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Container Shipping Line

Container lines earned $42 less per TEU

Notes US Trade based on USD per forty foot unit -FEU

The container shipping lines received an average rate 7% (USD 42) lower in 2016 than in 2015, if they operated in the spot market on all Shanghai Containerized Freight Index (SCFI) trade routes. This has primarily been due to the devastating low rates received in the first half of 2016, as the average rate received in H2 2016 was 22% higher than the rate received in H2 2015.   The freight rates managed to gain momentum through second half of 2016, due to measures taken from the shipping lines in terms of network optimisation, scrapping and more careful deployment around the peak season. As the freight rates increased through second half of 2016, 2/3 of the trades on the SCFI closed 2016 at a higher rate than in 2015 and three trade routes hit the highest USD per TEU for a week 52 in more than five years, those where trades from Shanghai to Santos, Durban and Australia/New Zealand. China Containerised Freight Index (CCFI) reflecting China’s nationwide export of containers, is showing a 19% drop from 2015 to 2016. The short-lived spikes in spot rates during H2 2016, is not included in the CCFI compared to the SCFI and thereby the CCFI achieves a higher negative growth in 2016. The CCFI includes both spot and long-term rates based on the actual transactions within a two weeks periods, while the SCFI focuses on the average spot booking price for one week. By that, the CCFI reflects the real progress in container shipping rates on a short-term basis


Container Lines Plan Pacific Freight Rate Rise

Photo courtesy CMA CGM

Container shipping lines have agreed to raise Asia-U.S. freight rates by $300 per 40-foot container (FEU) to west coast ports of the U.S. and by $400 to all other ports in the U.S from May 15. The increase was agreed by companies in the Transpacific Stabilization Agreement (TSA) which also adopted a $400 per FEU peak season surcharge effective June 15, the TSA said in a statement. The TSA groups 15 of the world's biggest container shipping lines, including Denmark's Maersk Line


Container Lines To Impose Surcharges

Container shipping lines operating on the Atlantic will reportedly start imposing surcharges to reflect rising bunker fuel costs. A bunker adjustment factor of $21 per 20 ft container and $42 per 40/45 ft container for traffic to and from U.S. Atlantic/Gulf coast ports will be added from October 13, the Trans-Atlantic Conference Agreement (TACA) said. Meanwhile, container shipping lines in the North Europe - Asia eastbound management agreement (EMA) will raise freight rates beginning Oct


Members Of Grand Alliance To Add U.S.-Asia Service

Container shipping line members of the Grand Alliance reportedly will improve their service between North Asia and the U.S.


Transpacific Box Shippers Plan Freight Rate Rise

Photo: Maersk Line

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level.   The Transpacific Stabilization Agreement (TSA) said the planned increase was part of an ongoing effort by members to reverse a decline in spot rates in the Asia-U.S. freight market.  


Transpacific Container Shippers Plan Price Rise

File photo: containership at dock.

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Jan. 15, corresponding to an increase of 26.6 percent from the current level. The Transpacific Stabilization Agreement (TSA) said the planned increase was part of an ongoing effort by members to reverse a decline in spot rates in the Asia-U.S. freight market. The organisation also said container shipping companies should reinstate a $400 per


Atlantic Container Rates To Soar

Starting next year, the price to ship a container across the Atlantic ocean is to soar, as container shipping lines on the Atlantic will be seeking hefty rate increases s next year. Rates for 20 foot containers heading westbound to U.S. Atlantic, Gulf and Pacific ports would rise by $600 from January 1, 2000, carriers in the Trans-Atlantic Conference Agreement (TACA) said. For 40 and 45 ft units the increase would be $750, they said


Transpacific Container Shippers Plan Freight Rate Rise

A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Feb. 9, and indicated that it will follow with a second $600 per FEU increase on March 9.   TSA (Transpacific Stabilization Agreement) said the planned increase follows strong cargo demand through the typically slower winter season and heading into the Lunar Yew Year holidays.  


Chinese Authorities Raid Container-Shipping Firms

Photo: Maersk Line

China's National Development and Reform Commission  (NDRC) is visiting several major container shipping lines’ offices in Shanghai and throughout the country as part of its surcharges investigation.   According to local media reports, NDRC investigators have been combing through emails and files at many liner carrier offices  since Friday.   In September 2015, the Chinese government said that lines had been charging too much for things like bills of lading custody


Maersk Sees Rise in Asia Trade Volume

Pic: Maersk Line

 The world's biggest container shipping line Maersk Line  by capacity estimates  up to a 15% increase in container volumes from Asia to the rest of the world in early 2016, which could indicate that industry demand is on the rise, despite recent issues with weak demand and swelling overcapacity, according to The Wall Street Journal.   Robbert Van Trooijen, CEO of Maersk Line Asia Pacific, said, “There has been more demand certainly this time around than it was last


Munich Maersk Comes to Hamburg

Munich Maersk. Photo: The Maersk Group

 While on her maiden voyage, the “Munich Maersk” berthed at EUROGATE Container Terminal Hamburg on 5 August. With a nominal capacity of 20,568 TEU (twenty-foot equivalent unit) the container vessel is one of the largest in the world. 


CMA CGM to Build World's Largest Boxships at Chinese Yard

File Image: CMA CGMs boxship Ben Franklin (CREDIT: Marad)

French shipping group CMA CGM plans to build nine of the world's largest container ships at two Chinese shipyards, the China Daily newspaper reported on Wednesday.   Shanghai Waigaoqiao Shipbuilding Co confirmed that it and its sister yard Hudong-Zhonghua Shipbuilding (Group) Co


CMA CGM Confirms Order for Nine Mega Ships

(File photo: Port of Long Beach)

CMA CGM, the world's third-largest container shipping firm, said it expected operating profits to improve further in the second half as the market continues to recover, and confirmed an order for nine giant vessels.   The announcements by French-based CMA CGM underlined a recovery in the


Two New Shipping Lines to Hamad

Photo: Hamad Port

 Two new maritime lines are launched from Hamad Port which will enhance Qatar’s trade connections with various ports in China, India, Malaysia, Turkey and Greece, among other countries.   Qatar News Agency (QNA)  said that both lines will run on a weekly basis. 


Evergreen, OOCL suspend Qatar Service

File Image: the MSC  CREDIT: Haifa Port

Taiwan's Evergreen and Hong Kong's OOCL said on Wednesday they had suspended shipping services to Qatar after Arab countries severed diplomatic ties with the Gulf state and imposed port restrictions this week.   Saudi Arabia, Egypt and the United Arab Emirates (UAE) are among those to have


MSC to Start Oman-Qatar Shipping Service

Swiss-based MSC will offer a new shipping service to Qatar from Oman, the world’s No.2 container shipping line said on Monday, a week after Gulf states imposed port and trade restrictions on Doha. "MSC never stopped accepting bookings to Qatar as it investigated alternative routing


Shipping Routes via Oman Opened to Give Qatar Food Lifeline

Qatar and container lines have launched new shipping services via Oman in an effort to sidestep a port ban in neighbouring countries and secure a food lifeline after other Gulf states severed ties with Doha last week. Saudi Arabia, the United Arab Emirates and some other Arab countries cut


Maersk Container Launches Cold Chain Energy Meter

Image: Maersk Container Industry (MCI)

 Maersk Container Industry is introducing an energy meter with its Star Cool refrigerated containers. Star Cool refrigerated containers are now fitted with a new embedded digital feature that offers visibility and precise knowledge of actual energy consumption.  


Madrid Maersk Call at Antwerp Port Sets New Record

Photo: Port of Antwerp

 The Madrid Maersk, the largest container carrier ever to call at the port of Antwerp, moored in the Deurganck dock on 9 June.    This record-breaking ship with a capacity of 20,568 TEU unloaded 3,000 containers and loaded another 4,000 in the port of Antwerp in just 48 hours


MSC, Maersk Work on Data Sharing after Cyber Attack

File Image: The Madrid Maersk, a 20,000+ TEU Box ship (CREDIT: HR Wallingford)

Swiss container line MSC (Mediterranean Shipping Company) is working with vessel-sharing partner Maersk to find ways to share data after a cyber attack on the Danish company, MSC said on Wednesday.   MSC said it was prepared to divert ships away from affected Maersk terminals.  


Global Shipping Feels Fallout from Maersk Cyber Attack

Photo: A.P. Moller - Maersk

Global shipping is still feeling the effects of a cyber attack that hit A.P. Moller-Maersk two days ago, showing the scale of the damage a computer virus can unleash on the technology dependent and inter-connected industry.   About 90 percent of world trade is transported by sea


K Line, MOL, NYK Announce Container Business Merger

Containership MOL Commitment. Photo: Mitsui O.S.K. Lines

Kawasaki Kisen Kaisha (K Line), Mitsui O.S.K. Lines (MOL) and Nippon Yusen Kabushiki Kaisha (NYK)  announced the establishment of a holding company and an operating company, for the integration of the three companies' container shipping businesses


COSCO Records H1 Profit on Improving Market

File Image (CREDIT: AdobeStock / (c) Marina Ignatova)

COSCO Shipping Holdings expects to post a profit of around 1.85 billion yuan ($272 million) in the first half, helped by an improving shipping market.   The world's fourth-largest container shipping line made the forecast in a stock market statement on Thursday. It recorded a loss of 7


Maersk: Too Early to Predict Financial Impact of Cyber Attack

File photo: A.P. Moller - Maersk

Asia CEO said ports have resumed releasing cargo; will discuss settlement, liability issues with customers.   Maersk said it was too early to predict the financial impact of last month's global Petya cyber attack that hit the shipping giant's computers and delayed cargoes


Kuehne Raises Hapag-Lloyd Stake to 17 pct

File Image (CREDIT: Hapag Lloyd)

Logistics entrepreneur Klaus-Michael Kuehne has raised his shareholding in German container shipping line Hapag-Lloyd to 17.15 percent from 14.1 percent, his Swiss-based Kuehne Holding said on Thursday.   Kuehne was taking advantage of shares being sold by TUI






 
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