Asia-Europe spot rates start to slip after three-week rally Spot rates on the Asia-Europe and Mediterranean trades began to give back the gains from last week’s rate increases with little demand to support a sustained rate… Asia-Europe spot rates start to slip after three-week rally Journal of Commerce
Read More →Concentration of liner shipping a step towards recovery, say analysts
on November 4, 2016in Industry News
Concentration of liner shipping a step towards recovery, say analysts In the year 2000, the top five ocean liners controlled 35 percent of the world’s container capacity. By 2008, that had increased to 46 percent and by… Concentration of liner shipping a step towards recovery, say analysts Journal of Commerce
Read More →No way Taiwan lines will merge, Yang Ming chairman says
on November 4, 2016in Industry News
No way Taiwan lines will merge, Yang Ming chairman says Yang Ming Chairman Bronson Hsieh has scotched rumors that his carrier and Evergreen Line would consider merging as a wave of consolidation sweeps through the industry. The speculation surrounding the Taiwan lines was sparked by Japan’s… No way Taiwan lines will merge, Yang Ming chairman […]
Read More →NYK Line parent’s credit rating downgraded despite merger plan
on November 3, 2016in Industry News
NYK Line parent’s credit rating downgraded despite merger plan The credit ratings agency Moody’s has downgraded the rating for Nippon Yusen Kabushiki Kaisha, parent of NYK Line, saying that the decision to merge… NYK Line parent’s credit rating downgraded despite merger plan Journal of Commerce
Read More →Hanjin ship to call Long Beach for empty box pick-up
on November 3, 2016in Industry News
Hanjin ship to call Long Beach for empty box pick-up The backlog of empty Hanjin Shipping-leased containers in Southern California that has built up since the carrier declared… Hanjin ship to call Long Beach for empty box pick-up Journal of Commerce
Read More →Air France-KLM Cargo awash in red ink
on November 3, 2016in Industry News
Air France-KLM Cargo awash in red ink Air France-KLM Cargo’s third-quarter operating loss soared by almost a fifth from a year ago as it scrambled to downsize its unprofitable freighter operations against a backdrop of tumbling margins. The Franco-Dutch… Air France-KLM Cargo awash in red ink Journal of Commerce
Read More →Ocean Alliance unveils network for 2017
on November 3, 2016in Industry News
Ocean Alliance unveils network for 2017 The Ocean Alliance released its long-awaited network… Ocean Alliance unveils network for 2017 Journal of Commerce
Read More →Container shipping overcapacity forecast to worsen
on November 2, 2016in Industry News
Container shipping overcapacity forecast to worsen The growth in container shipping demand will trail the rise in container volume in coming years, leading the overcapacity in the shipping industry to significantly worsen — and perhaps double — by the end of 2020, according… Container shipping overcapacity forecast to worsen Journal of Commerce
Read More →Lufthansa Cargo stuck in the red as air cargo shows signs of recovery
on November 2, 2016in Industry News
Lufthansa Cargo stuck in the red as air cargo shows signs of recovery Lufthansa Cargo on Wednesday posted its sixth consecutive quarterly loss, but Europe’s largest air cargo carrier sounded a cautiously optimistic note for the final three months of the year. That optimism… Lufthansa Cargo stuck in the red as air cargo shows signs […]
Read More →Japanese shipping merger to create new major liner
on November 2, 2016in Industry News
Japanese shipping merger to create new major liner Decades of fierce rivalry between the three main Japanese ocean carriers ended with the agreement to merge their container operations that will propel the new entity into the league of the… Japanese shipping merger to create new major liner Journal of Commerce
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