Receive FREE Newsletter
Advanced Search
+

News / Added services to exploit rising rates boost transpacific capacity by 33%

Ever Chivalry at the Port of Los Angeles Source Port of Los Angeles
Source Port of Los Angeles
By

To take advantage of skyrocketing freight rates, liner operators added 23 transpacific services between July 2020 and last month, boosting nominal capacity by 33%, according to the Shanghai Shipping Exchange.

In July 2020, global container shipping capacity stood at 23.8m teu, the transpacific accounting for 3.74m ...

To read this article you need to subscribe.

Help us to continue to invest in award-winning independent journalism. For an introductory offer of just £70 a year, or £10 per month, get access to all our daily news stories and opinion. If you are already a registered user, please login below with your current account's email and password to subscribe. If you are not registered and want to subscribe, please register below to subscribe.
Current subscriber
New subscriber

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    2M CMA CGM Cosco Shipping Group CU Lines Evergreen Marine Corp Maersk Lines MSC Ocean Alliance OOCL Shanghai Shipping Exchange vesselsvalue.com ZIM Integrated Shipping Services

    Most read news

    MSC joins lines cutting transpac services – but it's not enough to halt rate slide

    Transpacific drop illustrates shifting global container trade patterns

    Wednesday still 'Tariff Day' – even if Trump changes his mind again

    Gemini to reintroduce direct Asia-Europe calls at Aarhus and Gothenburg

    Two killed after Houthi attacks resume on merchant ships

    Hamburg gives go-ahead for Eurogate terminal expansion

    Hauliers add surcharge for collections from congested London Gateway

    'Another painful headache for shippers' as Asia-N Europe rate rally ends

    Amazon wanted to partner, then copied our air cargo strategy, claims start-up

    Amazon Air Cargo partners-up for new transpacific route into the US

    Tariffs: America First or will it be America Alone?

    Shipping lines are sub-letting tonnage to profit from firm charter market

    Peek through 'the veil of ignorance' with DSV, DHL, K+N & Mærsk

    Opposition to ACCC green light for DP World takeover of Silk Logistics

    Yang Ming eyes services to east coast South America ports

    South Korea calls on US not to impose port call fees on its car-carriers