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Tuesday, January 19, 2021

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  • Far East Maritime (4) (X)

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Rates riding a new record low on Asia-Europe

Posted to Far East Maritime (by Greg Knowler) on October 5, 2013

Rates on the Asia-Europe trade have fallen to an abysmal level. We are hearing of forwarders securing freight rates of as low as US$900 per container, which is well below any kind of sustainable level as far as shipping lines are concerned.

Change at the helm comes at a crucial time for Maersk

Posted to Far East Maritime (by Greg Knowler) on December 20, 2011

Kolding was architect of the line’s aggressive plans to expand market share and service quality. Yet he hands over the reins of the world’s biggest carrier at the most troubled time in the container shipping industry’s history. Freight rates…

No frills container carrier lining up for launch

Posted to Far East Maritime (by Greg Knowler) on February 11, 2010

Neptune Orient Lines just reported a loss of US$741 million for 2009. China Shipping Container Lines is expected to soon announce a loss of US$1 billion. Other results will begin to trickle in but no carrier handling containers will have done well last year.

Piracy approach a failure, say Hong Kong shipowners

Posted to Far East Maritime (by Greg Knowler) on January 19, 2010

The Hong Kong Shipowners’ Association (HKSOA) has called for governments to throw out the current response to pirates menacing ships off the Horn of Africa, accusing the international community of tolerating piracy instead of eliminating attacks.