There is not much in the container line tool box to address low rates. Carriers are loath to idle too much capacity or blank too many sailings lest they lose market share, and general rate increases that are regularly imposed never stick for long.
01 Feb 2016
The January run up to Chinese New Year is traditionally a busy one for exporters as beneficial cargo owners try to ship their products out of the country before the three-week factory shutdown and the carrier service deletions, and space on container ships is often at a premium.
29 Jan 2016
Spot freight rates on the Asia-U.S. trades held their ground this week, actually rising slightly and ensuring most of the sharp gains made in the Jan. 1 rate increase were retained for the rest of the month.
27 Jan 2016
The volume of cargo handled by the container trade around the globe this year will increase by a relatively “decent” 4 to 5 percent, but this growth will not be nearly enough to make a dent in the enormous glut of vessel capacity that will continue to erode freight rates.
26 Jan 2016
Could Amazon’s business of reselling goods produced by Chinese manufacturers allow it to create a profitable niche in transporting those goods into the U.S. and possibly other markets? Some believe that is the reason the giant online retailer is the newest NVOCC in the trans-Pacific.
22 Jan 2016
Orient Overseas Container Line reported a sharp drop in container volume and plunging revenue on the Asia-Europe trade in 2015, with a particularly dismal fourth quarter dragging down figures on the oversupplied route.
22 Jan 2016
Two weeks out from Chinese New Year and there is still no evidence of the traditional surge in cargo exports from China before the long holiday, with spot freight rates on Shanghai to North Europe and the Mediterranean declining sharply for the third week running.
15 Jan 2016
Spot freight rates in the eastbound Pacific drifted lower this week, though they remained in a narrow range that reflects a Jan. 1 general rate increase by carriers in the trade.
13 Jan 2016
Maersk Line is still the world’s largest ocean carrier by capacity but its closest rivals, Mediterranean Shipping Co. and CMA CGM, posted higher fleet growth rates during 2015, according to Alphaliner.
08 Jan 2016
Spot freight rates in the eastbound trans-Pacific edged down this week, which is probably a good sign for carriers considering that the rates had surged by more than 75 percent the week before.
08 Jan 2016
The freight rate volatility that characterized 2015 has continued into the New Year with spot prices falling across the major east-west trades and led by Asia-Europe and Mediterranean routes that gave back a good chunk of last week’s gains.
06 Jan 2016
Ocean freight rates for cargo moving under contracts on the major East-West trade routes continued to decline in the last quarter, according to Drewry’s Benchmarking Club that tracks a group of multinational retailers and manufacturers that monitor their contract freight rates.