Container lines need further slow steaming, capacity idling to see profit
Profitability for the container shipping industry will remain elusive if carriers refuse to cut capacity to stabilize freight rates, warns Drewry Maritime Research. Though…
After cutting capacity on the Asia-Europe trade early this year, Maersk Line announced a further reduction “in view of declining demand,” but said the…
Hapag-Lloyd revises Far East-South America route for winter
Hapag-Lloyd announced the revision of its Asia-South America East Coast (ASE) service during the winter season. The Hamburg-based box carrier said in an official…
Mediterranean Shipping Co. (MSC) and Zim Integrated Shipping announced general rate increases (GRIs) for the Far East-Europe trade lane, which will take effect from…
The umbrella organization of domestic shipping operators is pushing for the installation of a new Maritime Industry Authority (Marina) administrator. The post has been…
Freight rates for PH banana exports to the Middle East up 25% due to capacity crunch
Apart from strict quarantine requirements in China, Philippine banana growers and exporters are facing yet another problem — limited vessel capacity and higher freight…
Philippine cargo throughput grew modestly in the first eight months of the year due to the strong performance of foreign cargoes, particularly exports. Data…
Ocean carriers calendar rate hikes for Asia-Europe trade
Box lines Hapag-Lloyd, OOCL, and CMA CGM have announced further rate hikes from early November. Hapag-Lloyd will raise freight rates for the Far East-Europe…
Annual operating costs for the container shipping industry rose in 2011 compared to the preceding year, propelled largely by greater crew spending, according to…
Oakland, CA– Container lines serving the Asia-U.S. trade lane reaffirmed their commitment to reversing 2011 and 2012 losses, and to raising the baseline for…
The Philippine tanker industry continues to show healthy volume and revenue growth, thanks to high demand for oil products. “The local tanker industry has…
Daily volume of empties up 50%; box deposit taking longer than usual Metro-based container depot operators in the Philippines are facing congestion after the…
Enough of Manila port development, say supply chain managers
Philippine-based supply chain managers support proposals to stop further development of Manila ports but are against putting a cap on cargo throughput passing through…
OOCL announces October rate hike on Europe-Asia route
Orient Overseas Container Line (OOCL), Hong Kong’s biggest shipping line, said it will impose a general rate increase (GRI) on its North Europe-Asia trade…
