12 C
Hamburg
Tuesday, May 11, 2021
Home Freight News Booming Atlantic rates could see new services

Booming Atlantic rates could see new services

Rumours of a new express Transatlantic service operated by COSCO Shipping out of Piraeus to New York will be no surprise as demand has sent rates through the roof with nearly US$900 added to westbound spot freight costs since the end of March.

If the claims are correct, the new COSCO service will be launched in June and will sail between the New York and Piraeus in nine days, with the expectation that there will be no port call in between. COSCO would not confirm or deny that the new service will be launched when contacted.

Please login or register to read the rest of the story

Latest Posts

SM Merchant Marine to expand fleet and buy containers with IPO proceeds

SM Merchant Marine plans to use proceeds from its planned initial public offering in the second half of 2021 to expand its vessel and...

Antwerp leads “green” international consortium

An international consortium, called PIONEERS, of 46 partners led by the Port of Antwerp will receive a €25 million (US$30 million) grant from the...

New FMC Chairman calls for a review of US shipping law

Daniel Maffei, appointed chairman of the Federal Maritime Commission (FMC), told industry figures last week that it is time for the US Government to...

Hapag-Lloyd launches new feeder services to Portugal

Hapag-Lloyd will improve its current connections to Portugal with weekly departures from the ports of Lisbon and Leixões to and from Tangier and Rotterdam,...

Hutchison Ports buys APMT’s Rotterdam terminal

Hutchison Ports Netherlands B.V., a subsidiary of Hutchison Ports Holdings, has signed an agreement to acquire the Rotterdam container terminal APM Terminals Rotterdam (APMTR)...