Ocean carriers delayed plans to introduce another round of rate increases on Asia U.S. routes. The carriers planned a $500 increase per forty foot container (40′), effective May 1, however the carriers feel that the market cannot accept another GRI and … Continue reading →

Ocean carriers are planning to introduce another round of rate increases on Asia Europe trade routes, making the most of the resilient spot market and a stronger than expected growth in cargo volumes, to move out of the critical zone. … Continue reading →

The Port of Long Beach and the Port of Los Angeles bounced back with a rise in container volumes in March, as Southern California ports recover from weak traffic in February. Imports at the Port of Long Beach rose by … Continue reading →

Maersk Line has resumed taking bookings for shipping cargo to Asia from North Europe after a booking suspension of almost a month. The Danish carrier had earlier said that it would suspend bookings for the Asia Europe trade lane until … Continue reading →

According to the latest Energy and Water Appropriations Bill, in the financial year 2013, US ports will get a federal aid for maintenance dredging worth $1 billion, the highest annual federal sum awarded for navigation work. The US House Energy … Continue reading →

The Westbound Transpacific Stabilization Agreement member container shipping lines have announced another round of rate increases for dry as well as reefer cargoes in an attempt to boost revenues on the US Asia trade lanes. The members of the Westbound … Continue reading →

According to reports from container market analyst Alphaliner, shipping carriers could be up against a short term funding call of as much as $20 billion, this year (2012) as they aren’t generating sufficient money for covering interest payments as well … Continue reading →

According to the Global Port Tracker report, which was released last Tuesday, import cargo volumes at major container ports in the US are expected to grow by 3.2 percent in April, as compared to figures of the same month in … Continue reading →

Prices of diesel across the United States, reached the highest mark since August 2008, during the week ending on April 9, rising up by six tenths of a cent, as prices of oil dropped to over $102 per barrel. The … Continue reading →

Michael Pram Rasmussen, Chairman of A.P. Moller-Maersk, while speaking to shareholders at the company’s annual meeting, said that Maersk Line expects losses this year, in spite of the recent increases in shipping rates. Rasmussen said, that the world’s biggest container … Continue reading →