South Korea’s Hanjin Shipping announced a second round of box rate hikes this year on its westbound Asia-Europe trade lanes. Hanjin, the world’s ninth…
World Container Index shows 114% rise in Asia-Europe box rate
The March 1 Shanghai-to-Rotterdam container freight rate assessment from the World Container Index (WCI), a joint venture between Drewry and The Cleartrade Exchange, showed…
CMA CGM announced on March 1 revenue restorations on the Asia-Europe market, both westbound and eastbound. The French container line said that a second…
OOCL hiking Southeast Asia-Australia rates from April 1
Orient Overseas Container Line (OOCL) is increasing freight rates for traffic from Southeast Asia to Australia effective April 1. The Hong Kong-based container line…
Rickmers-Linie, the Hamburg-based operator of heavy lift and project liner services, is expanding its market coverage in China and is enhancing its sales and marketing…
Johan Sigsgaard has been named the new Managing Director of Maersk Line Philippines effective Feb 29, replacing Sylvia Ding who was transferred to another…
WTSA lines announce April guideline rate adjustments
Container shipping lines in the Westbound Transpacific Stabilization Agreement (WTSA) have announced a new round of incremental dry cargo rate increases, part of their…
The A.P. Moller-Maersk Group saw 2011 revenue increase 7% to US$60.2 billion from $56.09 billion year-on-year due to higher oil prices and container volumes…
CMA CGM announced on February 23 its new general rate increases and rate restoration initiatives effective March 2012. From March 1, France’s largest container…
Singapore-based Neptune Orient Lines (NOL) announced a net loss of US$478 million in 2011, a big turnaround following net earnings of $461 million in 2010.…
Hong Kong-based Orient Overseas Container Line (OOCL) announced a partnership with Thailand’s Regional Container Lines (RCL) to launch a new China-Bangkok Service (CBS) that…
The Anscor Swire Ship Management Corp offices in Manila at the ground floor of TwoE-comCenter were recently inaugurated, attended by officials of the global…
Maersk Line slashes capacity on Asia-Europe trade by 9%
Maersk Line, the world’s largest container shipping company, is cutting its vessel capacity on the Asia-Europe trade by 9 percent, citing the oversupply of…
