International Freight Shipping

News relating to the import and export business, including customs, current economics and more.

Commentary

When Ron Widdows, CEO of shipowner and lessor Rickmers Group, was asked at the TPM conference, “Is there any hope for this industry?” he replied: “Unless the people who are running the companies get to the point where they can price the product at a level where they can make money, then we will stay at the same rate levels for years.”

News & Analysis

U.S. containerized imports, March 2013 to March 2014
14 Apr 2014
U.S. containerized import volume jumped 15.1 percent year-over-year in March 2014, the largest increase in 13 months, according to advance figures from PIERS, the data division of JOC Group Inc.
The SCFI for North Europe dropped 6.9 percent in the week ending April 11.
11 Apr 2014
Spot container freight rates measured by the Shanghai Containerized Freight Index were mixed this week, as the Asia-Europe lane observed declines while the Asia-U.S. route saw gains.
Ocean Carrier Rate Revision Roundup for April 11
11 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May, although any gains achieved could be fleeting as overcapacity and lackluster global demand continues.
10 Apr 2014
The number of foreign trade containers handled by the Port of Osaka in western Japan rose to a new record high in 2013, according to preliminary figures from the Osaka municipal government.
10 Apr 2014
U.S. shippers in the coming weeks will engage in a full-court press on Capitol Hill and at the White House to voice the importance of preventing labor disruption at West Coast ports as the expiration of the current coastwise longshore agreement approaches.
Container ship in Hamburg, Germany.
08 Apr 2014
The 2013 financial reporting season for container lines ended for many carriers in a sea of red ink as high bunker prices and weak freight rates combined to drag down profits.
07 Apr 2014
The ports of Los Angeles and Long Beach handled 40.9 percent of all U.S. containerized imports in 2013, and 25.5 percent of U.S. exports.
The SCFI for North Europe rose 2.3 percent in the week ending April 4.
04 Apr 2014
Spot container freight rates from Shanghai to northern Europe ports measured by the Shanghai Containerized Freight Index held on to gains achieved from April 1 general rate increases...
Ocean Carrier Rate Revision Roundup for April 4
04 Apr 2014
Multiple carriers have planned rate increases in various trade lanes in April and May...
03 Apr 2014
NEWPORT, R.I. — Retailers are stepping up their criticism of management and labor in the upcoming West Coast longshore negotiations, saying they should give shippers the predictability they are looking for by using the time between now and the June 30th contract expiration to get a deal done.