Cracks in a sill of one of the new Panama Canal locks is “likely” to risk a delay in the scheduled April 2016 opening of the new locks, a Panama Canal Authority executive told Reuters.
24 Sep 2015
Matson learned years ago in its mainland to Hawaii service the importance of on-time performance, and it’s a lesson that has served the carrier well in operating its weekly express service from China to Long Beach.
23 Sep 2015
The general rate increases and capacity cuts that have defined the Asia-Europe trade for most of 2015 seem to be making their way to the trans-Pacific as carriers try to cope with overcapacity.
11 Sep 2015
Eastbound trans-Pacific spot freight rates softened a bit this week even as volume rose, sending an ominous signal to carriers hoping to cash in on holiday season merchandise imports.
08 Sep 2015
Back-to-back increases in freight rates on the Asia-Europe trade lane the past two weeks and the announcement of proposed increases in the eastbound Pacific to the U.S. indicate that peak-season volumes are finally starting to materialize in the important east-west trade lanes. And spot rates are rising, albeit from a low level.
28 Aug 2015
Just days before trans-Pacific ocean carriers aim to implement aggressive general rate increases on eastbound services to North America, average spot rates from Shanghai to the U.S. hit their lowest level in almost four years.
17 Aug 2015
A modest spike in freight rates in the eastbound Pacific last week offers the first indication that the trade could experience a strong peak-shipping season — and the threat of marine terminal congestion.
20 Jun 2015
The recent plunge in spot rates for trans-Pacific container shipments doesn’t reflect what cargo interests will pay as a result of recently negotiated service contracts with carriers for the coming year.
17 Jun 2015
An index measuring spot rates to ship a 40-foot container from Hong Kong to Los Angeles this week fell to a more than four-year low, a plunge somewhat explained in part by seasonal decline in demand, but still an ominous sign to carriers seeking general rate increases over the coming months.
27 May 2015
The results of the 2015-2016 trans-Pacific contracting season are mostly in, and although carriers dug in their heels to get rate increases, for the most part they fell short of getting what they wanted.
19 May 2015
The Transpacific Stabilisation Agreement has responded to queries from forwarders about contract guidelines introduced this year that recommend its member carriers set rates for 20-foot containers at 90 percent of the rates charged for FEUs.
06 May 2015
Saying that predictions of 20 percent over-capacity on all-water services to the East Coast this year “were based on faulty assumptions,” a carrier discussion agreement in the eastbound Pacific is recommending two general rate increases and a peak season surcharge.