Tag: freight rates

Consolidation in the container shipping segment via alliances or mergers is likely to accelerate due to persistent overcapacity and freight rates pressure, Fitch Ratings says

The Port of Seattle Commission convened leaders of the city's diverse maritime community

The Netherlands has remained the largest maritime freight transport country in Europe since 2010. At 543 million tonnes, the volume of seaborne goods handled in Dutch ports in 2012 represented 14.6 % of the EU-28 total

The port announced its definitive freight figures for 2013, with liquid bulk performing particularly well: up by an impressive 31.4% to 59,493,776 tonnes.

INTTRA, a multi-carrier e-commerce network for ocean shipping, announced a strategic agreement with CSAV Group, to make INTTRA a preferred e-shipping platform for CSAV Group's customer base of shippers and freight forwarders.

US Department of Transport has issued a news release highlighting Maritime Administration's (MARAD) work on improving marine transportation system with innovative projects across the country.

The port of Antwerp is expected to have handled a total freight volume of 190.6 million tonnes over the year as a whole. T

Lines Reducing Ship Supply To Push Up Freight Rates

Easing the law on container transshipment will reduce freight rates & boost shipping

Going into effect on July 1, 2012 The Westbound Transpacific Stabilization Agreement (WTSA) has proposed increasing freight rates by $50 per 40-foot container (FEU) from California ports and $100 per FEU for all other intermodal and all-water shipments, with proportionate increases for other equipment sizes and cargo otherwise rated.The WTSA is proposing the rate increase to go into effect on July 1, 2012.Brian Conrad, WTSA's executive administrator, says the increases are part of an ongoing incremental strategy throughout the year to restore rates to compensatory levels that will adequately meet service demand, attract container equipment into the trade, and reverse steep declines in revenues and carriers' overall financial health.Conrad adds that increases are primarily focused on commodity segments where rates have fallen the farthest and/or have not taken increases in previous rounds.WTSA is a voluntary discussion and research forum of 10 ocean and intermodal container shipping lines serving the trade from ports and inland points in the U.S. to destinations throughout Asia. WTSA members include APL, Hyundai Merchant Marine Co., COSCO Container Lines., K Line, Evergreen Line, N.Y.K. Line, Hanjin Shipping Co., OOCL, Hapag Lloyd AG and Yang Ming Marine Transport Corp.Source: Recycling Today