Search results for: Transpacific

316 results

A list of search results

  • 14 March 2019
    Business & Finance

    Shipping lines do not plan capacity increases on the Transpacific route.

  • 15 November 2016
    Business & Finance

    Switzerland-based Mediterranean Shipping Company (MSC) has revealed plans to launch a new service, the Sequoia service, on its Transpacific West Coast USA & Canada route, starting from December this year. The Sequoia service represents MSC’s sixth Transpacific service and will connect South China with California’s Long Beach. The service will start operating from Chiwan, China, on […]

  • 5 June 2013
    Business & Finance

    Maersk Line, MSC and CMA CGM now have such big economies of scale in the transpacific that they can ride out the current eastbound freight rate war more comfortably than the rest of the pack, should they choose to do so. Recent vessel deployment in the transpacific by Maersk Line, MSC, and CMA CGM suggests […]

  • 14 February 2020
    Business & Finance

    PIL is to withdraw its services from the Transpacific market to optimize network efficiency.

  • 7 December 2018
    Business & Finance

    Alphaliner: Container cargo surge on the eastbound Transpacific route is set to recede in the coming weeks.

  • 28 July 2016
    Business & Finance

    This year’s weak market conditions in the Far East – North America transpacific trade have claimed another casualty as the French shipping company CMA CGM, Germany-based Hamburg Süd and United Arab Shipping Company (UASC) decided to withdraw their joint Far East – USEC Vespucci/ APNE/NEU 1 service, according to Alphaliner. The companies now plan to […]

  • 8 September 2016
    Business & Finance

    Starting from September 15, 2016, Switzerland-headquartered Mediterranean Shipping Company (MSC) plans to launch a new service on the Transpacific Trade in an effort to “assist shippers following the recent Hanjin announcement.”  The move comes after the South Korean shipping company, Hanjin Shipping, decided to file for court receivership on August 31, 2016. MSC’s new Maple service will include […]

  • 9 December 2014
    Business & Finance

    Danish liner giant Maersk Line revealed plans to close its current TP5 service as of January 15th, 2015 amid unprofitable results. The decision includes suspension of direct Taiwan Express product to the Pacific Southwest as of January 1st, 2015 as well. Maersk Line said that this does not mean that the company’s commitment to the Transpacific […]

  • 21 December 2016
    Business & Finance

    Israel’s shipping company Zim Integrated Shipping Services (ZIM) will operate as an independent carrier on the Transpacific route, eschewing the vessel sharing arrangement that it currently has with the G6 partners, according to Alphaliner. To be implemented concurrently to the alliance reshuffle in April, the East – West program which ZIM announced for 2017 will feature a […]

  • 28 October 2019

    The underlying strength of the US economy gives confidence in the longer-term prospects for the Transpacific.

  • 12 November 2018
    Business & Finance

    Drewry: The Transpacific trade – sometimes stop, sometimes go – is currently the most unpredictable container trade.

  • 18 December 2014
    Business & Finance

    Transpacific container lines asked on Wednesday for a USD 600 per 40-foot container (FEU) general rate increase (GRI) for all origin and destination points, along with reinstatement of a USD 400 per FEU peak season surcharge (PSS) in anticipation of a possible pre-Lunar New Year cargo surge. Transpacific Stabilization Agreement (TSA) Executive Administrator Brian Conrad […]

  • 6 December 2017
    Business & Finance

    Container carriers will be looking at increasing the Transpacific contract rate levels towards 2018.

  • 16 November 2017
    Business & Finance

    Decreased freight rates in the Transpacific Eastbound trades, which were hurt by low vessel utilization, could continue in the fourth quarter of the year, according to a report by SeaIntel. Despite a demand growth of more than 10% year-on-year, the recently-ended 2017 peak season saw Transpacific freight rates seriously underperform expectations as carriers deployed vessels which were […]

  • 16 January 2020
    Business & Finance

    THE Alliance has unveiled an expanded service network for 2020 as it is welcoming HMM.

  • 25 January 2019
    Business & Finance, Equipment

    Hawaiki and PacketFabric have signed a strategic partnership to provide transpacific capacity on the Hawaiki submarine cable system and extend the reach of PacketFabric’s Software-defined Networking (SDN) platform into APAC. Launched in July 2018, the Hawaiki transpacific cable is a 15,000 km fibre optic deep-sea, carrier-neutral cable with a design capacity of 67 Tbps. With […]

  • 19 January 2015
    Business & Finance

    Anticipating strong pre-Lunar New Year shipments from Asia to the U.S., container lines in the Transpacific Stabilization Agreement (TSA) proposed a USD 600-per-40-foot container (FEU rate) increase for all origins and destinations. The rate increase is expected to take effect on February 9, 2015. According to TSA members, the increase is intended to ensure that carrier […]

  • 22 November 2010

    Fifteen of the world’s largest container lines plan to seek rate hikes of US$400 per feu on eastbound transpacific trades to US west coast ports from next May. Member shipping lines in the Transpacific Stabilisation Agreement (TSA) claimed the early end to this year’s peak season had left the trade “lagging, relative to other Asia […]

  • 7 February 2011

    Transpacific carriers claim that rate hikes planned for this year will be justified by growing cargo demand, while late vessel deliveries and equipment shortages could temper predicted capacity increases.

  • 9 May 2017
    Business & Finance

    On May 5, Global Container Terminals (GCT) Canada welcomed Antwerpen Express, the largest container vessel to call the country at GCT Deltaport, located in the Port of Vancouver. Owned by German shipping company Hapag-Lloyd, the 13,200 TEU ship has been deployed in THE Alliance’s Transpacific mainline West Coast PN3 service. The 142,295 gross ton boxship […]

  • 28 November 2014
    Business & Finance

    Mainlane container trade volumes are expected to grow by 8% on the peak leg Far East-Europe route and by 6% on the peak leg Transpacific route in full year 2014, according to London-based shipbroker Clarksons. Stricken by global financial crisis, the global container volumes plunged in 2009, trying to recover ever since. The first stronger sign […]

  • 25 January 2018
    Business & Finance

    The Transpacific Stabilization Agreement will close its doors on February 8, 2018.