Orient Overseas Container Line moved more containers in the second quarter of 2016 than the same period a year before.
11 Mar 2016
Trans-Pacific spot rates this week followed the lead of the Asia-Europe trades and approached record lows, most likely signaling yet another year of overcapacity problems in the major east-west trade lanes.
10 Mar 2016
JOC’s annual TPM Conference is one of the premier events for the shipping and transportation industry. Bringing so many different players together across industry segments brings out a variety of perspectives and ideas whose exchange reveals valuable and unexpected insight while sometimes casting issues into a completely new, and unexpected, light.
04 Mar 2016
The spot rate for shipping a 40-foot container from Shanghai to the U.S. West Coast plunged below $1,000 this week to $884 in a normal seasonal move associated with the Chinese New Year celebrations in Asia. However, the drop was compounded by the overcapacity problem in the trans-Pacific.
01 Mar 2016
The trans-Pacific ocean container trade no doubt will be impacted by mergers and acquisitions among ocean carriers this year.
29 Feb 2016
Maersk Line expects container volumes in the eastbound trans-Pacific to increase between 5 and 5.5 percent this year but sees little or no growth in westbound volumes.
28 Feb 2016
Trans-Pacific shippers, still sore from U.S. West Coast port congestion, frustrated with schedule reliability and seeing no end to overcapacity draining spot rates, might be tempted to put the squeeze on carriers during annual contract negotiations. They should resist.
19 Feb 2016
Spot rates on the trans-Pacific tumbled this week as the pre-Chinese New Year demand that ramped up January container volumes in Southern California gateways dropped off and the slow season set in.
12 Feb 2016
Spot rates in the eastbound Pacific were flat this week as vessels left Asia filled with consumer merchandise before factories there closed for the annual Chinese New Year celebrations.
05 Feb 2016
Freight rates in the trans-Pacific edged lower this week as the final shipments left Asia before factories there shut down for two weeks for the Chinese New Year celebrations. Even larger declines in freight rates could take place in the coming weeks.
01 Feb 2016
In an increasingly uncertain container shipping market, price volatility is one of the few entirely predictable things left, was Drewry’s wry assessment of the wildly fluctuating freight rates on East-West trades.
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.