The spot market on Asia-Europe remained basically flat this week as carrier rate increases and capacity adjustments arrested a downward slide.
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Press Releases
17 Oct 2019
Citing environmental concerns, most carriers are rejecting the northern sea route through the Arctic as an option for container shipping, despite the commercial benefits derived from the shorter transit.
15 Oct 2019
Getting containers to inland factories on time is a crucial part of the production process, and delays can cause costs to mount quickly.
15 Oct 2019
The number of blanked sailings is growing on the Asia-Europe trades as carriers sit becalmed in the slack season with no clear idea of whether to expect a pre-Chinese New Year rush.
14 Oct 2019
While the “phase one” trade agreement reduces tensions between the US and China, the two sides are nowhere near reaching a more comprehensive deal at this time, a US-China business expert says.
14 Oct 2019
Sailing withdrawals and rising utilization levels on the Asia-North Europe route are not translating into spot rate increases, suggesting carriers are again chasing market share.
11 Oct 2019
The tariff war between the US and China has cooled significantly with news the two powers have reached a “very substantial” first phase of a trade deal.
10 Oct 2019
Global air freight continues to feel the effects of the trade dispute between the US and China, with demand falling for 10 straight months.
09 Oct 2019
Efficiencies gained by bringing together the four Hong Kong terminals into one joint venture will be passed on to the carriers and hopefully halt a long-running decline in the port throughput.
08 Oct 2019
In his keynote address at the JOC TPM Asia Conference in Shenzhen, Cosco's Wang Haimin said US tariffs are accelerating the shift of production of furniture, tires, machinery, and footwear from China to Southeast Asia.
08 Oct 2019
Growing US containerized exports to other countries in Asia are nowhere near enough to offset the rapidly declining exports to China as the US-China trade war drags on, exporters say.
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