It has now been 12 consecutive weeks that spot rates on imports from Asia have been higher than $2,000 to the West Coast and $3,000 to the East Coast, according to the Shanghai Containerized Freight Index. This is the longest sustained period of elevated spot rates since 2013.
12 Oct 2018
Spot rates in the eastbound Pacific show no sign of softening, and shippers may end up paying high spot rates through the end of the year, if imports remain strong. New US tariffs beginning Jan. 1 definitely have something to do with the above.
05 Oct 2018
As uncertain as trans-Pacific rates have been, they are up 56 percent to the West Coast and 67 percent to the East Coast, compared with early Oct. 2017. However, more price volatility is anticipated as the peak season ends, importers prepare for the Chinese New Year, and proposed 25 percent Trump administration tariffs take effect on Jan. 1.
28 Sep 2018
Further, two key decision-makers, one each from the Port of Los Angeles and the Port of Long Beach, agreed that the early building of peak-season inventory this summer will be followed by slower growth in the fourth quarter of the year.
26 Sep 2018
Further, trans-Pacific shippers will welcome the additional capacity, especially this peak season, for several reasons.
21 Sep 2018
However, analysts and stakeholders say shippers should not focus on the rate drop, but rather, they should prepare for unprecedented turmoil in the eastbound Pacific that is affecting cargo loading at Asian ports and delivery and storage in the United States.
20 Sep 2018
Already chaotic and upended, the Trump administration’s proposed Jan. 1, 2019, 25 percent tariff on imports from China is causing importers to scramble for ocean, truck, and rail capacity — with the next ramification being the warehouse variable: will there be any space after the front-loading of imports?
18 Sep 2018
The focus now turns to how dramatic the post-peak season decline will be, and if it will take place earlier than normal after shippers front-loaded their supply chains to avoid US tariffs.
14 Sep 2018
Extra-loaders have made their presence felt, but is that extra capacity capable of ending the escalation in trans-Pacific spot rates long term?
07 Sep 2018
Ocean carriers plan October blank sailings even as they introduce extra-loader vessels to handle an import surge in September.
05 Sep 2018
The move represents modest good news for US importers scrambling for slots, amid a peak season surge in volume.
05 Sep 2018
The 20-mile, three-lane dual carriageway bridge is the only road link to the Yangshan terminals, part of the huge Shanghai port that handled 20.5 million TEU in the first half of 2018.
31 Aug 2018
Ocean carriers continue to have the negotiations advantage in the trans-Pacific, and there was little in the latest weekly data to suggest a change in the peak-season uptrend.
30 Aug 2018
Air cargo freight rates between China and the United States have been rising since July, according to US-based logistics provider C.H. Robinson, and shipper concern about lack of space on the trans-Pacific trade is a factor in that rise.
29 Aug 2018
The reduction in capacity, less than anticipated, provides a slight amount of relief to shippers scrambling to find capacity this peak season.
24 Aug 2018
Uncertainty regarding the Trump administration's tariffs and when surging imports will slacken is keeping ocean carriers firmly in control of pricing in the eastbound trans-Pacific trade.
22 Aug 2018
If other carriers also offer one-off extra loaders in the coming month, the tight situation in the largest US trade lane could be relieved somewhat.
17 Aug 2018
Ocean carriers are enjoying rare pricing power, which is being propelled by three factors. But the impact of their decisions on customer relationships with beneficial cargo owners and truckers remains to be seen.
10 Aug 2018
Space is so tight today in the eastbound Pacific that some beneficial cargo owners are paying higher than spot rates to get their shipments on vessels leaving Asia. However, there is a qualifier to that trend shippers should know about.
06 Aug 2018
OOCL is sounding alarms about the impact of a trade war on international shipping volumes after a strong first half.
03 Aug 2018
Strong US import volume is at the heart of the rise, and there are other signs of strength, but what’s the evaluation of the early move by industry professionals?
01 Aug 2018
Amid trade tensions, surging economic growth, and surface transportation constraints, this peak season promises to be volatile and challenging for US shippers.
30 Jul 2018
There is, perhaps, no better evidence to senior management on the necessity of proactive carrier engagement than this: transportation conditions can change quickly in container shipping, and an annual contract with an ocean carrier is no guarantee of capacity when one needs it.
27 Jul 2018
The ongoing uptrend is noteworthy because, historically, the largest increases in spot rates often occur in August, usually the busiest month of the peak shipping season, and October, the last month of the holiday shipping period.
20 Jul 2018
Eastbound trans-Pacific spot rates are mostly holding their strength even as volume growth slows and trade tensions mount.
19 Jul 2018
Zim is linking up with the 2M Alliance in a bid to trim costs and capacity on the Asia-US East Coast trade.
18 Jul 2018
Declining volume is forcing capacity cuts and heaping additional pressure on carriers battling to cope with rising operating costs.
17 Jul 2018
A new service from APL will test the hypothesis that shippers will pay more for better service, if it is available.
13 Jul 2018
Eastbound Pacific spot rates rose for the second straight week as Cosco and Ocean Alliance partners became the third carrier alliance to announce peak season cuts in services.
11 Jul 2018
This much is known about rates for US importers from Asia heading into peak season: there are factors that would generate firm-to-higher rates, but also historical factors that would lead to a softening of rates.
09 Jul 2018
US importers plan to bring in record container volume this peak season, which will translate into an impressive 2018 year-end gain compared with 2017.
06 Jul 2018
Beneficial cargo owners can anticipate higher rates this peak season as Yang Ming and its THE Alliance partners announce removal of a trans-Pacific string. This development follows a similar service reduction in late June by the 2M Alliance and was accompanied Friday by an increase of 20 to 30 percent in spot rates.
22 Jun 2018
Several factors, including mega-ships deployed, North Asia congestion, rising bunker fuel prices, and the impact of Trump administration tariffs, are compromising schedule integrity in the trans-Pacific.
13 Jun 2018
SM Line said growing volume in the second half of the year should return rates to a level that covers operation costs.
18 May 2018
After more than a year of year-over-year negative comparisons since the Hanjin bankruptcy, trans-Pacific spot rates to the East Coast reached parity with the same week a year ago, and almost reached parity to the West Coast, indicating that spot rates have returned to normal seasonal trends.
16 May 2018
Beneficial cargo owners will enjoy lower ocean freight rates in their 2018-2019 service contracts, but the total all-in charge for ocean, truck, and bunker fuel costs will be higher than last year.
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