Space is so tight today in the eastbound Pacific, and ocean carriers have been so clever in managing it, 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.
09 May 2018
China is increasing pressure on US exporters, creating costly delays.
27 Apr 2018
Beneficial cargo owners don’t know how to interpret a 21.8 percent increase to the West Coast and an 8.1 percent jump to the East Coast in spot rates this week. There are two, alternate theories regarding why this occurred.
27 Apr 2018
All three carriers in Ocean Network Express highlighted the supply-demand balance as having an influence on container industry financials, with freight rates stronger than during the previous year but lower than expected.
21 Apr 2018
Sponsored: DB Schenker's Philippe Gilbert, CEO, Americas and CEO, Asia Pacific Ditlev Blicher on data innovation, the rise of Asia, and challenges of real-time collaboration across the supply chain.
17 Apr 2018
The decline in US exports took place even before trade war rhetoric between the United States and China began to heat up.
12 Apr 2018
Sponsored: JOC Senior Content Editor Alessandra Barrett and Port of Long Beach Chief Commercial and Operations Officer Noel Hacegaba dive into the implications of technology for ports and the supply chain as a whole.
03 Apr 2018
Equally significant, the increases pushed the spot rates above the psychologically significant $1,000 and $2,000 levels, for the West Coast and East Coast, respectively.
23 Mar 2018
Beneficial cargo owners (BCOs) continue to enjoy low spot rates in the eastbound Pacific despite carriers’ attempts to reduce effective capacity through blank sailings. However, small and mid-size BCOs in LA-LB are paying a price for the blank sailings, as terminals cancel work shifts to save money.
15 Mar 2018
SM Line Corporation has again appealed to its larger compatriot rival Hyundai Merchant Marine to collaborate on trans-Pacific routes.
13 Mar 2018
Spot rates in the eastbound Pacific this week crashed through the psychologically important levels of $1,000 to the West Coast and $2,000 to the East Coast, despite continued growth in import volumes.
09 Mar 2018
The Global Port Tracker projects monthly increases in containerized imports beginning in April, but a trade war precipitated by the Trump administration's steel and aluminum tariffs could change those projections later this year.
07 Mar 2018
From rising protectionism underscored by President Donald Trump’s attack on steel and aluminum imports, to a new reality regarding US surface capacity, there are new challenges for shippers and transportation providers that demand action rather than hand-wringing.
05 Mar 2018
Container shipping supply and demand appear to be moving closer toward balance, according to three economists addressing the 18th Annual TPM Conference in Long Beach.
02 Mar 2018
Beneficial cargo owners will have more options to import cargo from Asia with the Port of Savannah receiving two new services this year and the Port of Jacksonville receiving one.
01 Mar 2018
Beneficial cargo owners can look for only modest rate hikes in service contract negotiations beginning this month, due to a projected 8 to 9 percent increase in trans-Pacific capacity, while imports are projected to increase 5 to 6 percent, according to Alphaliner.
22 Feb 2018
The 18th Annual TPM Conference marks the start of formal negotiations between many beneficial cargo owners and container lines on annual trans-Pacific service contracts. Price, as always, will drive those negotiations. However, as recent news demonstrates, price is not everything.
12 Feb 2018
Beneficial cargo owners are enjoying some of the lowest pre-Lunar New Year spot rates of the past six years, but they should not necessarily expect that this will give them extra leverage in service contract negotiations beginning next month.
02 Feb 2018
The modest increases — two weeks before the Lunar New Year, when factories will close for a week or two — indicates that retailers are restocking their inventories and preparing for the spring shopping season at a measured pace.
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