Hong Kong saw a four percent y-o-y decrease in fourth quarter 2009 TEU numbers, representing a one percent drop in laden containers and a 17 percent drop in empty containers
Total port cargo throughput in Hong Kong decreased by six percent in 2009 over a year earlier to 243 million tonnes - from this inward and outward port cargo dropped by five percent and nine percent to 139.3 million tonnes and 103.
Bold CSCL bid to exit box jam
China Shipping Container Lines (CSCL) is deploying four extra vessels - three 8,500 TEU vessels and one 4,250 TEU ship - for the next two months on the Asia-Europe route jointly operated with Evergreen in anticipation of a surge in trade on the route.
No sign of partnership as shippers vs carriers
Everything points to a titanic struggle between container lines and shippers at the freight rate contract negotiations on the transpacific in the next couple of months.
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