After more than a year of year-over-year negative comparisons since the Hanjin bankruptcy, trans-Pacific spot rates to the East Coast reached parity with the same week a year ago, and almost reached parity to the West Coast, indicating that spot rates have returned to normal seasonal trends.
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May 17, 2018 4:00PM EDT
Press Releases
16 May 2018
Beneficial cargo owners will enjoy lower ocean freight rates in their 2018-2019 service contracts, but the total all-in charge for ocean, truck, and bunker fuel costs will be higher than last year.
09 May 2018
China is increasing pressure on US exporters, creating costly delays.
27 Apr 2018
Beneficial cargo owners don’t know how to interpret a 21.8 percent increase to the West Coast and an 8.1 percent jump to the East Coast in spot rates this week. There are two, alternate theories regarding why this occurred.
27 Apr 2018
All three carriers in Ocean Network Express highlighted the supply-demand balance as having an influence on container industry financials, with freight rates stronger than during the previous year but lower than expected.
21 Apr 2018
Sponsored: DB Schenker's Philippe Gilbert, CEO, Americas and CEO, Asia Pacific Ditlev Blicher on data innovation, the rise of Asia, and challenges of real-time collaboration across the supply chain.
17 Apr 2018
The decline in US exports took place even before trade war rhetoric between the United States and China began to heat up.
12 Apr 2018
Sponsored: JOC Senior Content Editor Alessandra Barrett and Port of Long Beach Chief Commercial and Operations Officer Noel Hacegaba dive into the implications of technology for ports and the supply chain as a whole.
03 Apr 2018
Equally significant, the increases pushed the spot rates above the psychologically significant $1,000 and $2,000 levels, for the West Coast and East Coast, respectively.
23 Mar 2018
Beneficial cargo owners (BCOs) continue to enjoy low spot rates in the eastbound Pacific despite carriers’ attempts to reduce effective capacity through blank sailings. However, small and mid-size BCOs in LA-LB are paying a price for the blank sailings, as terminals cancel work shifts to save money.
15 Mar 2018
SM Line Corporation has again appealed to its larger compatriot rival Hyundai Merchant Marine to collaborate on trans-Pacific routes.
13 Mar 2018
Spot rates in the eastbound Pacific this week crashed through the psychologically important levels of $1,000 to the West Coast and $2,000 to the East Coast, despite continued growth in import volumes.
09 Mar 2018
The Global Port Tracker projects monthly increases in containerized imports beginning in April, but a trade war precipitated by the Trump administration's steel and aluminum tariffs could change those projections later this year.
07 Mar 2018
From rising protectionism underscored by President Donald Trump’s attack on steel and aluminum imports, to a new reality regarding US surface capacity, there are new challenges for shippers and transportation providers that demand action rather than hand-wringing.
05 Mar 2018
Container shipping supply and demand appear to be moving closer toward balance, according to three economists addressing the 18th Annual TPM Conference in Long Beach.
02 Mar 2018
Beneficial cargo owners will have more options to import cargo from Asia with the Port of Savannah receiving two new services this year and the Port of Jacksonville receiving one.
01 Mar 2018
Beneficial cargo owners can look for only modest rate hikes in service contract negotiations beginning this month, due to a projected 8 to 9 percent increase in trans-Pacific capacity, while imports are projected to increase 5 to 6 percent, according to Alphaliner.
22 Feb 2018
The 18th Annual TPM Conference marks the start of formal negotiations between many beneficial cargo owners and container lines on annual trans-Pacific service contracts. Price, as always, will drive those negotiations. However, as recent news demonstrates, price is not everything.
12 Feb 2018
Beneficial cargo owners are enjoying some of the lowest pre-Lunar New Year spot rates of the past six years, but they should not necessarily expect that this will give them extra leverage in service contract negotiations beginning next month.
02 Feb 2018
The modest increases — two weeks before the Lunar New Year, when factories will close for a week or two — indicates that retailers are restocking their inventories and preparing for the spring shopping season at a measured pace.
30 Jan 2018
The sheer scale of China’s waste import business means exporters need to find alternative markets for their recyclable products.
26 Jan 2018
The small change in spot rates this week suggests carriers are satisfied with the current capacity/demand economics in the Pacific.
19 Jan 2018
Carrier consolidation and projections for continued growth in imports alert beneficial cargo owners to the growing possibility of rate restoration in 2018, but a former shipping executive said carrier discipline is crucial, if service contract rates are to exceed those of last year.
19 Jan 2018
Importers are shipping with a sense of urgency to bring their merchandise into the United States before factories in Asia close down for the Lunar New Year celebrations on Feb 16.
18 Jan 2018
With an expanding US economy boosting imports, and carrier consolidation providing leverage on the capacity side, industry experts are putting beneficial cargo owners on notice that the 2018 to 2019 service contracting season could be difficult.
17 Jan 2018
Expanding SM Line will add another China-US West Coast service to its growing portfolio as the carrier continues to grow its market share.
14 Jan 2018
ILA and USMX officials had hoped to agree on a contract extension that would reassure the hundreds of shippers who will attend the JOC’s annual Trans-Pacific Maritime (TPM) conference March 4-7 in Long Beach, California.
12 Jan 2018
Spot rates are rising into a late Lunar New Year, with a host of carrier rate increases scheduled for early February.
11 Jan 2018
In a recent interview, Soo Cheon Lee, co-founder and chief investment officer at investment bank SC Lowy, said SM Line would have to find partners on the trans-Pacific if it was to maintain its competitive edge.
05 Jan 2018
Solid spot rates this week position carriers for possible rate hikes as the Lunar New Year approaches.
05 Jan 2018
In the "forwarder battle" between carriers and NVOs, performance in one area may be critical to winning shippers as clients.
29 Dec 2017
Spot rates in the major east-west trades ended 2017 on a high note.
22 Dec 2017
Eastbound trans-Pacific spot rates are also down substantially from 2016, but there is a qualification. Those 2016 spot rates were boosted by the Hanjin Shipping bankruptcy.
19 Dec 2017
SM Line is hoping to partner with its larger Korean rival HMM as the carrier plans to launch a new trans-Pacific service.
18 Dec 2017
The impact of mega-ships and consolidation will see the alliances needing to revise their network offerings in 2018, creating new uncertainty for shippers already concerned at potentially large numbers of canceled sailings.
15 Dec 2017
The pre-Lunar New Year push so far this year has been erratic.
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