Member shipping companies of the Transpacific Stabilization Agreement (TSA), on Thursday said that they will be seeking cumulative rate increases of around $800 to $1000 per forty foot equivalent units (FEU), between the 15th of March and 1st of May … Continue reading →

According to a transport survey, tighter bank financing has turned out to be the big threat for the shipping industry, with many looking for alternative funding like private equity for filling gaps amidst a worsening credit crunch. In the survey … Continue reading →

The recently formed G6 alliance of shipping carriers has sped up the launch of their Asia Europe service by one month to March’s first week, to coincide with the steep increases in freight rates across the world’s largest trade route. … Continue reading →

According to the recent Car Carriers report by Drewry, the rise in auto trade across the world has pulled the car carrier industry out of recession with much less damage as compared to what other shipping sectors had to experience. … Continue reading →

Macquarie’s analyst says that new shipping alliances and vessel layups will help push container shipping rates up over the coming months, however, many shipping lines will still struggle to regain profitability. Macquarie Capital Securities’, Hong Kong based head for Asia … Continue reading →

The Panama Canal, which is now being made deeper and wider, has triggered fears of diversion of trade from the West Coast ports. At present, container freight ships from Asia, carrying cargo ranging from toys to iPods, pull into San … Continue reading →

Maersk Line is all set to take increase in rates on Asia Europe trade lanes to a new high with the announcement of a $775 per TEU increase, effective from March 1. This increase by Maersk will push the freight … Continue reading →

Hanjin Shipping, the first among the major shipping carriers to release their financial report for 2011, said that their container operations took a loss of $487 million in the previous year as high fuel prices and low rates offset higher … Continue reading →

Transport operators might be planning to acquire more trailers in 1Q2012 as stronger freight shipments trigger a demand for capacity. According to a report by CK Commercial Vehicle Research, for-hire, government and private fleets in the United States are expanding … Continue reading →

The rising number of shipments for auto parts along with the recovery of demand for furniture has pushed up containerized imports in the United States by 2.4 percent during December, finally bringing the year to an end with a volume … Continue reading →