The results of the 2015-2016 trans-Pacific contracting season are mostly in, and although carriers dug in their heels to get rate increases, for the most part they fell short of getting what they wanted.
An overview of container trade, container lines and shipping line news.
News & Analysis
26 May 2015
CMA CGM is launching a trans-Atlantic service with Hamburg Sud and United Arab Shipping Co., and enhancing another service after the French carrier shipped 35 percent more volume between the U.S. East Coast and North Europe in the first three months compared to the same period year ago.
19 May 2015
Despite an environment of overcapacity, two of the largest carriers in the Asia-Europe trade intend to increase freight rates on June 1.
19 May 2015
The Transpacific Stabilisation Agreement has responded to queries from forwarders about contract guidelines introduced this year that recommend its member carriers set rates for 20-foot containers at 90 percent of the rates charged for FEUs.
18 May 2015
The North Atlantic, for long the “sleeping dog“ of container trades, is “waking up,” as rising European imports on the back of a strong U.S. dollar lift freight rates and attract new services, according to Drewry Maritime Research.
06 May 2015
Saying that predictions of 20 percent over-capacity on all-water services to the East Coast this year “were based on faulty assumptions,” a carrier discussion agreement in the eastbound Pacific is recommending two general rate increases and a peak season surcharge.
05 May 2015
Eastbound trans-Pacific liner reliability has improved for the first time this year, but liner reliablity on the opposing direction fell to the lowest point since JOC.com began collecting SeaIntel data in August 2011.
04 May 2015
Trans-Pacific ocean carriers have been digging in their heels to get rate increases in their 2014-2015 trans-Pacific ocean contracts and have been getting increases in some cases, especially on routes from Asia to East Coast ports. But rates negotiated for shipments from Asia to West Coast ports have been flat or lower than last year in some cases when bunker fuel surcharges are included in the rate.
29 Apr 2015
Based on the rates one importer has negotiated in its annual trans-Pacific contracts, it appears likely that shippers may have to ante up for freight rates that are substantially higher than in the past few years.
28 Apr 2015
A rush by container lines to add services threatens to create overcapacity and undermine rates on all-water services between Asia and the U.S. East Coast, Alphaliner reports.