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U.S. import growth by volume increased to 6.9% year over year in February, overcoming the downward pressure created by the Lunar New Year holiday. Asian routes drove that growth, with imports originating ports other than China up by 17.2% year over year. Chinese ports followed, increasing i... Read more →
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 →
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 →
Carriers and forwarders showed reduced import momentum when comparing September to the prior three months ending in Aug 31. Slowdowns were driven by a continued decrease in import growth from Asia excluding China and Europe, slowing to 9.8% and 3.6% year over year respectively. Imports load... 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 →
Hapag-Lloyd may have failed to capitalize on the recent shipping volume boom, with CEO Rolf Habben Jansen stating “the development of the transportation volume was somewhat unsatisfactory” in Q1’21. U.S. seaborne imports linked to the firm rose by just 3.5% year over year ... Read more →
The logistics industry enters 2021 in a state of imbalance that has led global benchmark container rates to reach $3,561 per FEU on Dec. 18 from $1,660 per FEU on Sept. 30. Existing system congestion could take months to clear while the specter of regulatory intervention hangs over the sect... Read more →
The ongoing elevated levels of container shipping rates globally, which are ending the year at record highs for most routes, has drawn the attention of regional authorities. The most recent has been Taiwan’s Ministry of Transportation and Communications which has called on the contain... Read more →
Hapag-Lloyd has raised its earning guidance for 2020 by 6.0% at the EBITDA mid point as the container line has found that “market demand for container capacities has continued to be surprisingly strong”. That marks a second upgrade in three months but may be due more to the surg... Read more →
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