Carrier consolidation and projections for continued growth in imports alert BCOs to the growing possibility of rate restoration in 2018, but a former shipping executive said carrier discipline is crucial, if service contract rates are to exceed those of last year.
19 Jan 2018
Importers are shipping with a sense of urgency to bring their merchandise into the US before factories in Asia close down for the Lunar New Year celebrations on Feb 16.
18 Jan 2018
With an expanding US economy boosting imports, and carrier consolidation providing leverage on the capacity side, industry experts are putting beneficial cargo owners on notice that the 2018 to 2019 service contracting season could be difficult.
17 Jan 2018
Expanding SM Line will add another China-US West Coast service to its growing portfolio as the carrier continues to grow its market share.
14 Jan 2018
ILA and USMX officials had hoped to agree on a contract extension that would reassure the hundreds of shippers who will attend the JOC’s annual Trans-Pacific Maritime (TPM) conference March 4-7 in Long Beach, California.
12 Jan 2018
Spot rates are rising into a late Lunar New Year, with a host of carrier rate increases scheduled for early February.
11 Jan 2018
In a recent interview, Soo Cheon Lee, co-founder and chief investment officer at investment bank SC Lowy, said SM Line would have to find partners on the trans-Pacific if it was to maintain its competitive edge.
05 Jan 2018
Solid spot rates this week position carriers for possible rate hikes as the Lunar New Year approaches.
05 Jan 2018
In the "forwarder battle" between carriers and NVOs, performance in one area may be critical to winning shippers as clients.
29 Dec 2017
Spot rates in the major east-west trades ended 2017 on a high note.
22 Dec 2017
Eastbound trans-Pacific spot rates are also down substantially from 2016, but there is a qualification. Those 2016 spot rates were boosted by the Hanjin Shipping bankruptcy.
19 Dec 2017
SM Line is hoping to partner with its larger Korean rival HMM as the carrier plans to launch a new trans-Pacific service.
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