Search results for: USWC

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  • 9 March 2015

    The US East Coast (USEC) ports, which have benefited the most from the West Coast labor contract dispute, seeing record monthly throughputs, should brace themselves for another shift in market dynamics. Spot rates from Asia to the USEC are now typically x2.1 higher than to the USWC, up from an average of x1.6 through 2013 and the first five months […]

  • 21 December 2015
    Business & Finance

    United States West Coast ports are not yet in a position to handle 18,000 teu containerships regularly and have much work to do in terms of improving productivity if they are to see them call on anything other than an ad-hoc basis, UK-based shipping consultancy Drewry believes. The opinion emerges as the French liner CMA […]

  • 5 June 2017
    Business & Finance

    South Korean shipping company Hyundai Merchant Marine (HMM) has seen a 67% year-on-year rise in its Asia-US volume in April 2017. The company’s volumes jumped from 10,733 TEU/WK to 17,932 TEU/WK in April after HMM formed a strategic cooperation with 2M. HMM’s Asia-US west coast (USWC) volumes were up by 73% in April 2017, rising from 7,604 TEU/WK to […]

  • 26 July 2017
    Business & Finance

    South Korean shipping major Hyundai Merchant Marine (HMM) saw a 77 percent surge in its Asia-US west coast (USWC) volume in June 2017, compared to the same month a year earlier. HMM’s Asia-USWC handling cargo rose year-on-year from 7,953 TEU per week to 14,055 TEU per week at the end of the month, the company said […]

  • 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 […]

  • 24 November 2014
    Business & Finance

    Some of the carriers that suspended their congestion surcharges last week for US West Coast ports have decided to push forward with their plans and introduce surcharges starting on or after November 26th. US Lines and Evergreen Line attributed to this decision the “deteriorating labour situation on the West Coast” which has reduced their respective […]

  • 14 April 2015
    Business & Finance

    Spot rates from Asia to the US East Coast are now typically 2.1 times higher than to the US West Coast, prompting three new weekly services from Asia to USEC, according to Drewry Supply Chain Advisors. First up, the CKYHE Alliance started a new Asia-USEC via Panama service with a maiden departure by the 4,211 TEU Ever […]

  • 5 October 2015
    Business & Finance

    Utilisation of vessels running from Asia to West Coast North America (WCNA) has remained above 90% this year, but negligible volume growth prospects, mostly due to migration of cargo to gateways lying east of the Panama Canal, has caused rates to fall, according to London-based shipping analyst Drewry. Back in the first half of 2012, imports from […]

  • 8 December 2014
    Business & Finance

     Ocean carriers have incurred huge additional costs in terms of speeding up ships on the westbound leg, chartering in tonnage and paying labour overtime and extra quay rent amid chronic congestion in the US West Coast ports, London based shipping consultant Drewry said. Twice in November they attempted to impose a congestion surcharge (PCS) of USD […]

  • 27 October 2016
    Business & Finance

    Switzerland-based Mediterranean Shipping Company plans to revise its services connecting Asia and US West Coast/Canada, starting from the middle of December 2016 with departures from Asia.  The services undergoing change are New Orient, New Eagle and Maple. MSC said its New Orient and New Eagle services will be renamed Orient and Eagle, respectively. Eagle trade […]

  • 7 September 2017
    Business & Finance

    Refinery outages caused by Hurricane Harvey have led to a jump in gasoline shipments from Asia to the US and Latin America, according to a report from Ocean Freight Exchange (OFE). The hurricane, which wreaked havoc on global oil markets as almost a quarter of US refining capacity was shut, has impacted Asia’s refined products as well […]

  • 25 January 2019
    Rules & Regulation

    According to the study, LNG provides a greater ROI than alternative compliance solutions.

  • 5 October 2015
    Business & Finance

    Utilisation of vessels running from Asia to West Coast North America (WCNA) has remained above 90% this year, but negligible volume growth prospects, mostly due to migration of cargo to gateways lying east of the Panama Canal, has caused rates to fall, according to London-based shipping analyst Drewry. Back in the first half of 2012, imports from […]

  • 16 December 2014

    Full ships eastbound, healthy revenue gains and an improving outlook for the American economy have enabled Asia-East Coast of North America (ECNA) trade lane to be one of the star performers in 2014, according to UK shipping consultant Drewry. After a month of modest growth in August, headhaul volumes bound for ECNA soared by 16.6% […]

  • 27 January 2015
    Business & Finance

    Container ships deployed on Transpacific routes have experienced delays of up to three weeks as congestion gridlocks the U.S. West Coast ports, according to Alphaliner. The current congestion is the worst one ever recorded in the U.S. history, and carriers are deploying additional vessels to lessen additional costs caused by the delays. Alphaliner explains that […]

  • 22 August 2019
    Business & Finance

    The company would contribute 519,000 TEU in ships to the network, Alphaliner cited HMM’s earlier revealed plans.

  • 4 July 2016
    Business & Finance

    Depressed rates and slowing demand during much of the second quarter have now forced the carriers to withdraw services in their Asia-West Coast North America loops – action which is quite unprecedented just ahead of the third quarter peak season, according to shipping consultancy Drewry. Cosco terminated its America-Asia Container (AAC) loop which connected North and […]

  • 29 June 2015
    Business & Finance

    Carriers are rushing to start new Asia to US East Coast services ahead of the opening of the wider Panama Canal, but unless carefully managed, they risk losing more of the East Coast freight rate premium, according to UK-based Drewry Shipping Consultants. The USD 5.2 billion project to widen the Panama Canal is nearing completion – to […]

  • 7 September 2016
    Business & Finance

    Danish shipping company Maersk Line plans to set up a new service between Asia and the United States West Coast, the TP1 service, effective September 15, 2016.  As part of the service, six vessels with a capacity of 4,000 TEU would be deployed per week. The TP1 service will be part of the 2M alliance’s network […]

  • 29 June 2015
    Business & Finance

    Carriers are rushing to start new Asia to US East Coast services ahead of the opening of the wider Panama Canal, but unless carefully managed, they risk losing more of the East Coast freight rate premium, according to UK-based Drewry Shipping Consultants. The USD 5.2 billion project to widen the Panama Canal is nearing completion – to […]

  • 8 October 2015
    Business & Finance

    Singapore-based container line APL is launching a new weekly U.S.-flagged service that will, as of November, connect North Asia with the U.S. West Coast. The port rotation of the service named Eagle Express (EX1) is: Qingdao – Shanghai – Busan – Los Angeles – Oakland – Dutch Harbor – Yokohama – Busan – Naha – Qingdao – […]

  • 20 April 2015
    Business & Finance

    Liner shipping service reliability across the three core EastWest trades hit a five-month peak in March with an aggregate on-time performance of 64%, according to Drewry’s Carrier Performance Insight. The latest result represents an 8.5 percentage point gain over February and is the second best average (after October 2014) since the start of the new […]