The spot rate is a psychological element for container carriers and shippers engaged in the early stages of trans-Pacific service contract negotiations.
Mark Szakonyi, JOC.com Executive Editor
Lawrence J. Gross, President, Gross Transportation Consulting
Amid problems of port congestion and inefficiency at US ports, and the structural difficulties of changing well-established practices in the face of shipping overcapacity, are bright rays of light that indicate progress is possible even under adverse conditions.
Reforms to the PierPass program at the ports of Los Angeles and Long Beach are being considered as complaints need to be addressed. But whatever happens, the core achievement of PierPass can’t be undone. It’s too late for that.
Gary Ferrulli, president-North America, Unicon Logistics.
Two announcements already this year have the container industry abuzz, and one could be a game-changer. OOCL may be for sale, with pundits citing Cosco, Evergreen, China Merchants, and CMA CGM as possible buyers. But China’s announcement that it will invest $26 billion in Cosco over the next five years is the true game-changer.
Colin Barrett, President, Barrett Transportation Consultants
Intact shrink-wrap serves as evidence that a shipment itself is intact, but that’s only one piece of evidence, and is by itself only suggestive.
Growth in demand for multipurpose shipping is expected to be modest during the next few years, but increased scrapping and reduced shipyard orders are holding capacity expansion in check.
Susan Kohn Ross, international trade attorney, Mitchell Silberberg & Knupp
A US report on the cyberattacks related to the 2016 presidential election offers timely tips and recommendations for companies seeking to keep their information systems secure.
Gary Ferrulli, president-North America, Unicon Logistics
I see a continuing pattern of slow growth in global trade and more deliveries of container ships ordered two to four years ago, creating a mathematical overcapacity situation, which could mean the rollercoaster ride in rates of the past several years will continue, as will the industry’s financial losses.
A controversial program Mexico installed on Jan. 1 that raises fuel prices by up to 20 percent soon will trickle down to trucking operators and ultimately to the automotive, white goods, and other manufacturers and suppliers surging into Mexico.
Robert M. Shelala II, principal, a NY-based logistics company
With president-elect Donald Trump just days away from taking office, the stakes could not be higher for international commerce.
Shippers and service providers had their share of shocks to the system last year, and 2017 may emerge as another year of challenges for the supply chain industry.
The so-called capacity crunch — with its promise of tighter trucking capacity, higher shipping rates, and an era of prosperity for intermodal rail — has dominated discussions for the past two years.
Mario O. Moreno, Senior Economist, IHS Maritime & Trade
US containerized imports stayed on an upward trend in 2016 despite strong headwinds.
Never before has the container shipping industry witnessed a series of mergers, acquisitions, failures, and restructurings at the pace and scale it’s seen over the last year. Has the industry transformed in a way that will accrue to the benefit of the customer?
More on JOC
Jun 22, 2017 2:00PM EDT
Jun 15, 2017 2:00PM EDT
Jul 13, 2017 2:00PM EDT