Carriers secure higher trans-Pacific contracts Trans-Pacific contract rates are much stronger than last year, though still not on par with rates in 2015. Trans-Pacific carriers generally secured annual service contract rates this spring that were higher than last year, bringing them closer to or at near break-even levels, but putting pressure on the lines to […]
Read More →Asia-ECSA contract prices doubling on spot rate strength
on May 1, 2017in Industry News
Asia-ECSA contract prices doubling on spot rate strength Spot rates from Asia to Buenos Aires and other destinations on South America’s east coast plummeted last year. With container lines and Brazilian shippers finalizing annual service contracts, all-in freight rates on the Asia to East Coast of South America (ECSA) trade lane and on the backhaul […]
Read More →BCOs slowly warming to multiyear contract, performance clauses
on May 1, 2017in Industry News
BCOs slowly warming to multiyear contract, performance clauses Container line reliability is a regular sore spot for shippers. Multiyear contracts and contract clauses allowing the reduction or striking of volume guarantees when carriers underdeliver provide beneficial cargo owners (BCOs) ways to reduce service and pricing volatility and time spent on bidding is slowing gaining interest […]
Read More →Car carrier, ro-ro operators set sights on project cargo
on April 29, 2017in Industry News
Car carrier, ro-ro operators set sights on project cargo Car carrier and ro-ro operators such as Wallenius Wilhelmsen, Hoegh, “K” Line, and Grimaldi have invested in a new generation of ships featuring adjustable decks and large openings for oversize cargo, and reinforced ramps that can handle loads of up to 500 metric tons. “When you […]
Read More →Brazilian ports hurt by general strike but less than feared
on April 28, 2017in Industry News
Brazilian ports hurt by general strike but less than feared Large crowds gathered throughout Brazil to oppose the policies of president Michel Temer. A general strike that brought Brazil to a standstill impacted the country’s ports, especially the largest port of Santos, less than originally feared. The strike hit Santos, which handles 36 percent of […]
Read More →Trans-Pac spot rates spike without GRI
on April 28, 2017in Industry News
Trans-Pac spot rates spike without GRI Carriers have been rewarded for their efforts to match supply and demand with a trans-Pacific spot rate jump without the pressure of a general rate increase. Spot rates in the eastbound Pacific this week went up for the first time since mid-January, and the increases were substantial — 21 […]
Read More →New alliance impacts on Southeast Asia ports emerge
on April 28, 2017in Industry News
New alliance impacts on Southeast Asia ports emerge The new alliances will cost Port Klang a substantial amount of throughput. Malaysia’s Port Klang will probably lose more than 10 percent of its annual throughput as a result of the alliance shifts, industry analyst Alphaliner believes. Klang is forecast to lose a total of six of […]
Read More →Asia-Europe rates rise sharply ahead of May 1 GRIs
on April 28, 2017in Industry News
Asia-Europe rates rise sharply ahead of May 1 GRIs Asia-Europe spot rates rose at the fastest clip in more than a month this week. Asia-Europe spot rates shot up 16 percent to a three-month high ahead of May 1 general rate increases, according to the latest reading of the Shanghai Shipping Exchange’s SCFI.The rate topped […]
Read More →Maersk, Microsoft team up to provide demurrage, disruption alerts
on April 26, 2017in Industry News
Maersk, Microsoft team up to provide demurrage, disruption alerts The Maersk Group has announced several technology initiatives in recent months. With the help of Microsoft, Maersk Line plans to roll out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo as it moves across the globle, […]
Read More →Maersk, Microsoft team-up to provide demurrage, disruption alerts
on April 26, 2017in Industry News
Maersk, Microsoft team-up to provide demurrage, disruption alerts With the help of Microsoft, Maersk Line plans to roll-out customer software applications in the third quarter that will help beneficial cargo owners track containers and manage cargo as it moves across the globle, including through customs. Ibrahim Gokcen, chief digital officer in the carrier’s logistics and […]
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