Trans-Pacific

Trans-Pacific

SCFI: Asia-Northern Europe
22 Aug 2014
Another week of volatility in the spot market has brought container rates down over all of the major trade lanes, according to the latest readings of the Shanghai Containerized Freight Index.
18 Aug 2014
With vessels to the U.S. East Coast filled to capacity, and containerized imports to the West Coast also strong, carriers in the eastbound trans-Pacific intend to increase their rates...
18 Aug 2014
Multiple container lines have planned general rate increases in numerous trade lanes in August, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
Weekly wrap-up for Aug. 16, 2014
16 Aug 2014
Diversions related to the ongoing negotiations on the U.S. West Coast between the International Longshore and Warehouse Union and the Pacific Maritime Association continue to have an impact elsewhere.
The SCFI Shanghai-U.S. East Coast rate slipped just 0.2 percent week-to-week to $4,178 per 40-foot container.
15 Aug 2014
Growing volumes to the U.S. East Coast caused by cargo diversions and peak-season demand have buoyed spot rates on the lane.
Drewry’s benchmark spot rate from Hong Kong to Los Angeles dropped 4.6 percent week-to-week, falling to $2,075 per 40-foot container.
13 Aug 2014
Big gains in the spot rates from Hong Kong to Los Angeles began to erode this week, as a benchmark of the rate to the U.S. West Coast dropped $100 per container.
CMA CGM was correct in saying its PEX3 service had the fastest transit time from Yantian to Los Angeles at 13 days.
11 Aug 2014
It is becoming increasingly difficult for a shipper to determine which carrier in the eastbound trans-Pacific has the fastest transit time between two given ports, according to a new analysis from SeaIntel, a consulting firm.
Acting OOIL CFO Alan Tung
11 Aug 2014
Hong Kong-listed Orient Overseas (International) Ltd. reported a first-half net profit of $181 million as revenue and volume at its liner shipping division OOCL increased even though revenue per 20-foot container fell more than 5 percent.
Bill Rooney
10 Aug 2014
William Rooney, Kuehne + Nagel vice president, responds to questions about the current slower growth environment and the NVO ability to provide “something broader than rates” as the trans-Pacific trade evolves.
Yantian international container terminal. Photo: lzf / Shutterstock.com
10 Aug 2014
Asia’s ports reported strengthening of container throughput in the first half as the economic recovery of the U.S. and Europe drove up consumer spending and new export orders flooded into Chinese factories.
Weekly wrap-up for August 9, 2014
08 Aug 2014
Troubles in the Pacific Northwest dominated the news this week.
Ocean carrier rate revision roundup for August 8
08 Aug 2014
Major container lines announced general rate increases taking place in mid-August through October this week.