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US-Asia lines recommend seasonal rate actions on proteins, hides
May. 9 | Oakland, CA– Container lines operating in the U.S.-Asia trade lane have proposed a set of non-binding guideline increases for freight rates covering frozen and chilled beef, pork and poultry, as well as animal hides, to coincide with upcoming contract...
Hapag-Lloyd sets Far East-N Europe eastbound and westbound rate hikes
May. 7 | Hapag-Lloyd will implement general rate increases for all cargo and container types from the eastbound and westbound Far East-North Europe slings, the German ocean carrier said. The freight rate hikes take effect on June 4. Rates for all cargo and all...
Asia-Europe box rates gain steam for third time
May. 7 | The westbound Asia-Europe box rates rose strongly last week, rising 19 percent even as pricing on the eastbound trans-Pacific trade remained unchanged, according to assessment from the World Container Index (WCI). The rise in Asia-to-Europe pricing is...
G6 Alliance drops plan for 7th Asia-Europe loop
May. 4 | The G6 Alliance announced on May 2 that it will not deploy the planned Loop 2 Asia-Europe service that was originally developed as part of the seven loops between Asia and North Europe to be jointly provided by the six members of the alliance. The alliance...
2GO books P626M loss in 2011
May. 2 | The 2GO Group, the Philippines’ largest shipping company, posted a net loss of P626 million for 2011 compared to the previous year’s loss of P755 million. The deficit was mainly attributed to rising cost of bunker fuel and came even after higher...
Hanjin PH delivers two ships
May. 2 | Hanjin Heavy Industries & Construction-Philippines (HHIC-Phil, Inc.) has delivered two more vessels this month, the 34th and 35th delivered from its Subic yard. Crude oil tanker M/T Brightway was delivered to Modmal Shipping Limited of Liberia while...
COSCO reports bigger net loss for Q1
Apr. 30 | China COSCO Holdings registered first quarter losses of CNY2.7 billion (US$430 million) for the year, compared to a loss of CNY502 million for the same period last year. COSCO, which runs Asia’s biggest container shipper by capacity, saw volume at its...
Maersk Line plans freight rate hikes on major trade loops
Apr. 28 | Copenhagen-based Maersk Line will impose a series of general rate hikes on key sea lanes beginning May. Maersk Line, the world’s leading container shipper, plans to raise cargo rates on these dates: May 1 Southeast Asia to Australia: US$500 per 20-foot...
Rickmers-Linie calls Myanmar
Apr. 27 | Delivered last year Baltic Winter is one of the latest vessels to join Rickmers-Linie’s India Service, now offering calls on inducement at the port of Yangon, Myanmar. With the lifting of trade sanctions, Rickmers-Linie is once again able to offer calls...
