 2015 campaign with a flag exchange between the U.S. and Panamanian officials that heralded the coming Post-Panamax era as one of the most important things to happen in shipping in the last century. Ambassador to the U.S., Mario Jaramillo, and Panama Canal Authority V.P. Rodolfo Sabonge […]

  • 16 July 2013
    Business & Finance

    PortMiami kicked off its Countdown to the Panama Canal 2015 campaign today with a flag exchange between the U.S. and Panamanian officials that heralded the coming Post-Panamax era as one of the most important things to happen in shipping in the last century. Ambassador to the U.S., Mario Jaramillo, and Panama Canal Authority V.P. Rodolfo […]

  • 14 November 2012
    Business & Finance

    Trade and the make or break issues impacting its growth were the focus of a transport and logistics roundtable discussion hosted by DP World this week to contribute to the World Economic Forum Global Agenda Council meetings currently being held in Dubai. In a lively debate under the umbrella theme of “Challenges Facing Trade and […]

  • 10 July 2017
    Business & Finance

    Having been one of the few fast-growing segments in the containership industry until recently, the idle containership fleet has since gone on a crash diet, according to shipping consultancy Drewry. The idle fleet has shrunk from 1.7 million TEU in November 2016 to under 500,000 TEU as of June 2017. This is welcome news for carriers […]

  • 30 November 2016
    Business & Finance

    Container shipping giants Maersk and CMA CGM are the two frontrunners in the race for Hamburg Süd, but the high asking price could prove to be the main stumbling block, according to container shipping analyst Alphaliner. The potential sale of Hamburg Süd is attracting interest among top-tier ocean carriers, Alphaliner said. The largest obstacle to […]

  • 4 October 2013
    Business & Finance, Equipment, Technology

    The opening of the expanded Panama Canal is fast approaching. The countdown is on, and PortMiami, the first port of call on the Asia-to-US route via the Canal, will be the only Atlantic Seaboard port south of Norfolk, Virginia with a channel deep enough to accommodate the super-sized container cargo vessels that will begin passing […]

  • 20 February 2014
    Business & Finance

    Members of the G6 Alliance today released details on port rotations for the proposed service expansion to the Asia-North America West Coast and Trans-Atlantic trade lanes, announced in early December last year. Subject to the completion of regulatory review process, the 17 services are scheduled to start in the second quarter of 2014. “The G6 […]

  • 31 January 2020
    Business & Finance

    ONE remains in the black for three consecutive quarters.

  • 16 March 2017
    Business & Finance

    The heads of Maersk Line, Mediterranean Shipping Company (MSC) and Hyundai Merchant Marine (HMM) signed an agreement on March 15 thereby officially launching the parties’ strategic cooperation on East-West trades. This strategic cooperation between 2M and HMM, has a length of three years with an extension option, includes a series of slot exchanges and slot […]

  • 24 May 2018
    Business & Finance

    Hyundai Merchant Marine is ending its two Transatlantic loops to concentrate on its core trades.

  • 13 May 2016
    Business & Finance

    Global carriers Hanjin, Hapag-Lloyd, “K”Line, Mitsui O.S.K. Lines, Nippon Yusen Kaisha and Yang Ming have agreed to create a new alliance, the companies announced today, confirming market rumors. As disclosed, the alliance will be covering all East-West trade lanes namely, Asia-Europe/ Mediterranean, Asia-North America West Coast, Asia-North America East Coast, Transatlantic and Asia-Middle East / Persian […]

  • 21 May 2015
    Business & Finance

    Container service reliability reached a data-series high in April with the aggregate on-time performance for the three key East-West trades rising to 67.6%, up by 4.1 percentage points on March, according to Drewry’s Carrier Performance Insight. The previous best since Drewry’s new data series started in May 2014 was achieved in October last year (64.3%) after […]