This week before the beginning of Lunar Lunar was marked by scattered rolled cargo in Asia and flat spot rates in eastbound Pacific, indicating that the normal pre-New Year surge of imports did not happen.
The latest news, trends, analysis and pricing of the trans-Pacific container trade lane.
24 Jan 2020
The US-China trade war pulled down OOCL’s performance in the trans-Pacific, but volume and revenue growth in other trades kept its overall operational result in positive territory.
10 Jan 2020
Despite the continuation of US import tariffs on $370 billion in Chinese-made goods and a slowing global economy, Asian container trade growth is expected to accelerate in 2020.
03 Jan 2020
Recent quotes by carriers on their surcharges for more expensive low-sulfur fuel oil are confusing shippers and causing suspicion carriers are attempting to make unreasonable profits from the global LSFO mandate that took effect Wednesday.
18 Dec 2019
On the east-west trades, some services with higher CO2 emissions come with the same cost and transit time as those services providing a more eco-friendly operation.
15 Nov 2019
The second straight weekly decline in spot rates in the eastbound Pacific seems to show that the peak shipping season was uneventful -- and that the 25 percent tariffs on $300 billion of imports from China due to go into effect Dec. 15 is having no significant impact on freight volumes.
13 Nov 2019
Declining imports from China are dragging down container volumes in the eastbound trans-Pacific, and if inventory levels remain higher than usual, a weak Lunar New Year month in January is possible.
31 Oct 2019
Even before Wednesday’s announcement canceling the Nov. 15 Apec meeting in Chile, footwear importers were warned their industry would continue to encounter a drumbeat of uncertainty and possibly higher duty rates.
25 Oct 2019
Spot rates on the eastbound Pacific stabilized as carriers prepare for a possible spike in imports from China next month ahead of the next round of tariffs scheduled to take effect Dec. 15 in US-China trade war.
18 Oct 2019
A slight increase in eastbound trans-Pacific spot rates reflects final shipments that left China before Golden Week, but dozens of blank sailings already announced for October-November indicate carriers expect imports to be weak going forward.
17 Oct 2019
US imports from China fell 9.3 percent in September, the fifth straight monthly decline. Coupled with 37 blank sailings for October and November, it appears peak season will end on a sour note.
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.
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.
07 Oct 2019
The US Customs and Border Protection is investigating three companies for possibly evading antidumping and countervailing duties on hardwood plywood imports.
03 Oct 2019
Small and mid-size NVOs are chipping away at the market shares of the top five NVOs in Asia-US trade by moving aggressively on smaller accounts and responding quickly to declining spot rates.
27 Sep 2019
After seeing four weeks of declining spot rates in September-- when rates should be increasing -- and with factory closures coming next week during Golden Week celebrations in China, NVOs who sell in the spot market say further rate declines are possible.
20 Sep 2019
With holiday season imports unable to gain traction and spot rates declining for the third consecutive week, peak-season 2019 will be defined by blanked sailings rather than surging cargo volumes.
30 Aug 2019
This week’s double-digit surge in spot rates is more tariff-driven than anything else because there is little cargo rolling in Asia to generate a bidding war among BCOs for vessel space leaving Asia.
23 Aug 2019
China announced its own round of new tariffs, prompting President Donald Trump late Friday to raise US tariffs on Chinese imports and instruct US companies to begin looking for alternatives to doing business with Beijing.
22 Aug 2019
Spot rates in the westbound Pacific took a sizable drop this month due to declining US exports to Asia, which are resulting in especially low vessel utilization rates. The normal strong rebound, which should begin in November, could be muted as a result.
13 Aug 2019
13 Aug 2019
Imports from China were down 2 percent in July and 4.4 percent below the same period seven-month period in 2018.
12 Aug 2019
An almost 20 percent plunge in US imports from Asia in July shows the devastating impact of the trade war with China; import declines could worsen this fall with new tariffs starting in weeks.
08 Aug 2019
Reversing course, Global Port Tracker is now projecting monthly year-over-year declines, or minimal increases, in US merchandise imports in the trans-Pacific during the peak season.
05 Aug 2019
No-shows, or “downfall” in industry jargon, have plagued the industry for decades, but carrier attention has risen in recent years as pressure to increase waste rises, and digitalization provides opportunities to streamline the booking process
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.
19 Jul 2019
Tactical use of blank sailings and extra-loaders will prop up freight rates while ensuring capacity during a peak season that will be marked by uncertainties because of the US-China trade war, a JOC webinar was told.
11 Jul 2019
With US import growth of only 1.4 percent from all of Asia in the first half of 2019, and a 5 percent decline in imports from China, the six blanked sailings announced for June and July could be followed by others if volume growth disappoints during the coming peak season.
05 Jun 2019
Shippers, ocean carriers, and freight forwarders say cargo owners are already rushing shipments to get ahead of potential tariffs on $300 billion of US imports from China.
27 May 2019
Despite strong expected consumer demand, uncertainty over the outcome of the US-China trade talks could reduce growth in US electronics imports in 2019, after 5.2 percent growth in 2018.
21 May 2019
Container carriers have been altering stowage plans for neo-Panamax ships to mitigate the current draft limits, according to the Panama Canal Authority.
15 May 2019
Before May 5, when President Donald Trump announced that tariffs on $200 billion of Chinese imports would rise from 10 percent to 25 percent, carriers were relatively sanguine about 2019 and for good reasons.
06 May 2019
US President Donald Trump's decision to hike tariffs on a wide selection of Chinese-made goods took the US trade community by surprise.
01 May 2019
Post-consolidation, US container trade has been dominated by the largest ocean carriers and alliances, but smaller, independent lines continue to find a market in the trans-Pacific.
03 Apr 2019
Dustin Braden, shipper engageme
02 Apr 2019
Turloch Mooney, senior editor, global ports, JO
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