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COPENHAGEN : Container shipping lines have agreed to raise Asia-U.S. freight rates in two stages, by $200 per 40-foot container (FEU) from Dec. 20 and then by a further $300 per FEU from Jan. 15, in an effort to halt current losses, their organisation...

COPENHAGEN, Aug 18 (Reuters) – The world’s largest container shipping company, Maersk Line, plans to raise spot freight rates sharply on main routes from ports in Asia to ports in northern Europe, with effect from Sep 1, the company said. Spot rates...

US ports: Gridlock on the waterfront Robert Wright Unless terminals modernise, American importers and exporters face higher costs than their rivals ©Reuters The ports of Long Beach and Los Angeles The MSC Renée, whose sheer black sides loom over...

China spurns Maersk’s shipping vessel sharing scheme The P3 Network will not be implemented following decision by the Ministry of Commerce (MOFCOM) in China The Chinese Ministry of Commerce (MOFCOM) announced on June 17 that they have not approved...

As freight shippers throughout Europe face stiff competition, overcapacity and falling prices, many are looking to consolidate through alliances and mergers. It’s a trend not always allowed by antitrust regulators, however. According to reports, half...