Next year’s containerized freight contracts for the eastbound trans Pacific lane are likely to settle at steep discounts to 2022 as spot pricing continues to slide on the back of large supply and dema
October container volumes at the Port of Los Angeles dropped by 25% on the year amid slowing import demand and ongoing cargo shifts towards the US Atlantic and Gulf coasts as shippers look to alternat
North American container imports are expected to drop to their lowest level since early 2021, maritime consultancy Hackett Associates said, as weakening demand drives freight rates lower.
The Port of Long Beach, California said May 13 it had its busiest April in port
history, as volumes increased 10% against the previous record set in April 2021.
All inclusive container rates into North America were largely unchanged during
the week ended April 29 amid slow booking activity and more easily accessible
FAK rate space.
Containership tonnage on the trans Pacific trade is set to swell from March, as
limited blanked sailings and additional vessel charters push available capacity
well above pre pandemic levels, market a
All inclusive rates during the week ending Feb. 11 on the North Asia to North
America lane were largely flat against last week s indications as post Lunar New
Year demand began to pick up and market p
Japanese container carrier ONE said Jan. 31 its container liftings for its
fiscal third quarter trended lower amid operational bottlenecks and reduced
vessel sailings.
Sources say that all inclusive rates for trans Pacific sailings in the March
loading period have edged dropped significantly from pre Lunar New Year
bookings.
Feeder services between production hubs in South China and export gateways, set
to be suspended from mid December to mid February, are indications of an early
start to the Lunar New Year shutdown in C
Feeder services between production hubs in South China and export gateways, set
to be suspended from mid December to mid February, are indications of an early
start to the Lunar New Year shutdown in C
Container shipping line OOCL is launching a expressed shipping service
connecting China with Long Beach, California, in a bid to up efficiency and
capacity on the eastbound trans Pacific run, the Hong
All inclusive container rates on the trans Pacific route are set to jump again
ahead of the Lunar New Year holiday in February as retailers engage additional
inventory replenishment.
South Carolina container terminals registered their highest volume October on
record and marked eight months of consecutive record container volumes handled,
the port said Nov. 11.
Orient Overseas Container Line lifted 1,810,142 containers during the third
quarter, down 7.2% from Q3 2020, the Hong Kong based shipping company said Oct.
8.
The spread between eastbound trans Pacific all inclusive container freight rates
to the US East and West coasts is slimming as demand for West Coast imports
increases, while ports remain heavily conge
Container spot rates on the trans Pacific lane have surged above previous records as strong booking activity and limited supply led carriers to enforce large GRIs.
Container carriers are expected to maintain capacity on major trade lanes
through the typical Chinese New Year lull period as demand remains elevated and
global equipment shortages persist.