International Freight News Incorporating

Asia-Europe rates down for fifth consecutive week

Supply/demand imbalance continues to add downward pressure on rates on all major east-west trades

Ultra-large containership runs aground near Hamburg

Cargo remains on board CSCL Indian Ocean, which has been stranded in the River Elbe since late on Wednesday but may be re-floated tomorrow

TNT agrees to sell airline operations to ASL Aviation

Deal is a key condition of its acquisition by FedEx and includes a multi-year service agreement to operate flights for the intended FedEx-TNT combination

Fuel price falls pose strategy questions for carriers

Despite bunker rates falling to 10-year lows, container lines are unlikely to abandon slow-steaming, but it does make smaller ships more competitive again, Drewry report concludes