Trans-Pacific

Trans-Pacific

11 Aug 2020
US imports from Asia and China turned positive in July, but US retailers predict a short peak season they say will be the weakest in four years.
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.
Container contract reliability efforts gaining traction
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
Firming trans-Pac spot rates signal calmer peak
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.
Turloch Mooney, senior editor, global ports, JOC
02 Apr 2019
Turloch Mooney, senior editor, global ports, JO
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.
A container ship accepts fuel.
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.
Trans-Pacific shippers' 2019 outlook
23 Jan 2019
The annual survey of shipper views on the most important issues in the trans-Pacific trade.
Air cargo being load in Beijing, China.
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.
Port of Long Beach.
04 Jan 2019
Spot rates in the eastbound Pacific increased for the second straight week.
The Port of Los Angeles.
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.
Port of Los Angeles.
14 Dec 2018
Eastbound trans-Pacific spot rates fell for the fourth straight week.
Port of Los Angeles.
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.
Port of Los Angeles.
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.
Two ships at the Port of Los Angeles.
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.
Port of Los Angeles.
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.
The Port of Oakland.
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.
SM Line.
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.
Port of Los Angeles.
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.
Port of Los Angeles.
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.
Port of Los Angeles.
26 Oct 2018
Shippers were still paying high spot rates, and scheduled deployment of extra-loader vessels indicates carriers believe imports will remain strong into November.
Trans-Pacific Trade Oct. 2018 photo for Infographic.
19 Oct 2018
The chaos of the trans-Pacific peak season has set the stage for tough annual service contract negotiations in the spring between container lines and US importers from Asia.
Port of Los Angeles.
17 Oct 2018
It has now been 12 consecutive weeks that spot rates on imports from Asia have been higher than $2,000 to the West Coast and $3,000 to the East Coast, according to the Shanghai Containerized Freight Index. This is the longest sustained period of elevated spot rates since 2013.
The Port of Los Angeles.
12 Oct 2018
Spot rates in the eastbound Pacific show no sign of softening, and shippers may end up paying high spot rates through the end of the year, if imports remain strong. New US tariffs beginning Jan. 1 definitely have something to do with the above.
The Port of Los Angeles.
05 Oct 2018
As uncertain as trans-Pacific rates have been, they are up 56 percent to the West Coast and 67 percent to the East Coast, compared with early Oct. 2017. However, more price volatility is anticipated as the peak season ends, importers prepare for the Chinese New Year, and proposed 25 percent Trump administration tariffs take effect on Jan. 1.