China Containerized Freight Index increased by 0.56% (to 985.6 points) within the current week, November 13-20, 2009. As per materials of the Ministry of Transport of the People’s Republic of China, the index has gone up by 1.32% in European direction, by 0.56% – Mediterranean service.

China Containerized Freight Index reflects dynamics of freight costs on
export containerized shipments of China in 11 directions (services) of
16 international shipping lines: CMA-CGM, COSCO Container Lines, China
Shipping Container Lines, Hanjin Shipping, Hapag-Lloyd, Kline, Maersk,
MOL, NYK, OOCL, P&O Nedlloyd, PIL, Shanghai Hai Hua Shipping,
Shanghai Jin Jiang Shipping, Sinotrans Container Lines and SITC
Container Lines. The index is calculated both separately for each
direction and for all of them (composite index).

Source: PortNews

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• Key Box China index sinks for the first time since June

    Alarm bells are ringing for liner firms as one of the most accurate gauges of the container index fell for the first time in more than four months Friday. The China Containerised Freight Index, operated by the Shanghai Shipping Index, dropped for the first time since early June today.

• Pre Holiday Fall For Baltic Exchange Dry Index

    The Baltic Dry Index fell yesterday to its lowest point in almost two months as trade wound down for the Christmas Holiday. The index has recently been buoyed by an increased demand from China, but the spectre of oversupply still exerts a downward pressure and uncertainty surrounding future requirements means

• China will 2010, the Container Rates to be higher than 2009, says Li

    China’s 2010 container shipping rates will surpass last year because demand for transporting goods has exceeded current capacity, said the chairman of the country’s second-largest sea freight company. “The rates will probably be higher in the first six months of 2010 before tapering off in the second half,” China Shipping

• China Shipping Container Lines forecast deficit for 2009

    China Shipping Container Lines Co., Ltd, the country’s leading container shipping company, on Friday forecast its net profit in 2009 would post deficit from the previous year, without providing detailed data. The company attributed the deficit mainly to decreasing international container shipping business afflicted by the global economic downturn, the

• CTSA lines raise bunker surcharges

     Member lines of the Canada Transpacific Stabilization Agreement said they are raising their bunker surcharge in January. • For East Coast ports, the fuel recovery charge will be $551 per 20-foot container, $689 per 40-foot container, $775 per 40-foot high-cube container, and $872 per 45-foot container. • For West Coast ports, the

• CTSA raises bunker costs lowers CAF

     Member lines of the Canada Transpacific Stabilization Agreement said they are raising their bunker surcharge in April. It’s the first rise since January and represents a 5 percent increase. ?? • For East Coast ports, the fuel recovery charge will be $581 per 20-foot container, $727 per 40-foot container, $817 per 40-foot

• China Shipping Container Lines sees net loss for 09

    China Shipping Container Lines Co., Ltd. predicted in late January, 2010 that it would record a net loss for 2009, and meanwhile, it announced a rise of transport fees on its routes. The Chinese container shipping company ascribed the prediction loss to the impact of the financial crisis, the decline

• Asian Shippers TSA rate hike

    Asian shippers have blasted plans by container lines on the transpacific trade to levy a $320 per teu ‘emergency recovery charge’. The Asian Shippers’ Council described as ‘astounding’ the move by member lines of the Transpacific Stablization Agreement to levy a charge of $320 per teu, $400 per feu, and

• AADA members to increase freight

    In order to maintain a high standard of service to their customers, the participating member lines of AADA (Asia Australia Discussion Agreement) will be implementing a rate restoration program from January 15, 2010 to all their customers in China, Hong Kong and Taiwan.

• Europe \ u0026 # 39; s Box shipments fall 20pc: ELAA

     Europe’s total import volume for containerised cargo in the first five months of the year decreased by 20.6 per cent to 6.9 million TEU year on year on the back low demand, surplus capacity and weakening freight rates. According to figures provided by the European Liner Affairs Association (ELAA), Europe’s export volume

• Mitsui OSK Container Unit Losses May Continue

    Mitsui O.S.K. Lines Ltd., the world’s largest shipping line by fleet size, said its container unit may be unprofitable for two more years as rising global capacity and slowing world trade damps rates. The unit will make a loss in the year ending March 2011, Executive Vice President Masakazu Yakushiji

• China Shipping Container Posts Loss on Trading Slump

    China Shipping Container Lines Co., the country’s second-biggest cargo-box carrier, fell to a first- half loss after the global financial crisis pummeled shipping demand and rates. The 3.42 million yuan ($500,000) loss compared with a profit of 692.3 million yuan a year earlier, the Shanghai-based company said in a statement to the

• CSCL GRI announced from Israel to the United States and Canada Ports

     China Shipping Container Lines Company Limited (CSCL) has announced it would apply GRI (General Rate Increase) on its Trans Atlantic service from Israel to North American ports, USA & Canada. ? The announcement noted that freight rates will be increased as from April 1, 2010 by US$400 for 20′ container and US$500

• CSCL GRI announced from Israel to the United States and Canada Ports

     China Shipping Container Lines Company Limited (CSCL) has announced it would apply GRI (General Rate Increase) on its Trans Atlantic service from Israel to North American ports, USA & Canada. ? The announcement noted that freight rates will be increased as from April 1, 2010 by US$400 for 20′ container and US$500

• Evergreen and China Shipping introduce China-Philippines-Thailand Express (CPT) service

    Evergreen Line and China Shipping Container Lines (CSCL) will launch a new joint service, the China-Philippines-Thailand Express Service (CPT) effective mid-March. Read at Evergreen and China Shipping introduce China-Philippines-Thailand express (CPT) service