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Spread between East, West coast ocean spot rates returns to pre-pandemic levels

Bill Mongelluzzo, Senior Editor | Jan 30, 2023, 5:11 PM EST

The premium rate that importers had been paying to ship Asian imports through the US East Coast has dropped considerably over the past few months, allowing the spread between East and West coast spot rates to narrow to pre-pandemic levels.

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Essential Reads

Big Flexport layoffs offer potential clue to its future identity

Eric Johnson, Senior Technology Editor | Jan 20, 2023

Scrutiny over Flexport’s job cuts earlier this month points to a long-term issue for the venture-backed logistics company: a perceived lack of identity in a market that has long been skeptical of its differentiation.

Ocean shippers may ‘pay up’ for secure capacity despite weak market

Peter Tirschwell | Jan 20, 2023

Even as weak economic conditions prevail during the annual service contract negotiating cycle, it does not automatically mean shippers will be driving the hardest possible bargains with newly vulnerable carriers.

Vietnam sees surge in deep-sea vessel capacity amid trade sourcing shift

Keith Wallis, Special Correspondent | Jan 23, 2023

With an increased focus by importers on geopolitics and “friend-shoring,” carriers are shifting an increasing volume of deep-sea vessel capacity away to Vietnam — and away from China.

Pass-through fees could disincentivize carriers from decarbonizing: shippers

Greg Knowler, Senior Editor Europe | Jan 17, 2023

Shippers are generally willing to share in the cost of reducing carbon emissions, but they worry a lack of transparency in pass-through charges could allow shipping lines to continue burning fossil fuels.

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