Carriers are preparing to heap more charges on customers, despite their struggle to provide reliable service as sustained demand and chronic equipment shortages disrupt the supply chain.
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 2020
Escalating box rates and tight capacity in the container carrier market are pushing service providers to bring in ships from the multi-purpose sector.
30 Nov 2020
The further deterioration in ocean reliability can be seen in vessel bunching this week at the Los Angeles-Long Beach port complex, where 20 container ships were waiting at anchor as of Monday.
27 Nov 2020
Shippers can expect sharp increases in annual contract prices as Asia-Europe spot rates spike ahead of a range of carrier increases and peak season surcharges
25 Nov 2020
CMA CGM on Dec. 4 will launch Seapriority Express from Yantian to Los Angeles with guaranteed equipment availability and priority loading in China, and chassis availability in Southern California.
24 Nov 2020
The ratio of cargo rollovers at transshipment ports continues to rise with carriers unable to maintain reliable schedules and battling to return equipment to Asia to serve the booming export trades.
23 Nov 2020
Rates and demand on the major east–west trades out of Asia have remained at high levels deep into the traditional slow season, driving up profitability and leaving shippers with the check.
20 Nov 2020
CMA CGM is the latest carrier to post a highly profitable quarterly result in what the CEO has called “a favorable environment” that is expected to continue into the fourth quarter.
20 Nov 2020
CMA CGM said its surcharge will apply to worldwide reefer shipments to Tianjin, including from the US, while MSC said its surcharge would be levied on reefer shipments from Europe.
19 Nov 2020
The forwarding share of Maersk’s business has remained constant over the past five years, and CEO Soren Skou is confident that the carrier’s logistics-focused strategy will not upset that relationship.
18 Nov 2020
Shippers forced out of air and ocean trades by limited space and high rates are turning to overland transport from China to Europe, but the high demand is stoking capacity and equipment issues.
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