Tag archives: containers

PSA container throughput performance for 2016

PSA International Pte Ltd (PSA) handled 67.63 million Twenty-foot Equivalent Units (TEUs) of containers at its port projects around the world for the year ending 31 December 2016. The ...

Rates have risen, but 2017 holds further uncertainty for container shipping market, warns Xeneta

Xeneta, the leading global benchmarking and market intelligence platform for containerized ocean freight, is forecasting further uncertainty for the global container shipping market in 2017. Although rates have risen significantly ...

Hapag-Lloyd intensifies activities in coffee transport

Coffee is one of the most widely traded goods in the world. Each year, roughly nine million tonnes are harvested globally and then exported across the world. About one in ...

North P&I Club supports Members in overturning 'detrimental' cargo carriage judgment

North P&I Club has helped restore the commercial balance between shipowners and cargo interests by successfully supporting a Member in its appeal against a UK High Court decision (10 ...

OCEAN ALLIANCE sets out network

Members of the OCEAN ALLIANCE, COSCO Container Lines, CMA CGM, Evergreen Line and Orient Overseas Container Line, today signed a document entitled the Day One Product, which sets out the ...

Japan's biggest shipping companies plan container merger

Kawasaki Kisen Kaisha, Ltd., Mitsui O.S.K. Lines Ltd., and Nippon Yusen Kabushiki Kaisha have agreed to establish a new joint-venture company to integrate the container shipping businesses (including ...

Maersk Container Industry manufactures 4,000 reefers for Seatrade

Seatrade has selected Maersk Container Industry as the main supplier for its expanding reefer container fleet. The 4,000 new Star Cool Integrated reefers will be equipped with the latest ...

Xeneta says shipper community reeling from Hanjin aftershocks

Xeneta’s global community of shippers is reeling from the impact of the demise of Hanjin Shipping, the world’s seventh largest containership operator. Xeneta crowd-sources shipping rate data from ...

Spot rates sky-rocket after Hanjin collapse

Spot container freight rates on the major routes from Asia soared by up to 42% yesterday following the collapse of Hanjin Shipping, data from the World Container Index reveals.

Rate ...

Growth in the leased container equipment fleet to slow

Following markedly slow growth of just 3.5% in 2015 due to decreased rental demand, the global leased container equipment operating fleet is forecast to increase by little more than ...

New container equipment prices to fall to record lows

Cheaper production and material costs as well as weaker demand has driven the price of new container equipment down to record lows and is forecast to fall further during 2016 ...

Spot rate trends on Asia-Europe see reversal

The downwards trend line in Asia-Europe spot freight rates has finally been reversed, as data from World Container Index Shanghai-Europe reveals yesterday.

Whereas the first four months of 2016 saw ...

MSC joins CMA CGM in backing TRAXENS

MSC Mediterranean Shipping Company, a world leader in global container shipping, has joined CMA CGM, in backing French start-up, TRAXENS.

Founded in 2012, TRAXENS has been developing unique solutions for ...

Maersk Line reroutes Asia - US East Coast service through the Panama Canal

Maersk Line will transform its TP12 service in to a standalone, around-the-world service that provides significantly faster transit times between Far East Asia and the US East Coast.

From the ...

Container shipping rates have bottomed out and forecast to rise

Container freight rates are forecast to rise modestly over the next 18 months from the all-time lows reached recently, but this will not be sufficient to rescue the industry from ...

Smooth transition to new weight rules at APM Terminals

With three days of terminal operations completed under the new Safety of Life at Sea Convention (SOLAS) Verified Gross Mass (VGM) Regulations, export cargo loading has proceeded without incident at ...

New ship safety rule to prevent loss of containers enters into force

A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship enters into force on 1 July 2016. It will assist ...

Xeneta sees no silver lining for container shipping in Brexit storm

Xeneta, the leading global benchmarking and market intelligence platform for containerized ocean freight, believes that the UK’s decision to leave the European Union will impact negatively on all parties ...

East-west shippers see cuts in their container contract rates

Ocean freight rates for cargo moving under contracts on the major East-West trade routes fell by another 18% between February and May, according to Drewry’s Benchmarking Club, a closed ...

AMSA: Container weight rules for safe and clean seas

From July 1, 2016, the Australian Maritime Safety Authority (AMSA) will implement changes to regulations for container weight verifications in the shipping industry, requiring shippers to provide a verified gross ...

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