Pacific International Lines is looking beyond today’s bleak business climate and is aiming to make a splash later this month.
29 Apr 2016
After three straight weeks of decline, the spot rate for shipping a 40-foot-equivalent unit container from Shanghai to the West Coast shot up this week.
25 Apr 2016
Betting on the troubled container shipping industry probably makes more sense than investing in it, and a bookmaker would be salivating at the permutations available to the eight shipping lines “orphaned” by the Ocean Alliance that was formed last week.
22 Apr 2016
Spot rates in the eastbound trans-Pacific eroded this week in the interim period of lackluster import volumes that will continue for the coming month or so until traffic picks up in the summer-fall peak-shipping season.
18 Apr 2016
Spot market rates in the eastbound trans-Pacific edged lower for the second straight week, demonstrating that general rate increases taken by some carriers on April 1 are eroding.
12 Apr 2016
Shipping lines struggling under the burden of surplus capacity and weak demand appear to have abandoned all attempts to improve profitability this year, according to container contract rate data from Drewry.
05 Apr 2016
Spot rates in the eastbound trans-Pacific jumped inexplicably this week to both coasts after declining steadily for the previous 12 weeks. This could indicate the bottom in freight rates has been found and rates may climb as the trade moves closer to the busy summer and fall shipping season.
01 Apr 2016
Container lines are still slow-steaming their vessels despite the plunge in bunker fuel prices due to abnormal market conditions, including “rock bottom” ship charter and container leasing rates, according to Alphaliner.
28 Mar 2016
Eastbound trans-Pacific spot rates slipped 2 percent to a new low of $748 for a 40-foot container bound for the U.S. West Coast from Shanghai, as carriers and beneficial cargo owners negotiate contracts for the coming year.
18 Mar 2016
Spot freight rates from Shanghai to the West Coast hit a record low this week, dropping to $761 per 40-foot container.
16 Mar 2016
The 16th Annual TPM Conference in Long Beach generated industry headlines and insights available nowhere else. While those on the ground at the event got the early scoop, we have you covered with these key takeaways from the diverse array of panels and discussions hosted by our talented and experienced team of editors.
11 Mar 2016
Trans-Pacific spot rates this week followed the lead of the Asia-Europe trades and approached record lows, most likely signaling yet another year of overcapacity problems in the major east-west trade lanes.
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