Five shipping lines rationalise Asia-South America services
12 August 2015Hamburg Süd, CCNI, China Shipping Lines, Hanjin and Hyundai have reached an agreement to reduce the scale of their service offering during the forthcoming slack season between Asia and Mexico/South America West Coast with effect from mid-November 2011
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Shipping rates halved in third quarter, say shippers
29 July 2015The world's container shipping market may remain bleak for the rest of the year, after seeing shipping rates halved in the third quarter as western buyers tighten their purse strings amid growing fears of a global recession, an expert said.
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