Ocean carriers could find themselves under pressure from shippers to revisit long-term contracts as spot market rates tumble on the trans-Pacific and Asia-Europe trade lanes.
The latest news and analysis on containerized shipping and global trade with China.
Guangzhou Port Group/Port of Nansha North America announces Rod Ragoner as vice president of sales and marketing
22 Jun 2022
US retailers’ stockpiling of inventory has not only swelled the number of import boxes sitting on marine terminals and railheads, it has also left thousands of chassis idled with unopened containers on top of them at distribution centers around the country.
21 Jun 2022
The air freight industry is seeing a welcome increase in the urgently needed long-haul belly cargo capacity available to the market as international travel starts picking up.
17 Jun 2022
Global volume data shows a slowing of the container shipping market, and a new forecast does not expect any strengthening of demand this year.
15 Jun 2022
Robust imports from Asia in May produced a new record, defying concerns about high inflation in the US and COVID-19 lockdowns in Shanghai.
13 Jun 2022
South Korea’s shipowners’ association said penalties imposed by regulators would damage the country’s link to the global supply chain and lead large foreign carriers to avoid South Korean ports.
10 Jun 2022
Already congested ports in North Europe are bracing for a spike in volume this summer following the lifting of COVID-19 lockdowns in China, but deteriorating economic conditions in Europe could cause demand to drop in the fourth quarter.
08 Jun 2022
US retailers are forecasting near-record imports through the peak shipping season as back-to-school goods that have already begun landing are followed quickly by holiday season merchandise.
08 Jun 2022
China’s rolling COVID-19 lockdowns and significant disruption linked to Russia’s invasion of Ukraine have left the global air freight market to face a difficult second half of the year.
07 Jun 2022
Forwarders say they expect an earlier-than-usual peak season that will lift trans-Pacific spot rates that have been easing, but the trimming of retail orders and front-loading of cargo cloud the longer-term outlook for the health of Asian imports.
06 Jun 2022
A new working arrangement that for the first time allows pilots from Hong Kong and Shenzhen to navigate in each other’s waters aims to mitigate delays stemming in part from a pilot shortage in Yantian.
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