The CKYH Alliancey, comprised of Coscon, K Line, Yang Ming and Hanjin Shipping, has announced that they are adopting a seasonal adjustment program in the Asia – North America trade at the end of November.

With the traditional slack season coming up, the Alliancey partners have decided to carry out this program in order to cope with the decreasing demand as well as the rising fuel costs. Specifically, they will be reducing capacity in the trade by 10 percent in the US West Coast and by 20 percent in the East Coast services.

Cargonews Asia

Search to find what you want

• Slack season starts in line for

     Capacity is being cut drastically on the Asia-Europe routes as the slack season starts. Several strings or loops on the Asia-Europe and Asia-Mediterranean routes have been discontinued while big shipping groups such as CKYH and the Grand Alliancey are pulling out individual services to suit market demand. Capacity levels on the

• Alliance partners on transpacific

     ?? Grand Alliancey carriers will in early December begin supplying vessels on a New World Alliance’s Asia/U.S. East Coast all-water service through the Panama Canal. ? ?? It’s the second winter running the two alliances have collaborated on after partnering consistently in recent years on the Asia/Europe lane. ? ?? Grand Alliancey members Hapag-Lloyd,

• K Line Asia-North America route changes

     K Line, a member of CKYH Alliancey will make modifications to its Japan/Asia – North America West Coast services in April 2010. In this modification, two service loops will become joint operation with MOL a member of The New World Alliance at more stable and reliable service. Cargonews Asia

• The Grand alliances vessel at Tan Cang-Cai Mep deep-water terminal (TCCT)

     On January 9th 2010, the celebration of welcoming the maiden voyage of the Grand Alliancey’s vessel was organized solemnly at Tan Cang -Cai Mep-the M.V OOCL America of OOCL (Hong Kong). This is the first vessel of the direct service between southern Vietnam and the East Coast of the United

• MISC Quits Grand Alliance

     The Grand Alliancey is losing one of its four carrier members, MISC Berhad (Malaysia), which said it is withdrawing from the group as of Jan.

• MSC to hike prices to four lanes

     Mediterranean Shipping Company (USA), joining the push by ocean carriers to pump up depressed container shipping price, announced a series of rate increases Tuesday starting Sept. 1 for U.S. shipments on Atlantic and Pacific lanes. The increases, which will take effect on a staggered basis over a month, range from $500

• Rail, ports go to China to the West Coast market

    Executives of the Union Pacific and BNSF railroads will join representatives of the six major West Coast container ports to promote the ports as an efficient and environmentally-friendly gateway for Asia’s trade with the United States. The ports of Seattle, Tacoma, Portland, Oakland, Los Angeles and Long Beach and the two western

• Trans-Pacific carriers collect fees Bunker

     Shipping lines that carry U.S. exports to Asia will increase their bunker fuel surcharges on Oct. 1 according to a formula the members of the Westbound Transpacific Stabilization Agreement adopted last year. The WTSA has published voluntary guidelines calling for an increase of $132 per 40-foot container on shipments from West

• Major trade lanes from Europe to remain weak

     Freight volumes on the major trades in and out of Europe have only recovered slightly from their nadir this spring, and remain off last year’s pace, according to figures released by the European Liner Affairs Association this week. ELAA said westbound volumes on the Asia-to-Europe trade, the world’s largest, totaled 997,715

• Trans-Pacific carriers to hike prices Westbound

     Shipping lines that carry U.S. exports to Asia intend to increase their freight rates effective April 1 in a continuing attempt to recover from last year’s recessionary rate levels. The Westbound Transpacific Stabilization Agreement, a discussion group of 10 carriers in the trade from the U.S. to Asia, said its member

• MISC to launch a new intra-Asia service

    MISC plans to launch a new service in the Intra-Asia trade to complement the current Halal Express Service (HES). The new service will be operating with six 4500 TEU vessel making calls at strategic ports within Asia. The vessel will also be well equipped with reefer facilities to cater the growing

• Cosco Pacific to increase domestic service charges

     Cosco Pacific will increase service charges in the south and the Bohai Rim area as it bets on an upswing in the nation’s economy, the South China Morning Post reported.

• Asia-Europe Trade Restore box

    The Asia-Europe container trade rebounded in the third quarter from the deep declines in traffic during the first half of the year, driven by a surge in shipments on the eastbound trade from Mediterranean ports.

• Current CMA CGM improve rate: Europe, Australia and New Zealand

    French Container Line CMA CGM has announced an increase in freight rates in the Europe to Australia and New Zealand in order to “restore freight rates to a sustainable level.” The move follows in the footsteps of a similar rate hike on trade between India/Pakistan and Europe by the carrier

• Container prices in China surge 24 percent

    Ocean container spot freight rates on the key export trades out of China to Europe and the U.S. east and west coasts soared by an average of 24 percent in the past three months. The rate of recovery is much faster than expected, buoyed by a surge in demand this