The sky-high ocean freight rates into the US East Coast have beckoned an increasing number of ‘tramp’ ships trying to secure berth space for container discharge at the NY-NJ port.
Pacific International Lines
Pacific International Lines
Pacific International Lines news and analysis. Get the latest news about Pacific International Lines and the container shipping & maritime industry.
24 Feb 2021
Container carriers that deployed extra loaders and those that provided express services in the resurgent Asia-US trade saw the largest volume gains in 2020
27 May 2020
A wave of government support measures and the rising threat of overcapacity speaks to the pain on the way, even if carriers have shown they’ve learned from the 2008-2009 global financial crisis not to pull punches when it takes to cutting capacity quickly.
14 Feb 2020
Pacific International Lines, which participates in a half-dozen trans-Pacific services, mostly in slot-charter arrangements, is exiting the highly-competitive Asia-US trade lane.
19 Nov 2019
Pacific International Lines is expanding its weekly Vietnam service to the US with the addition of a second call in Vietnam amid a double-digit jump in eastbound container volumes from the southeast Asian country.
14 Oct 2019
Carriers will blank at least 37 individual sailings this month and next and suspend an entire weekly service as they attempt to stop further erosion in freight rates in the eastbound Pacific.
04 Sep 2019
Amid signs of newfound and relative stability, the container shipping industry faces two imminent challenges.
19 Aug 2019
Carrier market share in the trans-Pacific is not expected to change much in the next few months, in part because carriers will manage capacity by blanking individual sailings and deploying extra-loader vessels to handle import surges.
02 Aug 2019
Spot rates in the eastbound Pacific are starting to firm, but will not increase as dramatically as they did during the 2018 peak season because importers are taking tariff announcements in stride.
22 Jul 2019
Cosco had a 10.3 percent share of capacity on the east coast of South America-to-Far East route earlier this year, and has plans to grow that with extra loaders and bigger vessels through the remainder of 2019.
04 Jul 2019
Carriers and shippers alike must adapt to the new realities of a container shipping market in which only a handful of large players control the vast majority of capacity.
22 May 2019
The Ocean Alliance will skip two Asia-US West Coast sailings in June in an effort to maintain rates as the US-China trade war takes a toll on volume.
05 Apr 2019
Container carriers are increasing capacity to Vietnam as manufacturers shift production from China to Southeast Asia.
30 Nov 2018
The cuts come even amid reports of Brazilian coffee and cotton exporters scrambling for outbound capacity out of the ports of Santos and Vitoria.
29 Nov 2018
The combined US import market share of the Top 5 US import carriers slipped 0.3 percentage points to 58.1 percent from January through September, while the Top 5’s US export share fell 0.8 percentage points to 58.4 percent, according to data from PIERS, a sister product of JOC.com.
06 Nov 2018
A report on the status of instant quotes in container shipping.
05 Nov 2018
Top 40 US import/export carriers: the strong US import volumes, particularly from Asia, have benefitted container lines, with year-over-year gains rising steadily since April on tariff fears. Zim and Pacific International Lines recorded the largest US import percentage gains.
10 Sep 2018
The Top 5’s losses were driven exclusively by shippers shunning the Ocean Network Express, and there was another shipper trend that provides an insight regarding how shippers responded to alliances.
04 Jun 2018
Dozens of shippers have complained for months about the Asia-east coast of South America trade lane’s lack of space.
09 Apr 2018
The Top 5 container lines serving the United States slightly increased their combined share of imports in 2017, but dominance of their exports receded.
07 Feb 2018
PIL has broken rank from the three large vessel sharing agreements that currently share the Asia to East Coast of South America trade lane and is introducing a new fortnightly container service.
28 Nov 2017
Independent container lines increased their combined market share as well as their total volume of imports in the third quarter.
04 Oct 2017
The Goods and Services Tax (GST) rollout in July dampened growth in the first half.
06 Sep 2017
A charter deal between Cosco and PIL will address capacity shortages in certain trades and allow the Chinese carrier to utilize surplus tonnage.
15 Aug 2017
Singapore carrier PIL and port operator PSA are exploring blockchain technology with IBM, the latest container shipping industry players to link up with the IT giant.
26 Jul 2017
Carriers large and small battle for market share and profits in the Pacific.
24 Jul 2017
PIL has declined to speculate on the attractiveness of the mid-sized carrier as a takeover target.
19 Jul 2017
Pacific International Lines' traffic in US imports from Asia rose 67 percent year over year in the second quarter.
20 Mar 2017
The two partners will coordinate their resources to provide cold chain logistics solutions.
25 Jan 2017
It will be a busy marketplace on the trans-Pacific from April as smaller carriers and the mega alliances all compete for a share of the growing US import container trade.
06 Oct 2016
PIL is the latest of a series of global transportation and logistics service providers seeking new growth opportunities in India.
13 Sep 2016
The port says the new service could boost traffic by 30,000 TEUs per year.
25 Aug 2016
A group of Asia-based container lines are teaming up to offer new joint services on the intra-Asia trade.
19 Aug 2016
Pacific International Lines has signed a memorandum of understanding with China’s largest public port operator and a mainland construction giant to develop new markets.
03 May 2016
Pacific International Lines is looking beyond today’s bleak business climate and is aiming to make a splash later this month.
18 Jan 2016
Mitsui O.S.K. Lines, Wan Hai Lines, Interasia Lines and Pacific International Lines are expanding their current cooperation in trades to and from India by introducing a new intra-Asia loop, dubbed the China-West Coast India, or CIS, starting at the end of February.
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