Trans-Pacific

Trans-Pacific

Weekly wrap-up for July 19
19 Jul 2014
While it is obvious that beneficial cargo owners shipped early this year through the West Coast in anticipation of the July 1 deadline for contract negotiations between the International Longshore and Warehouse Union and waterfront employers, reports of cargo surges at Canadian and U.S. East Coast ports in May and June indicate retailers were also diverting shipments away from West Coast ports.
16 May 2014
The ports of Los Angeles and Long Beach, which combined handle more than 40 percent of U.S. container trade, both reported double-digit monthly container import growth in April.
Ocean Carrier Rate Revision Roundup for May 16
16 May 2014
Multiple carriers have planned general rate increases in various trade lanes in June and July, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat again in the week of May 14
14 May 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat again in the week of May 14, but the analyst expects a brief uptick following the general rate increases planned for mid-May.
09 May 2014
As West Coast waterfront employers launch contract negotiations on May 12 with the International Longshore and Warehouse Union, many beneficial cargo owners are planning to ship their freight through alternative gateways in the event of disruptions or a work stoppage.
The SCFI for North Europe rose 7.4 percent in the week of May 9.
09 May 2014
Spot container freight rates as measured by the Shanghai Containerized Freight Index continued to climb on the Asia-Europe lane this week, but Asia-U.S. rates slipped.
Ocean Carrier Rate Revision Roundup for May 9
09 May 2014
Multiple carriers have planned general rate increases in various trade lanes in May and June, although any gains achieved could be fleeting as overcapacity and sluggish global demand continue.
09 May 2014
Zim yesterday announced the imminent launch of an enhanced service structure between Asia and the West Coast of North America after it agreed to expand its cooperation with the G6 Alliance.
09 May 2014
The results of the 2014-15 service contracting season in the eastbound Pacific are in, and from the perspective of ocean carriers, they’re not pretty.
08 May 2014
Profits in international forwarding are becoming increasingly squeezed as competitors drop prices to gain volumes and as underlying rates remain weak due to overcapacity and slowing growth in both ocean and air markets.
Drewry's Hong Kong-Los Angeles Container Rate Benchmark
07 May 2014
The Drewry benchmark rate for shipping from Hong Kong to Los Angeles was flat this week, but the analyst anticipates a short-term boost around the general rate increases planned for mid-May.
06 May 2014
Continuing improvement in the Hawaiian economy should lead to modest growth in the Hawaii trade this year, according to a container carrier serving the islands.