International Freight Shipping

International Freight Shipping

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

Commentary

The transloading trend is placing severe pressure on the largest container gateway in the Americas, where the adjacent Los Angeles and Long Beach ports handled a combined 14.4 million 20-foot-equivalent units last year.

News & Analysis

19 Dec 2014
Carriers announced general rate increases that span into February this week, as spot rates around the globe respond to mid-December rate hikes. Drewry Maritime Research’s World Container Index composite index, which measures 11 East-to-West trade lanes, jumped a cumulative 35.8 percent this week.
19 Dec 2014
Provisions to boost U.S.-flag ships’ required share of government-purchased food aid were deleted from the final version of a Coast Guard authorization bill that President Obama signed into law this week.
18 Dec 2014
Strong growth in the Southeast Asia container trades will be a key focus for Maersk Line’s new Asia-Pacific chief executive Lars Mikael Jensen, who was appointed regional head in September.
17 Dec 2014
Rising volumes propelled FedEx profit up 23 percent year-over-year to $616 million in its second quarter ended Nov. 30, the second-largest U.S. transport operator reported today.
16 Dec 2014
The price per metric ton for both low and high sulfur fuel dropped almost 10 percent during the week of Dec. 12, the second consecutive week of large losses.
15 Dec 2014
Ocean carriers will reap considerable financial benefits from cheap oil in 2015 if prices stick close to current five-year lows, but shippers will be the big winners, according to Drewry Shipping Consultants.
13 Dec 2014
Delays in receiving holiday sale inventory will likely affect fourth-quarter results of some shippers as they incur the added costs of diverting cargo and lost sales.
10 Dec 2014
Spot freight rates are falling faster than the bunker fuel price and helping to erase any long term gain in profitability for the over-supplied container shipping industry.
08 Dec 2014
Fuel prices out of Rotterdam, a leading global indicator of the broader fuel market, dropped over 10 percent last week, the latest in a downward spiral that began in July.
08 Dec 2014
Congestion at Asia ports this is year is continuing to force intra-Asia carriers to charter feeder ships more frequently and for shorter time periods in order to maintain weekly schedules.