Container shipping rates on intra-Asia trades have fallen to their lowest level in four years, according to the Container Freight Rate Insight which is updated weekly and published by global shipping consultancy Drewry.
Container freight rates for cargoes moving under contracts on major East-West routes have continued to erode, but at a slower pace than previously, according to the results of Drewry's Benchmarking Club.
Maersk Line and Hamburg Süd are ranked as the two most reliable container shipping carriers, according to performance rankings in the new online version of the Carrier Performance Insight (http://cpi.drewry.co.uk) published by shipping consultancy Drewry.
With most holiday merchandise safely in the country despite significant congestion impacting West Coast ports, import cargo volume at the nation's major retail container ports is expected to continue to slow down this month, according to the monthly Global Port Tracker report released today by the National Retail Federation and Hackett Associates.
The International Maritime Organization has decided to make it mandatory to weigh loaded containers before they are transported by sea. The initiative is designed to enhance safety and prevent pollution of the marine environment.
The operational performance of the world's container terminals shows wide variation depending on location, terminal size and traffic type, according to the Container Terminal Capacity and Performance Benchmarks report published by shipping consultancy Drewry.