Maritime Market News

: Container freight rates tracking 10% ahead of last year
Ngày: 25-04-2019 | Lượt xem: 698
AVERAGE container rates out of Shanghai for this week are expected to decrease slightly but remain 10% higher for the year to date than last year.
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: News highlights week 10 - 2019
Ngày: 13-03-2019 | Lượt xem: 683
CMA CGM plans to focus on cost cutting in 2019 after reporting record fullyear revenue. Revenue in 2018 reached $23.5bn, up 11.2% on the previous year, as volumes hit a record 20.7m teu. But increasing fuel costs and exceptional items related to its investment in CEVA Logistics and Global Ship Lease took their toll on the bottom line, with consolidated net profit falling to just $34m. Excluding exceptional items, recurring net income was $150m.
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: Asia-North Europe trade set for further weak growth
Ngày: 07-03-2019 | Lượt xem: 640
FURTHER low growth in demand is expected this year on the key Asia-North Europe trade, forcing container lines to look to other trades for their big ships, according to Drewry.
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: IMO 2020: Transparency essential for shipper-carrier agreement over fuel surcharges
Ngày: 07-03-2019 | Lượt xem: 611
MANY issues continue to create uncertainty in the maritime community when it comes to the implementation of IMO 2020, a panel of experts told delegates at the Journal of Commerce’s TPM conference in Long Beach. Price is the chief issue, but availability and compatibility of the new low sulphur fuels also are causes of concern.
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: RCL expands service network in India
Ngày: 07-03-2019 | Lượt xem: 659
THAILAND-based container line RCL has added another string to its network in India with the launch of a new service between Calcutta and the key Malaysian transhipment hub of Port Klang.
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: Cosco and PSA add berths in Singapore
Ngày: 19-01-2019 | Lượt xem: 602
COSCO Shipping Ports and PSA Corp have firmed up a deal for two new container berths at their joint venture terminal in Singapore.The additional facilities, which started operations earlier this month, add to the three existing mega-ship berths, raising the terminal’s annual capacity from 3m teu to 5m teu, CSP said in a statement.
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: Ocean Alliance extended to 2027
Ngày: 18-01-2019 | Lượt xem: 592
The Ocean Alliance container shipping venture has agreed to extend its partnership through to 2027.The co-operation extension involving CMA CGM, Cosco, OOCL and Evergreen was signed by executives of the respective parties at a ceremony held in Hainan, China.
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