Rates in the trans-Pacific eastbound trade from Asia to North America are starting to resemble the paltry Asia-Europe and trans-Pacific westbound numbers. Within a couple weeks, we may have three-digit numbers for spot rates for 40-foot containers moving from China-based ports to Los Angeles and Long Beach. I can’t recall seeing rates this low in my 42 years in the business.
An overview of container trade, container lines and shipping line news.
News & Analysis
27 Nov 2015
Spot freight rates on the Asia to North Europe and Mediterranean trades came surging back after last week’s record lows, most likely a result of carriers laying up greater numbers of the larger vessels deployed on the westbound trade.
26 Nov 2015
Mitsui O.S.K. Lines, one of Japan’s three largest shipping firms, is thinking of withdrawing from the Asia to east coast of South America trade.
23 Nov 2015
The Asia-Australia container trade is facing capacity cuts and service withdrawals in the next few months that should give added impetus to rising freight rates that have been increasing since mid-year on a better supply-demand balance.
13 Nov 2015
Spot freight rates for shipping a 40-foot container from Asia to the U.S. this week fell to ridiculously low levels.
12 Nov 2015
KMTC Line, South Korea’s third-largest container line and the country’s biggest player in the intra-Asia segment, is reviewing its fleet structure ahead of expected tougher conditions on intra-Asia routes next year due to rising capacity and sinking demand.
10 Nov 2015
Carriers on the Asia-Europe trade were on time more often in the past 12 months than their trans-Pacific counterparts, according to a study of container shipping schedule reliability by CargoSmart.
06 Nov 2015
Trans-Pacific eastbound spot rates tested new lows this week.
06 Nov 2015
Spot rates from Asia to North Europe and the Mediterranean this week fell 31 percent and 20 percent from last week, respectively, after rates in the last week of October skyrocketed as some carriers appeared to gain some of their Nov. 1 general rate increases.
05 Nov 2015
The Asia-Europe trade outlook going into 2016 has become increasingly uncertain because of the big unknown: When will the Chinese economy, the key driver of the head-haul westbound leg, bottom out. Questions also exist about whether the eurozone can maintain its snail’s pace recovery — and boost its imports from China — going into 2016.
04 Nov 2015
The pan-Asian CKYHE Alliance has blanked nine sailings from Asia to north Europe and the Mediterranean in response to shrinking demand in the slack winter season.