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What will happen to container freight rates in 2011?
Increase.
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SHIPPING NEWS » CONTAINER

 
Drewry: Carriers hit on-time high with Maersk, Hanjin and Cosco leading
Sunday, 05.Feb.2012, 22:17

CONTAINER service reliability reached a new high in the final quarter of 2011 with an on-time average of 69 per cent across all the trades covered by the latest Drewry's Schedule Reliability Insight report.

 

Hanjin Shipping increases Asia-Europe rates US$700/TEU from March 1
Friday, 03.Feb.2012, 01:32
SOUTH KOREA's Hanjin Shipping, also the world's ninth largest carrier, has announced a rate restoration plan for various Asia-Europe services from March 1, saying today's rates cannot cover operating costs.
Cosco announces wide range of rate hikes and surcharges on main trades
Friday, 03.Feb.2012, 01:14
A general rate increase (GRI) will be applied to all westbound Asia-Europe cargo including reefers from Far East including Japan to the Indian subcontinent to north west Europe and the Mediterranean including Israel, Lebanon, Syria, North Africa and Black Sea ports.
MSC adds third of five 13,050-TEUers to Far East-north Europe Lion service
Thursday, 02.Feb.2012, 02:04
  GENEVA's Mediterranean Shipping Company (MSC) has received the third in a series of five ships ordered in October 2007 from the Daewoo Shipbuilding & Marine Engineering (DSME) in Korea to be chartered on its Far East-north Europe Lion service along with MSC Trieste delivered December 2011.
MOL, NYK and 'K' Line container losses exceed US$500 million Oct to Dec
Thursday, 02.Feb.2012, 01:53
JAPANESE big three carriers, MOL, NYK and "K" Line suffered common losses of more than US$500 million from October to December or the third quarter of their fiscal year 2011 ending March 31, 2012 due to low demand, soft rates, appreciating yen, high oil prices and oversupply problems.
CMA CGM, CSCL and UASC mass their mega ships on joint Asia-Mideast loop
Thursday, 02.Feb.2012, 01:47
MAJOR container carriers, CMA CGM, CSCL and UASC, have announced the re-arrangement of a joint CIMEX 1 Asia-Middle East service effective February 2 deploying some of the biggest ships in the world.
Maersk Line increases Asia-Europe rates US$775/TEU from February 15
Thursday, 02.Feb.2012, 01:37
MAERSK Line has announced it will increase Asia-Europe routes with a US$775 per TEU effective March 1, which is more than double the current spot market price.
Despite troubles, CSAV plans expansion after US$129 million share sale
Sunday, 29.Jan.2012, 19:33
CHILEAN carrier CSAV has raised a further US$129 million in share sales to total US$788 million towards its $1.2 billion capitalisation.
Maersk makes counter moves, adding and subtracting Asia-Europe capacity
Sunday, 29.Jan.2012, 19:30
MAERSK Line is to cut back capacity by 20 per cent on its Asia-Europe AE2 loop in March bringing its average capacity of 10,790 TEU to 8,612 TEU after adding a new service next month.
Splitting Zim into 2 units seen as way to relieve financial stress
Saturday, 28.Jan.2012, 10:47
THE Israeli government and trade unions have reportedly accepted proposals from Israel Corporation to split Zim Integrated Shipping into two units, one foreign, the other regional, according to London's Containerisation International.
CMA CGM to increase rates on range services throughout February
Saturday, 28.Jan.2012, 10:42
MARSEILLES' CMA CGM, the world's third largest container shipping company, has announced it will increase freight rates for a number of services between February and March.
  » Arkas Shipping becomes the representative for UAFL in Turkey
  » Turkon Line launches a new service between Turkey and the West Med
  » New Zealand: Dangerous Goods Containers Removed from Bow of Rena
  » CSAV container volumes drop in December but higher rates up
  » Maersk adds Jeddah and Izmit to subcontinent-Mediterranean ME service
  » Lawyer: Super postpanamax sinking would be a salvage, liability nightmare
  » MSC to hike west coast transpacific eastbound rate US$50/TEU from March
  » Canadian Forces boxes from Afghanistan arrive filled with sand and stone
  » Hainan POS buys Cosco slots to retain three weekly transpacific sailings
  » CSAV shareholders to inject US$347 million as carrier's ranking sinks



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News in Pictures

On Dec 14 2011 boxship Hyundai Confidence collided with capesize bulk carrier Pacific Carrier off Kwangyang. Pacific Carrier was loaded with coal, en route from Indonesia to South Korea, Hyundai Confidence was on CM4 Service (Asia – Middle East). Damages of Hyundai Confidence can be seen and appreciated on pics, while Pacific Carrier suffered heavy damages in Holds 5 and 6 area, with resulting water ingress.


Hot News
Drewry: Carriers hit on-time high with Maersk, Hanjin and Cosco leading
Hanjin Shipping increases Asia-Europe rates US$700/TEU from March 1
Cosco announces wide range of rate hikes and surcharges on main trades
MSC adds third of five 13,050-TEUers to Far East-north Europe Lion service
MOL, NYK and 'K' Line container losses exceed US$500 million Oct to Dec
CMA CGM, CSCL and UASC mass their mega ships on joint Asia-Mideast loop
Maersk Line increases Asia-Europe rates US$775/TEU from February 15
Despite troubles, CSAV plans expansion after US$129 million share sale
Maersk makes counter moves, adding and subtracting Asia-Europe capacity
Splitting Zim into 2 units seen as way to relieve financial stress

 
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