NEWPORT, R.I. — With overcapacity in the trans-Pacific likely at least until 2016, carriers are facing a tough time in eastbound negotiations for service contracts that renew on May 1.
Transpacific Stabilization Agreement
21 Mar 2014
Several container lines have scheduled rate hikes in multiple trade lanes from April to May, although any increases achieved could be temporary...
19 Mar 2014
Shipping lines in the eastbound trans-Pacific trade lane intend to advance by two weeks their previously announced rate hike that was scheduled for May 1.
29 Jan 2014
Member carriers in the Transpacific Stabilization Agreement plan to increase Asia-U.S. rates by $300 per FEU, effective March 15...
05 Dec 2013
The majority of public comments sent to the Federal Maritime Commission regarding the proposed P3 Network were supportive of the vessel-sharing alliance among the world’s three largest global container lines.
21 Nov 2013
Container shipping lines operating from Asia to the U.S. intend to restore baseline freight rates for late holiday season shipments in December and the pre-Lunar New Year period in January.
16 Oct 2013
Container shipping lines in the Transpacific Stabilization Agreement Westbound section are attempting to set...
15 Oct 2013
The discussion group representing shipping lines in the eastbound Pacific has recommended a guideline calling for a rate
14 Oct 2013
Rate volatility on the trans-Pacific ocean trade illustrates that existing regulations are not working as intended, according to the new the new head of UPS’s forwarding division in Asia.
27 Aug 2013
Shipping lines that carry U.S. exports to Asia intend to increase their freight rates by at least $100 per 40-foot container effective Oct. 1.
10 Jul 2013
When trans-Pacific eastbound spot rates plunged nearly 9 percent in the week ending July 10, it was the latest example that container shipping pricing this year has lost its staying power.
01 Jul 2013
Buoyed by positive reports on consumer confidence and spending, shipping lines that carry containerized imports from Asia announced today they plan to implement a peak-season surcharge of $400 per 40-foot container to all U.S. destinations effective Aug. 1.