Spot rates for shipping containers from Asia to northern Europe rose per cent to USD 880 per Twenty Foot Equivalent Unit (TEU) in the week ending Friday, according to the Shanghai Containerised Freight Index (SCFI).
This is the third consecutive week the rate has risen. The rate has also remained above USD 800 per TEU since the end of November....
The Port of Virginia's container throughput rose 8.9% year on year in March to 232,148 Twenty Foot Equivalent Unit (TEU), with loaded imports up 9.5% to 99,665 TEU and loaded exports up 3.3% to 92,384 TEU.
In March, inbound and outbound empties rose 90.3% to 7,612 TEU and 13.3% to 32,488 TEU, respectively. However, breakbulk volume declined by 14.7% to 15,648 tonnes, while automobile shipments were up 30% to 3,673 units.
Said Virginia Port Authority CEO John Reinhart: "The new ocean carrier alliances will be fully operational this month and we will be seeing more big ships, like the Cosco Development, moving considerable amounts of cargo. As these ships a...
Riga Freeport saw container volumes transshipments increase to a record 110,400 Twenty Foot Equivalent Unit (TEU) in the first quarter.
In March, the port handled a monthly record of 38,000 TEU, pushed up by ro-ro cargo turnover of general cargo that rose by 33.9%.
In the first quarter cargo volume rose by 2.1%. In March alone cargo volume was up 7.9% year on year mainly due to the positive performance of coal, container and timber segments....
Hapag-Lloyd has announced it will increase rates for all cargo from Brazil, Argentina, Uruguay and Paraguay to Canada, the US Mexico, Central America and Caribbean ports.
The increase, USD 200 per Twenty Foot Equivalent Unit (TEU) and USD 300 per FEU will take effect May 15 and apply equally to dry and reefer cargo....
APL is to launch a China Australia Service (CA3) that links north Asia to east coast Australia.
The weekly service starts on May 21, sailing from Yokohama then to call at Osaka, Busan, Qingdao, Shanghai, Ningbo, Melbourne, Sydney and Brisbane.
"The new CA3 service will be characterised by its connections across north and central China, Japan and Korea to Melbourne, Sydney and Brisbane."
APL intra-Asia short sea chief Chan Khai Tou said "Promising market-leading transit time from Qingdao, Shanghai and Ningbo to Melbourne, the CA3 service offers yet another compelling option for APL shippers who will benefit from the direct coverage from si...
CMA CGM has announced a general rate increase on cargo from Asia to Mexico, west coast of South America and the west coast of Central America of USD 600 per Twenty Foot Equivalent Unit (TEU).
CMA CGM said it wishes to inform customers that the increase is effective from May 15....
The port of Singapore handled 2.7 million Twenty Foot Equivalent Unit (TEU) in March, representing an increase of 6.7% compared to 2.5 million TEU recorded in March 2015, according to figures from the Maritime and Port Authority of Singapore (MPA).
Last month's throughput also jumped by 17% compared to 2.3 million TEU in February this year.
In the first quarter of 2017, Singapore port handled a total throughput of 7.6 million TEU, a hike of 3% compared to 7.4 million TEU moved in the same period of 2016....
The top 100 container ports in the world handled 555.6 million Twenty Foot Equivalent Unit (TEU) in 2016, a marginal increase of 1.8% in volume over the previous year. In 2015, throughput had grown by 1.4%.
The 2016 figure was led by a number of ports registering double-digit growth. Among them were Port Klang (10.8%), Colombo (10.6%), Manila (11.3%), Piraeus (10.4%), Mundra (18.7%), Salalah (29.4%), Incheon (12.6%), Fuzhou (10%), Chittagong (15.9%), Barcelona (14.5%), Bandar Abbas (23.6%) and Cai Mep (35.3%)....
Container throughput at the Port of Brisbane saw a solid increase in February handling 91,576 Twenty Foot Equivalent Unit (TEU), a 2% increase over the same month last year when volume totalled 89,777 TEU.
However, February's throughput was a decrease of more than 17% over the previous month's throughput of 111,187 TEU.
Looking at the rolling 12 months, from March 2016 to February 2017, Brisbane saw a throughput of 1.19 million TEU, an increase of 3.5% (or 40,498 TEU) over the same period the previous year. In February 2017, 42,732 TEU was imported (46.6 per cent of total throughput), 47,522 TEU (51.9%) was exported and 1,322 TEU was transshipped.
Shanghai port handled a total of 3.43 million Twenty Foot Equivalent (TEU) in March, a 14.3% increase compared to the year-ago period, according to figures from Shanghai International Port (Group) Company (SIPG).
Last month's throughput surged 29.6% compared to February's volume of 2.65 million TEU, data from SIPG showed.
For the first quarter of 2017, the world's busiest container port Shanghai recorded a total throughput of 9.39 million TEU, a climb of 9.9% compared to 8.35 million TEU registered in the same period of 2016....