Author Archives: Scott Cook

The member shipping companies of the G6 Alliance said on last Wednesday, May 2, that they will not be reinstating Loop 2 of their seven Asia Europe services, which the six carrier members had intended to launch this April. The … Continue reading →

According to figures published on Pacific Maritime Association’s website, ports on the West Coast recorded an increase of 7 percent in the amount of loaded containers handled in March, in comparison to the same month, during the previous year. In … Continue reading →

According to Macquarie Equities Research, Chinese containerized exports, after a slack beginning this year will start to improve in this quarter, helping push up the growth in average throughput to 9 percent at Chinese ports in 2012. Macquarie’s analysts pointed … Continue reading →

American Feeder Lines (AFL), which had earlier suspended its nine month old feeder service to Portland, Maine and Boston from Halifax, is shutting down. Chief Operating Officer for the New York based carrier, Rudy Mack said, “We had to pull … Continue reading →

Maersk is planning on implementing a series of GRIs (general rate increases) across major trade lanes. These rate increases are all set to come into effect in mid-May. The Danish carrier announced a freight rate increase of $100 per container … Continue reading →

Prices of diesel dropped for the third straight week across the United States, falling by 1.2 cents during the week ending April 30, as prices of oil rose slightly higher than the $4 a barrel mark. In the week ending … Continue reading →

Trans Pacific spot rates eased a bit last week, after its 19.9 percent upsurge in the week earlier, following the shipping carriers’ mid-month GRIs (general rate increase). The Drewry Container Rate Benchmark went down by 2.8 percent last week, settling … Continue reading →

According to the recently released strategic plan for 2012-2017, the Port of LA will be investing billions on transportation infrastructure in order to hold its rank as the largest container port in the US. The container business at the Port … Continue reading →

Imports in the US rebounded in March after dropping February on difficult year over year comparisons due to the early closing of Chinese factories. Overall, containerized imports in the US jumped to 1.37 million TEUs (20 foot equivalent units), a … Continue reading →

According to the Drewry Hong Kong Los Angeles Container Rate Benchmark, spot rates on the trans Pacific trade routes jumped 19.9 percent last week, a sign that the April 15 rate hikes introduced by the carriers are sticking. The Drewry … Continue reading →