Trans-Pacific

Trans-Pacific

14 May 2020
US imports from Asia declined 1.3 percent in April from the same month last year. It was the seventh consecutive month of year-over-year decline in imports in the eastbound trans-Pacific.
18 Mar 2020
The dearth of Asia volumes will give way to surges hitting North American and European ports that may be short-lived as recessionary conditions dampen demand.
13 Mar 2020
Double-digit week-over-week increase in West Coast spot rate Friday reflects a surge in US imports leaving Chinese ports, as well as the tightening of capacity due to blank sailings.
02 Mar 2020
Terminal operators in Los Angeles-Long Beach are canceling work shifts due to plunging cargo volumes, which is causing a backlog of empty containers in Southern California and could trigger chassis shortages if the condition is not resolved soon.
18 Feb 2020
Declining imports due to factory shutdowns in Asia from the Lunar New Year and the coronavirus are beginning to produce a shortage of empty containers in the US interior, with the shortages expected to spike in March.
Container capacity cuts can't stop coronavirus-fueled spot rate dive
17 Feb 2020
Carriers are not having much success in balancing capacity with falling demand as the coronavirus impact cuts China’s export volume.
PIL to exit trans-Pacific in March, citing ‘strategic review’
14 Feb 2020
Pacific International Lines, which participates in a half-dozen trans-Pacific services, mostly in slot-charter arrangements, is exiting the highly-competitive Asia-US trade lane.
10 Feb 2020
Logistics experts say a return to full production in China is unlikely before the end of February, while the post-Lunar New Year lull in the trans-Pacific could extend into March because of delayed factory re-openings due to the coronavirus.
Coronavirus to cost China ports 6 million TEU in Q1: analyst
05 Feb 2020
The first real estimate of the impact the coronavirus will have on China’s container supply chain has been made, and it is significant.
04 Feb 2020
Data shows that backhaul shippers are being partially subsidized by headhaul shippers; for the Pacific backhaul, that figure is roughly $1.6 billion annually.
03 Feb 2020
Beneficial cargo owners are increasingly worried that disruptions in the manufacturing and logistics supply chains in China could worsen in the coming weeks due to the coronavirus. One shipper group has asked carriers to extend free time for container storage in the US.
30 Jan 2020
A Chinese government mandate extending the Lunar New Year holidays due to the deadly coronavirus means carriers and US ports will experience slack-season volumes well into March.
Lunar New Year calm sets path for less volatile trans-Pacific
24 Jan 2020
This week before the beginning of Lunar Lunar was marked by scattered rolled cargo in Asia and flat spot rates in eastbound Pacific, indicating that the normal pre-New Year surge of imports did not happen.
OOCL has reported a good first year under the ownership of Cosco Shipping.
24 Jan 2020
The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
10 Jan 2020
Despite the continuation of US import tariffs on $370 billion in Chinese-made goods and a slowing global economy, Asian container trade growth is expected to accelerate in 2020.
Trans-Pac carriers recouping IMO surcharges, but scale unclear
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
K+N: Greener ocean services don’t always come at a premium
18 Dec 2019
On the east-west trades, some services with higher CO2 emissions come with the same cost and transit time as those services providing a more eco-friendly operation.
15 Nov 2019
The second straight weekly decline in spot rates in the eastbound Pacific seems to show that the peak shipping season was uneventful -- and that the 25 percent tariffs on $300 billion of imports from China due to go into effect Dec. 15 is having no significant impact on freight volumes.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
31 Oct 2019
Even before Wednesday’s announcement canceling the Nov. 15 Apec meeting in Chile, footwear importers were warned their industry would continue to encounter a drumbeat of uncertainty and possibly higher duty rates.
Trans-Pacific spot rates stabilize ahead of projected import bump
25 Oct 2019
Spot rates on the eastbound Pacific stabilized as carriers prepare for a possible spike in imports from China next month ahead of the next round of tariffs scheduled to take effect Dec. 15 in US-China trade war.
18 Oct 2019
A slight increase in eastbound trans-Pacific spot rates reflects final shipments that left China before Golden Week, but dozens of blank sailings already announced for October-November indicate carriers expect imports to be weak going forward.
17 Oct 2019
US imports from China fell 9.3 percent in September, the fifth straight monthly decline. Coupled with 37 blank sailings for October and November, it appears peak season will end on a sour note.
11 Oct 2019
The tariff war between the US and China has cooled significantly with news the two powers have reached a “very substantial” first phase of a trade deal.
08 Oct 2019
Growing US containerized exports to other countries in Asia are nowhere near enough to offset the rapidly declining exports to China as the US-China trade war drags on, exporters say.
07 Oct 2019
The US Customs and Border Protection is investigating three companies for possibly evading antidumping and countervailing duties on hardwood plywood imports.
03 Oct 2019
Small and mid-size NVOs are chipping away at the market shares of the top five NVOs in Asia-US trade by moving aggressively on smaller accounts and responding quickly to declining spot rates.
27 Sep 2019
After seeing four weeks of declining spot rates in September-- when rates should be increasing -- and with factory closures coming next week during Golden Week celebrations in China, NVOs who sell in the spot market say further rate declines are possible.
20 Sep 2019
With holiday season imports unable to gain traction and spot rates declining for the third consecutive week, peak-season 2019 will be defined by blanked sailings rather than surging cargo volumes.
30 Aug 2019
This week’s double-digit surge in spot rates is more tariff-driven than anything else because there is little cargo rolling in Asia to generate a bidding war among BCOs for vessel space leaving Asia.
23 Aug 2019
China announced its own round of new tariffs, prompting President Donald Trump late Friday to raise US tariffs on Chinese imports and instruct US companies to begin looking for alternatives to doing business with Beijing.
Trans-Pacific westbound spot rate plunge set to deepen
22 Aug 2019
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.
13 Aug 2019
13 Aug 2019
Imports from China were down 2 percent in July and 4.4 percent below the same period seven-month period in 2018.
12 Aug 2019
An almost 20 percent plunge in US imports from Asia in July shows the devastating impact of the trade war with China; import declines could worsen this fall with new tariffs starting in weeks.
08 Aug 2019
Reversing course, Global Port Tracker is now projecting monthly year-over-year declines, or minimal increases, in US merchandise imports in the trans-Pacific during the peak season.