Trans-Pacific

Trans-Pacific

Weekly wrap-up for Aug. 30, 2014
30 Aug 2014
Members of the International Longshore and Warehouse Union ratified a new collective bargaining agreement with grain handlers in the Pacific Northwest, ending a two-year battle between the two parties.
18 Sep 2013
When ocean shippers look at the fourth quarter, they see good news and bad news: It’s good news for them, and bad news for the container lines.
13 Sep 2013
Major container lines have announced planned rate increases for a variety of trades, as detailed below, slated to take ef
Shanghai Containerized Freight Index, U.S. West Coast, week ending Sept. 13, 2013. Source: Shanghai Shipping Exchange
13 Sep 2013
Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index slipped in the week ending Sept. 13 after two consecutive weeks of increases following a partially successful Sept. 1 general rate increase.
11 Sep 2013
FedEx Corp. Founder, Chairman and CEO Frederick W. Smith will deliver the opening keynote address at JOC Group’s TPM 2014 conference next March.
Drewry Container Rate Benchmark, Sept 11, 2013. Source: Drewry
11 Sep 2013
The average spot freight rate in the eastbound trans-Pacific trade fell $100 per 40-foot-equivalent unit this week, giving up much of the $250 per FEU gain seen last week.
North American exports to Far East Asia. Source: Container Trades Statistics
10 Sep 2013
Containerized exports from North America to Far East Asia experienced a year-over-year dip of 9.3 percent in June 2013, according to data from Container Trades Statistics Ltd. This is the largest decrease in 2013 so far, and the fourth straight month of declines of exports in this lane.
World Container Index rates to Shanghai. Source: World Container Index
06 Sep 2013
Trans-Pacific westbound rates from Los Angeles to Shanghai saw their steepest drop since Feb. 2012 in the week of Sept. 5, according to the latest release of the World Container Index.
Shanghai Containerized Freight Index, U.S. West Coast, week ending September 6, 2013. Source: Shanghai Shipping Exchange
06 Sep 2013
Spot container rates to the U.S. East and West Coasts measured by the Shanghai Containerized Freight Index saw increases, albeit slight, for a second consecutive week in the week ending Sept. 6. Gains during these weeks are a result of rate increases scheduled for Sept.1 by members of the Transpacific Stabilization Agreement for $400 per 40-foot container to the West Coast and $600 to the East Coast.
Drewry Container Rate Benchmark, Sept. 4, 2013. Source: Drewry
04 Sep 2013
The average spot freight rate in the eastbound trans-Pacific trade increased $250 per 40-foot-equivalent-unit container this week, achieving 62.5 percent of the proposed $400 per FEU increase recommended by the Transpacific Stabilization Agreement for September 1.