Forwarders tell JOC.com that with GRIs, peak-season surcharges (PSSs) and bunker-fuel adjustments all taking effect this week, freight rates in the eastbound trans-Pacific vary from shipper to shipper.
Saturday July 4, 2020
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Maritime News
Maritime News
Maritime news articles about every aspect of the industry, including ports, container and breakbulk lines; and ships and ship chartering. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things.
From the largest container lines such as Maersk Line, MSC (Mediterranean Shipping Co.), COSCO Shipping/OOCL, CMA CGM and Ocean Network Express (ONE), to smaller carriers such as SM Line and Eimskip, JOC.com covers the entire industry with unequaled intelligence, data, insight, statistics, and analysis. JOC.com regularly updates its proprietary data about the activity of largest ports, container lines, breakbulk lines and other stakeholders in the maritime shipping sector,
News & Analysis
03 Jul 2020
Europe’s recovering economies are generating increasing demand for Asian imports and keeping rates up and container shipping space tight.
03 Jul 2020
An industry-spanning initiative has been launched in Europe to find a sustainable alternative to fossil fuel.
01 Jul 2020
Forwarders in the container supply chain are keeping a close eye on rising demand from European shippers, as carriers try to balance capacity with rising volume.
01 Jul 2020
Five of the major carriers now offer online quoting and booking with Mediterranean Shipping Co. the latest to launch its e-business solution.
30 Jun 2020
Retailers and forwarders say July 1 general rate increases (GRIs) could send spot container freight rates in the eastbound trans-Pacific to record levels.
29 Jun 2020
The IMF has cut further its already gloomy economic growth outlook for Europe and North America, as carriers make further capacity adjustments on the trans-Atlantic trade.
29 Jun 2020
A renewed push to reduce port stay times, driven by larger decarbonization goals, represents a rare scenario in which carriers, terminal operators, and cargo owners could all benefit.
26 Jun 2020
Individual container carrier mergers and acquisitions, as well as a reconfiguring of vessel sharing alliances has created an environment in which members could begin to coordinate intermodal rail and trucking transport.
25 Jun 2020
NVO market share of US imports from Asia increases as dozens of blank sailings push cargo owners to seek capacity their core carriers are not providing to them.
25 Jun 2020
Carriers are more united than ever in matching capacity with demand as they keep firmly focused on their bottom line, says DHL Global Forwarding.
25 Jun 2020
Industry majors have teamed up with the Maersk Group in an initiative to identify and develop a fuel that will decarbonize the global shipping sector.
24 Jun 2020
Mexican businesses and their US and Canadian partners are focused on rebuilding supply chains shattered by COVID-19 and the recession, but they shouldn’t forget USMCA.
24 Jun 2020
Carriers are shaking off some of their pessimism for this year, with more rosy outlooks and improved expectations emerging as the demand-challenged second quarter draws to a close.
22 Jun 2020
Carriers’ container volumes in the US-Asia trades declined in the first four months of 2020 and are expected to remain below last year’s volumes through the peak season.
22 Jun 2020
Carriers should end the year in the black despite the impact of COVID-19 on volumes, believes Sea-Intelligence, provided the capacity discipline shown so far continues and they avoid chasing market share.
22 Jun 2020
Select blank sailings on the East Coast South America-Asia trade come as currency devaluations by both Brazil and Argentina are boosting exports to Asia, particularly of reefer cargoes, fueling an imbalance in container volumes.
19 Jun 2020
HMM will be switching from BNSF Railway to Union Pacific Railroad in August, a move that allows it to prioritize efficient inland movement of containers within THE Alliance.
19 Jun 2020
Disciplined capacity management and price increases are strengthening the Asia-Europe spot market, lifting rates on both westbound and eastbound routes well above last year’s levels.
17 Jun 2020
Maersk said it expected the slightly milder volume decline would result in Q2 operating earnings “slightly above” its first-quarter 2020 results and better than its second-quarter 2019 performance.
17 Jun 2020
The financial hand being extended to carriers struggling with a devastating decline in demand and an uncertain recovery is mostly in the form of state guaranteed loans rather than direct bailouts.
16 Jun 2020
Carriers and NVOs agree that tight capacity management contributed significantly to last week’s spike in spot rates, but carriers say they are demonstrating good faith by reinstating sailings when volumes turn around.
16 Jun 2020
Lockdowns on both sides of the Atlantic have hurt the busy trade route and dramatically cut European exports to the major demand markets of North America.
15 Jun 2020
The federal grants will go to waterborne freight services in Illinois, Indiana, Kentucky, Louisiana, New York, New Jersey, Oregon, Tennessee, Washington, and American Samoa.
15 Jun 2020
The National Industrial Transportation League said its members do not rely on the publication of essential contract terms, eliminating the need for carriers to make such filings.
15 Jun 2020
Container shipping, for the moment, has broken the self-destructive cycle of the post-financial crisis decade that saw carriers resorting to pulling cost levers like building mega-ships and slow steaming that benefit them, but not their customers.
12 Jun 2020
Eastbound container spot rates from Asia to the US West Coast rose to their highest point in a decade this week as an unexpected spike in volumes collided with blank sailings by carriers.
12 Jun 2020
The demand outlook on the Asia–Europe trade remains deeply uncertain, but carriers continue to hold the line on pricing amid a high level of blank sailings and volume declines.
12 Jun 2020
Focusing on differentiated services will help container lines weather the unpredictable demand cycles of the ongoing COVID-19 pandemic, liner industry veteran Ron Widdows told JOC Uncharted.
11 Jun 2020
The latest economic and trade outlooks for Europe paint a gloomy picture for the year.
10 Jun 2020
Despite the gradual reopening of the US economy, retail sales, which are the main driver of import volumes in the trans-Pacific, are forecast to decline 11.3 percent this year, according to IHS Markit.
09 Jun 2020
Double-digit decline in US imports from Asia in May continues what is expected to be a second consecutive year of negative container volumes in the eastbound trans-Pacific.
09 Jun 2020
Supply chain disruption from measures to limit the damage of the coronavirus can delay the collection or return of containers, but D&D charges vary widely across carriers and ports.
08 Jun 2020
“The impact of COVID-19 at major US retail container ports appears to be easing slightly, with projected imports remaining below last year’s levels but not as much as previously forecast,” according to the National Retail Federation's latest Global Port Tracker report.
08 Jun 2020
The extensive blank sailings on major east-west trades are having an uneven impact on the major gateway ports of Europe and North America.
08 Jun 2020
An unexpected surge in imports in late May, which caused cargo rolling at Asian ports and a spike in spot rates, is spawning tension between forwarders and carriers in the eastbound trans-Pacific.
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Commentary
Clouds gathering for second-half ocean outlook
Crystal ball a bit hazy for container carriers
Navigating 2019 ocean contracting
Could the latest US port congestion have been avoided?
Container challenges of 2019 to echo years past