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.
According to a JOC survey, many U.S. importers from Asia that have been expecting to pay significantly more for fuel and in annual service contract rates. Beneficial cargo owners (BCOs) say that ocean reliability is their biggest concern.
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
01 Apr 2019
Bill Mongelluzzo, Senior Editor
05 Mar 2019
Last year's decline in US container exports, especially those bound for Asia, has continued into the early part of this year as the US-China trade war lingers and outbound rail costs rise.
24 Jan 2019
This lack of clarity on future high- and low-sulfur fuel costs worries BCOs and NVOs as they enter the more critical second phase of negotiations in March.
23 Jan 2019
The annual survey of shipper views on the most important issues in the trans-Pacific trade.
15 Jan 2019
After a subdued end to 2018 and trade and with economic hurdles stacking up, there are relatively low expectations for the trans-Pacific air cargo market in 2019.
04 Jan 2019
Spot rates in the eastbound Pacific increased for the second straight week.
04 Jan 2019
When imports increased strongly last summer, due in part to front-loading of shipments to get ahead of the Trump administration’s tariffs on China, spot rates soared by more than $1,000 to each coast.
14 Dec 2018
Eastbound trans-Pacific spot rates fell for the fourth straight week.
04 Dec 2018
Ocean carriers will have even more reason to show trans-Pacific capacity discipline, if Sea-Intelligence’s demand forecast proves to be accurate; however, a current container shipping trend may make that doubly hard.
03 Dec 2018
There are still more unknowns than knowns about the US-China tariff ‘truce,’ but this is clear: the extra time until March 1 helps shippers by giving them a longer time cushion before higher tariffs could potentially start.
30 Nov 2018
Following a meeting with Chinese President Xi Jinping in Buenos Aires on Saturday at the G20 summit, President Trump agreed to a 90-day truce in which the US wouldn’t impose higher tariffs on Jan 1. as threatened.
16 Nov 2018
The US imports surge from Asia since mid-summer is due largely to savvy capacity management by carriers individually and through vessel-sharing alliances. However, retailers’ front-loading of imports to stay ahead of tariffs on mainland China led to an earlier-than-expected peak-shipping season this summer and now to fast-forwarding of spring merchandise.
14 Nov 2018
Rising operating costs that are siphoning off profitability will see carriers having a much greater hold on capacity going into what is looking like a volatile 2019.
13 Nov 2018
“There is no will or reason to merge the two companies. SM Line will continue to build its own business models and we will do our part to survive in the market independently,” said SM Line CEO Kim during a meeting at the company’s headquarters in Seoul.
09 Nov 2018
Some are predicting a continuation of peak season-like conditions — marked by record high spot rates and space restrictions — not just through the end of the year but continuing until the Chinese New Year holiday beginning in early February.
08 Nov 2018
Some are predicting a continuation of peak season-like conditions not just through the end of the year but continuing until the Chinese New Year holiday beginning in early February. Beyond that, two sector variables will determine the extent of anticipated first-quarter weakness in spot rates.
02 Nov 2018
The Trump administration's initial 10 percent tariff on China prompted front-loading of holiday goods earlier this year. Now, the prospect of an additional 25 percent tariff on China on Jan. 1 is affecting spring shipments. Each is among the chief reasons trans-Pacific spot rates have maintained their strength.
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