Commodities traditionally dominate U.S. containerized exports in terms of volume, but the stars are rarely aligned for U.S. exporters.
18 Dec 2015
Freight rates in the eastbound trans-Pacific continued to sink this past week, with spot freight rates to both the East and West coasts hitting new lows for the year.
15 Dec 2015
Westbound trans-Pacific carriers intend to implement modest rate increases of $100 per 40-foot container from West Coast ports to Asia, and $200 from the East Coast, in order to prevent rates from falling so low that it would make more financial sense to ship the containers back to Asia empty.
11 Dec 2015
Spot freight rates in the eastbound trans-Pacific continued to deteriorate this week, with rates to the West Coast sinking faster than those to the East Coast, according to the Shanghai Containerized Freight Index published on JOC.com’s Market Data Hub.
13 Nov 2015
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.