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Decline continues to 2.2pc as Asia-Europe rate hits US$500/TEU
Sunday, 04.Dec.2011, 21:05
FREIGHT rates across all major trade lanes continued to fall last week, but the rate of decline slowed, following a series of announcements by carriers that rates will go up heading into the New Year.
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MSC-CMA CGM 'partnership' provides market share edge over Maersk
Sunday, 04.Dec.2011, 20:59
SHIPPERS have expressed concerns that they might have fewer choices in the wake of the recently announced MSC-CMA CGM operational partnership as the industry becomes dominated by the big three carriers that includes market-leading Maersk.
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CMA CGM still in black despite third quarter loss of US$223.8 million
Saturday, 03.Dec.2011, 00:27
MARSEILLES-based CMA CGM remained in the black despite a third quarter
loss of US$223.8 million, retaining a nine-month net profit of $13.2
million.
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MSC, CMA CGM to share fleets on Asia/Europe-Africa-South America routes
Friday, 02.Dec.2011, 23:11
GENEVA's Mediterranean Shipping Company (MSC) and Marseilles' CMA CGM
have decided to share their fleets to optimise operations in face of
growing dominance by the No 1 carrier, Maersk Line in Copenhagen.
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MISC Berhad (MISC) plans to sell 16 containerships as the company is exiting the liner business.
Wednesday, 30.Nov.2011, 23:56
According to MISC in a reply to Bloomberg, the company plans to conduct sales within about six months and any containership not sold in that period will be kept in “a short re-activation mode†until the end of 2012.
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Maersk scraps new ICON service to merge it into 'Daily Maersk' scheme
Wednesday, 30.Nov.2011, 23:45
MAERSK Line is preparing to "merge" its North Europe-Middle East-eastern India (ICON) service, marketed by Safmarine as Prime 2 within its Asia-Europe "Daily Maersk" network, starting from February 2012, according to Alphaliner.
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CMA CGM, Hapag-Lloyd, MSC levy rate hikes from mid-December and January
Wednesday, 30.Nov.2011, 23:24
MARSEILLES' CMA CGM, Germany's Hapag-Lloyd, and Switzerland's Mediterranean Shipping Company (MSC) have announced rate hikes independently.
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Maersk demands higher rates ex-Asia to Caribbean, Latin America
Wednesday, 30.Nov.2011, 23:15
MAERSK Line has unveiled plans to hike ocean freight rates from Asia to a destinations in Caribbean and Latin America from December 15.
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Cosco ups rates $200/TEU Asia-Europe, $600/TEU east coast South America
Wednesday, 30.Nov.2011, 23:10
COSCO has announced that it will raise rates from Asia to Europe and from December 26 and from the Far East to east coast South America from December 15.
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Container shipping to remain in negative territory for a while yet: Alphaliner
Wednesday, 30.Nov.2011, 01:29
ALPHALINER is predicting that with a few exceptions, shipping lines will end 2011 in the negative earnings territory, and it expects fourth quarter results will be weaker than in the third quarter, on the back of low volumes and crumbling freight rates with the winter slack season biting in.
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