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Spot container rates from Shanghai to Northwest Europe and the Mediterranean dropped for the second straight week in a row.
Liner carriers CMA CGM, Hapag-Lloyd, COSCO, MOL, Yang Ming, NYK and "K" Line issued general rate increases.
Neptune Orient Lines, parent of ocean carrier APL, is "totally focused" on returning the liner business to profitability, NOL CEO Ng Yat Chung said during a call with securities analysts.
An informal poll of private carriers by Stifel's transportation group found that carriers have been able to push through contract price increases in the 4 to 8 percent range despite lower than expected demand.
CMA CGM, UASC and CSCL, members of the Ocean3 Alliance, have added vessels and increased total rotation time on its Asia-North Europe AEX7/AEC8 and Asia-Mediterranean MEX loops, according to BlueWater Reporting.
A new whitepaper by American Shipper, in collaboration with the Virginia Maritime Association, tackles some of the thorny problems behind cargo delays at key U.S. ports.