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Thursday, 23.May.2013, 03:20 (GMT+3)

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What you expect from freight market in 2013?

	Better than 2012.
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	Continue recovering.
	Steady up.
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MARKETS

Transpacific GRI disappoints carriers
Thursday, 02.Aug.2012, 00:28

The Drewry Hong Kong-Los Angeles container rate benchmark, published in the latest Container Freight Rate Insight report, increased by just 3% to US$2,452 per 40ft container this week, showing that the carriers’ announced US$500 rate increases have had limited effect on rates, so far.

Danaos profit and revenue surges despite stagnation in container market
Wednesday, 01.Aug.2012, 01:14

GREEK containership lessor Danaos Corporation posted 36 per cent pre-tax profit increase in second quarter to US$106.7 million year on year, drawn on revenues of $146.7 million, up 28 per cent.

Cosco warns that first half financial loss will be worse than last year's
Wednesday, 01.Aug.2012, 01:02

CHINA Cosco has issued a profit warning, saying it expects to post a first half 2012 net loss that will be more than 50 per cent higher than the CNY2.8 billion (US$439 million) loss it made in the first half of 2011.

'K' Line narrows net loss, shows improvement despite stagnant box market
Wednesday, 01.Aug.2012, 00:56

JAPAN's "K" Line, the world's 15th biggest box carrier, narrowed its quarterly net loss for the three months ending June 30 to JYN700 billion (US$8.9 million) compared the JYN3.7 net loss it suffered last year - while at the same time posting an operating profit of JYN4.1 billion over last year's corresponding quarterly operating loss of JYN9.9 billion.

MOL suffers US$64 million quarterly loss while revenues increase 8.59pc
Wednesday, 01.Aug.2012, 00:49

JAPAN's largest container carrier, Mitsui OSK Lines (MOL), has posted a JPY5 billion (US$64 million) loss in the first quarter of fiscal year 2012 from April 1 to June 30, narrowing its JPY8 billion quarterly loss last year.

Shipping assets plunge unparalleled: HSBC
Tuesday, 31.Jul.2012, 01:35

A plunge in the price of ships as assets, caused by a collapse in global growth just after owners had placed record orders for new vessels, has no historical precedent, according to HSBC Shipping Services,the consulting and shipbroking unit of the bank.

Asia-Europe spot rates rise 3.4pc to US$1,728/TEU ahead of August GRI
Monday, 30.Jul.2012, 08:42

THE proposed general rate increase (GRI) for August on the Asia-Europe trade appears to have had an impact as spot prices on the trade rose 3.4 per cent to US$1,728 per TEU, according to the Shanghai Containerised Freight Index (SCFI).

Freight rate decline attributed to BAF cuts, not supply and demand
Saturday, 28.Jul.2012, 10:11

THE recent decrease in freight rates has been prompted by the reduction in fuel surcharges rather than a supply and demand imbalance, according to Copenhagen-based consultancy SeaIntel Maritime Analysis.

Drewry: Transpac rates fall 2.6pc, but still remain 46pc up on last year
Thursday, 19.Jul.2012, 19:56

AVERAGE spot rates on the eastbound transpacific trade declined 2.6 per cent this week, falling for the third consecutive week since the peak-season surcharges come into effect from June 10.

Asia Shipowners: Panama toll hikes menace shipping sector, canal users
Friday, 13.Jul.2012, 11:09

SINGAPORE-based Asian Shipowners' Forum (ASF) is urging the Panama Canal Authority (APC) to withdraw its scheduled toll increases for this year and next because they menace the future of the shipping industry and the canal users.

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