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Shipping rates continue to increase out of China, up 1.7% week to week as of the 14th. This was driven by increases in China to Europe rates, up 4.1% week to week and up 126.0% since the end of 2020. Carriers are likely enjoying these increased rates, posting increased profitability at the ... Read more →
Carrier and forwarder markets in November were affected by the continuing rise in ocean freight rates, up 1.2% on average after a lull in October. China to U.S. west coast routes were particularly affected, up 4.2% week to week as of Dec 10, and up 23.8% since the end of July. Other routes ... Read more →
Carriers have continued to benefit from the surge in imports, increasing profits over previous years due to a positive volume and rate environment. This totaled 48.1 billion in Q3 and will likely impact the strategy and plans of carriers into the new year. Carriers are likely warry of allow... Read more →
The Meidong Container Terminal at Ningbo Zhoushan Port in China has had to close due to a COVID-19 outbreak. A similar event at Yantian in May and June took almost a month to ultimately resolve. Shipments from Ningbo to the U.S. represented 19.0% of U.S. seaborne imports from China in the 1... Read more →
Orient Overseas has launched a new, rail-and-sea containerized freight service from Xi’An in China to the U.S east coast via Bremerhaven in Germany. That may prove attractive to shippers that faced disruptions as a result of the Suez Canal blockage earlier in 2021. It may also help ma... Read more →
The U.S. Federal Maritime Commission has launched an “expedited inquiry” into port congestion charges, targeting eight container shipping which represented 50.2% of U.S. seaborne imports of containerized freight in Q2’21. That follows: a surge in “freight all kinds&#... Read more →
President Biden’s “Promoting Competition in the American Economy” Executive Order includes measures relating to the shipping and rail segments of the logistics industry. The provision for shipping appears modest and calls on the Federal Maritime Commission to “ensure... Read more →
Container lines operating U.S.-inbound routes had another bumper month in May with total imports that rose by 47.1% year over year and by 25.0% compared to the same period of 2019. There are significant challenges ahead, however. In the short term, shipments from ports in southern China hav... Read more →
Container lines running U.S.-inbound services continue to face elevated demand with total shipments up by 26.9% year over year and by 21.7% versus 2019 in the month of April. Strong demand in a fixed capacity (on a two to three year basis) industry has inevitably led to higher shipping rate... Read more →
The container shipping firms are starting to restructure their services following prolonged network congestion. Maersk and MSC (the 2M shipping alliance) are restructuring their “pendulum” services which alternate between the Atlantic and Pacific oceans to “improve schedule reliability in t... Read more →
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