The Drewry benchmark rate for shipping from Hong Kong to Los Angeles eroded further this week, holding on to only $50 of the $250 per 40-foot-equivalent unit increase it achieved mid-November.
31 Jan 2013
Trans-Pacific spot rates dropped 3.4 percent to $2,438 per 40-foot container this week, showing erosion off a partially successful general rate increase implemented in the middle of the month, according to the Drewry Hong Kong-Los Angeles container rate benchmark.
25 Jan 2013
Container rates edged downward but overall were stable this week, showing that gains earlier in the month based on schedu
24 Jan 2013
A shipping executive in the trans-Pacific trade told importers to expect more canceled sailings than usual during the annual Chinese New Year celebration because many factories in Asia will stay closed for as long as three weeks beginning in February.
23 Jan 2013
Trans-Pacific eastbound spot rates held on to their gains of last week in an indication that the partial success of the $600 per 40-foot container rate increase to West Coast ports implemented on Jan. 15 may have staying power.
22 Jan 2013
U.S. Lines will implement a general rate increase for dry cargo in the trans-Pacific westbound trade from the U.S. to North Asia and Southeast Asia, effective Feb. 18.
21 Jan 2013
Spot rates from Shanghai to the U.S. West and East Coasts gained in the latest week according to the Friday release of the Shanghai Containerized Freight Index, but still fell well short of carriers’ planned Jan. 15 rate increases.
18 Jan 2013
Francisco Sanchez discusses progress of Obama Administration's National Export Initiative and of negotiations for the Trans-Pacific Partnership.
18 Jan 2013
As China goes, so goes the U.S. export trade in wastepaper and scrap metal. Unfortunately for shippers of these two key commodities, the news from China wasn’t very good in 2012.
17 Jan 2013
German carrier Hapag-Lloyd has postponed its general rate increase for dry shipments from Canada and the U.S. to East Asia, the Indian subcontinent and the Middle East.
17 Jan 2013
Singapore-based container carrier APL said it will implement a peak-season surcharge on trades from Asia and the Middle E
16 Jan 2013
CaroTrans has added a new weekly less-than-containerload export service from San Francisco to Japan.