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The volume of sea container cargo shipped between Europe and Asia westbound decreased by 21.82% during the first half of 2009 compared with the similar period of 2008 and reached 5.377 million TEU.
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After a six-year break, the port of Dublin (Ireland) is now again receiving a container train.
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The first direct container service has connected Vietnam with the Eastern coast of the US. The new service, named Verrazano Bridge, is operated by the Japanese container line K-Line.
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GlobalTrak system which tracks the movement of cargo and forwards this information to cargo owners around the clock can now also pass this information to the authorized shipper’s agent.
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The largest Latin American container line - the Chilean company CSAV Group - continues to restructure its operations on the routes between South and North Americas.
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Starting from the 1st of September of 2009, CMA CGM plans to increase its freight rates for shipping containers between Europe and the Indian subcontinent.
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The Danish company A.P. Moeller-Maersk, the owner of the world’s largest container line Maersk Line, expects bankruptcies of some of its competitors in container business.
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A test container train departed from Pakistan for Turkey via Iran on the 14th of August.
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The cargo turnover in the port of Hamburg declined by 23.7% during the first half of 2009 and reached 54.2 million tones, Hafen Hamburg Marketing e.V. reports.
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Starting at the end of September of 2009, the French container line CMA CGM plans to combine its service from Northern Europe to South Atlantic, Mexico and the Mexican Gulf with the Swiss company MSC.
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In the times of global financial crisis, cargo owners are preferring electronic order document processing for container shipments, reports INTTRA company, an internet-service provider for ocean shipping companies.
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COSCO Container Lines (COSCON) is set to increase the freight rates on its routes connecting Asia and Europe.
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The halt of the investment program for the construction of Ust-Luga container terminal (ULCT) for an indefinite period of time threatens the completion of the site and can lead to termination of the largest international terminal construction project, says the official announcement of First Quantum, the company which along with FESCO and Eurogate is a major co-investor in this project.
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The spot index of shipping rates for shipping one 40-foot container from Hong Kong to Los Angeles (this index reflects average rates on Transpacific routes) increased by 57.45% last week and reached $1371.
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The container turnover at Vladivostok Container Terminal (VCT, part of FESCO Transport Group) decreased by 28.6% between January and July of 2009 compared with the same period of 2008 and reached 104,289 TEU.
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Mediterranean Shipping Co. (MSC, Switzerland) increases its freight rates for import cargo shipping from the countries in the South-Eastern Asia, China, Hong Kong, Korea and Japan to Northern Europe, Scandinavia, and the Baltic region.
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The German container line Hamburg Süd plans to rationalize its operations on the routes between North and South Americas.
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Starting from the 1st of September of 2009, the French shipping company CMA CGM plans to increase freight rates on its Transatlantic and Transpacific routes.
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The Danish shipping company Maersk Line has decided to increase its shipping rates on the routes between the countries in the Middle East and Southern Asia.
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The German company Hapag-Lloyd which is currently experiencing financial difficulties has announced it needs more external financial resources.
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