<div class="phx-topic abstract-wrapper"><p>The spot market rates are well above year-over-year levels, despite an evaporation of demand that has hit carriers hardest this second quarter.</p></div>

The spot market rates are well above year-over-year levels, despite an evaporation of demand that has hit carriers hardest this second quarter.

3635286_FI.jpg

<div><p>Rapidly withdrawing capacity on east-west trades to prevent a rate collapse has been a highly successful strategy for carriers navigating the demand-crushing coronavirus disease 2019 (COVID-19) that shut down the major markets of Europe and North America.</p><p>By cutting so many...

Maritime

Capacity cuts raise container line rates despite falling demand

<div class="phx-topic abstract-wrapper"><p>The carrier was commenting as Taiwan's Big Three container lines reported that they saw a surge in revenues in the third quarter due to higher freight rates and buoyant cargo volumes.</p></div>

The carrier was commenting as Taiwan's Big Three container lines reported that they saw a surge in revenues in the third quarter due to higher freight rates and buoyant cargo volumes.

Feature image

Container lines

Trans-Pacific

Container Shipping News

Panama restrictions, intra-Asia peak to support carrier Q4 revenues: Yang Ming

<div class="phx-topic abstract-wrapper"><p>Port employers and the local longshore union have a new five-year labor deal in place following government-mandated arbitration proceedings that started over a year ago.  </p></div>

Port employers and the local longshore union have a new five-year labor deal in place following government-mandated arbitration proceedings that started over a year ago.

Port News

North American ports

International ports

Longshore labor

Arbitration ends long-running contract standoff at Port of Montreal 

<div class="phx-topic abstract-wrapper"><p>The 40-year veteran of the maritime industry will become COO of the Shipping Association of New York and New Jersey, overseeing day-to-day implementation of the local labor agreement between marine terminals and longshore workers. </p></div>

The 40-year veteran of the maritime industry will become COO of the Shipping Association of New York and New Jersey, overseeing day-to-day implementation of the local labor agreement between marine terminals and longshore workers.

Marine terminals

NY-NJ port employers name John Atkins to leadership role

<div class="phx-topic abstract-wrapper"><p>Weekly scheduled capacity passing through the Bab el-Mandeb Strait last week reached 48% of pre-Houthi attack levels, according to Xeneta. </p></div>

Weekly scheduled capacity passing through the Bab el-Mandeb Strait last week reached 48% of pre-Houthi attack levels, according to Xeneta.

Gemini to add new Suez string to expanding Asia-Med services

<div class="phx-topic abstract-wrapper"><p>The fresh disruption includes lengthier berthing delays at the UAE ports of Fujairah and Khor Fakkan and strained feeder capacity on the trade after the recent attacks in the Strait of Hormuz. </p></div>

The fresh disruption includes lengthier berthing delays at the UAE ports of Fujairah and Khor Fakkan and strained feeder capacity on the trade after the recent attacks in the Strait of Hormuz.

Congestion, vessel attacks exacerbate India-Middle East cargo flow strain

Use code GTT26W at checkout and save $900 on first year of an annual Gold subscription!

Upgrade Subscription - Gold Trials

Become a Gold Subscriber and Save!

Arm your team with the most trusted information portal for the international container shipping industry.

Group Subscriptions - Wide Box

Get into a group subscription today

Use code FFTW25 at checkout to save 25% on a Silver or Silver Plus annual subscription! 

Subscribe Now - FT to S/SP - Wide Box

FALL SALE

Use code GW595 and upgrade to Gold for just $595! Valid for first year of subscription.

Upgrade Subscription - S/SP to Gold - Wide Box

UPGRADE AND SAVE

Use code FW25 at checkout and save 25% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Wide Box

LABOR DAY SALE

Access Journal of Commerce content for 30 days

Free Trial - Wide Box

START A FREE TRIAL TODAY

Use code FFTGW995 at checkout to save $600 on first year of a Gold subscription!

Subscribe Now - FT to Gold - Wide Box

Use code FGW995 at checkout and save $500 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Wide Box

FALL SALE: Use code FFTW25 to save 25% on first year of a Silver or Silver Plus annual subscription!


Subscribe Now - FT to S/SP - Offer Box

Subscribe and Save

GET INTO A GROUP SUBSCRIPTION: Arm your team with unlimited Journal of Commerce content

Group Subscriptions - Offer Box

Group Subscriptions

FALL SALE: Use code FW25 at checkout and save 25% on a Silver or Silver Plus annual subscription!

Subscribe Now - Anonymous to S/SP - Offer Box

SUBSCRIBE TODAY

UPGRADE TO GOLD AND SAVE: Use code GTT26W at checkout and save $900 on first year of a Gold subscription!

Upgrade Subscription

FALL SALE: Use code FGW995 at checkout and save $500 on a Gold annual subscription!

Subscribe Now - Anonymous to Gold - Offer Box

UPGRADE AND SAVE: Use code GW595 and upgrade to Gold for just $595! Valid on first year of subscription.

Upgrade Subscription - S/SP to Gold - Offer Box

FALL SALE: Use code FFTGW995 and save $500 on the first year of a Gold subscription!

Subscribe Now - FT to Gold - Offer Box

SUBSCRIBE AND SAVE

Monthly publication providing an editorial deep dive into global supply chain news

Journal of Commerce Magazine - Rectangle Box

Journal of Commerce Magazine

A premium access index of savings using domestic intermodal vs. OTR 

ISI Report - Rectangle Box

Intermodal Savings Index

An in-depth analysis of transport trends in the multipurpose and heavy-lift fleet segment

Breakbulk Report - Rectangle Box

Breakbulk Quarterly

An extensive dashboard of charts organized by trade lane, mode, and topic

Gateway - Rectangle Box

Gateway

Customers scoring their intermodal partners to identify the best service providers

Intermodal Service Scorecard - Rectangle Box

Intermodal Service Scorecard

A premium access outlook critical to shippers and transportation providers

QI Report - Rectangle Box

Quarterly Intelligence

The premier conference for the global container shipping and supply chain community

TPM Conference - Rectangle Box

Attend TPM27

The only editorially independent conference for the breakbulk & project cargo industry

Breakbulk Conference - Rectangle Box

Attend Breakbulk27

The <i>Journal of Commerce</i> is the industry’s source for maritime news and analysis about ocean container shipping, logistics, supply chains, global shipping ports, shipping technology solutions and end-to-end connectivity. Coverage tracks the movement of containerized cargo — from origin to destination — handled by marine terminals in the US and abroad, depots, container ports, container lines, drayage, consignees and shippers, forwarders, non-vessel operating common carriers (NVOs) and off-dock warehousing providers, as well as pricing, capacity, volume and reliability on the trans-Pacific, Asia–Europe, North America–Caribbean, Central and South American and intra-Asia trades.

Breakbulk news and analysis of the movement of breakbulk cargo, heavy lift and project cargoes from origin to destination.

Breakbulk News shipping | Journal of Commerce

Breakbulk News

Container shipping news and analysis of ocean container shipping, logistics, supply chains, technology and end-to-end connectivity.

Container Shipping News | Journal of Commerce

Stay informed on port news worldwide with Journal of Commerce. From decarbonization to labor updates, get insights on global developments.

Port News | Journal of Commerce

News and analysis of ocean containerized cargo movement, logistics, supply chains, technology, and end-to-end connectivity. Maritime news and analysis of containerized ocean cargo movement, breakbulk and roll-on and roll-off shipping from origin to destination.

Latest News

More News & Analysis

Panama restrictions, intra-Asia peak to support carrier Q4 revenues: Yang Ming

Arbitration ends long-running contract standoff at Port of Montreal

NY-NJ port employers name John Atkins to leadership role