Declining freight volumes and spot rates at pre-pandemic levels indicate the trans-Pacific will experience a “hard landing” in the coming months, an industry analyst said.
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
02 Dec 2022
Dismal November air cargo data has all but assured a weak end to 2022 with no sign of a seasonal uplift in demand or rate levels from an oversupplied market.
01 Dec 2022
Freight rates in many eastbound trans-Pacific service contracts have been renegotiated lower as carriers seek to prevent customers from bailing on them to take advantage of plunging spot rates.
30 Nov 2022
Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
29 Nov 2022
Vessel on-time performance to US ports continued to improve in October, although carriers in the eastbound trans-Pacific underperformed global schedule reliability.
29 Nov 2022
The ability of ocean carriers to manage their growing supply of excess capacity is becoming weaker by the week as supply chain bottlenecks ease and global economic headwinds strengthen.
28 Nov 2022
CMA CGM continued its run of extreme profitability in the third quarter, strengthening its already solid balance sheet and slashing debt levels, but it warned that economic headwinds are strengthening.
17 Nov 2022
Plunging imports from Asia in October, normally one of the busiest months of the year, signals a continued “flattening” of eastbound trans-Pacific demand in the coming months, according to Ben Hackett, principal at Hackett Associates.
17 Nov 2022
New energy ratings for ships to be imposed next year are a meaningful step toward decarbonizing the maritime industry and should not be a “box-ticking exercise,” according to Maersk.
11 Nov 2022
Soaring online orders for electronics and mobility devices are flooding the US postal services with undeclared lithium-ion batteries, posing a growing threat to the transport supply chain.
09 Nov 2022
The global air cargo industry is flying into bracing headwinds, but airline CEOs remain largely positive that demand will return early next year.
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