Spot freight rates for shipping a 40-foot container from Asia to the U.S. this week fell to ridiculously low levels.
06 Nov 2015
Trans-Pacific eastbound spot rates tested new lows this week.
30 Oct 2015
Spot rates on the Shanghai Container Freight Index to the U.S. West and East coasts bumped up this week.
23 Oct 2015
There was little to excite container shipping lines in the east-west trades in terms of spot rates this week, with the Shanghai Containerised Freight Index showing a weakening of Asia-U.S routes and flat prices on the China-Europe and Mediterranean lanes.
19 Oct 2015
Rates on the U.S. East Coast trade are falling as carriers take positions on next year’s opening of the expanded Panama Canal, and no amount of general rate increases between now and next spring will restore prices to previous highs, according to Drewry.
16 Oct 2015
Trans-Pacific spot rates for U.S. containerized imports showed mixed signals this week amid persistent signs of a tepid peak season for pre-holiday shipments.
09 Oct 2015
Spot rates on containerized imports from Asia were flat to down this past week even though October is normally the peak month of the year in the eastbound Pacific. Hopes for a strong peak season are therefore fading fast.
24 Sep 2015
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.