Sharply falling rates and demand signal an end to the extreme profitability enjoyed by carriers over the last two years, according to analysts.
The latest news, trends, analysis and pricing of the trans-Pacific container trade lane.
16 Nov 2022
Aggressive curtailing of capacity by container lines on the trans-Pacific has done little to prevent shippers from forecasting sizable contract rate reductions next spring.
12 Sep 2022
Vessel capacity freed up from easing congestion, combined with the sheer size of the orderbook, will be difficult for carriers to manage in a weakening demand environment, shipping association BIMCO says.
23 Jun 2022
Ocean carriers could find themselves under pressure from shippers to revisit long-term contracts as spot market rates tumble on the trans-Pacific and Asia-Europe trade lanes.
22 Jun 2022
The short-term cost of cutting maritime emissions in the Pacific Ocean will be relatively small compared with the market variability of rate levels, according to UNCTAD.
02 Mar 2022
As container lines pull back on inland point intermodal (IPI), US importers are rethinking their landside delivery plans and containerized freight is moving further inland before being deconsolidated.
05 Jan 2022
Carriers and their customers began their 2021-22 service contract negotiations several months earlier than usual, seeking stability and predictability is an eastbound trans-Pacific trade roiled by supply chain disruptions.
30 Dec 2021
With import volumes in the trans-Pacific projected to remain strong into the new year and water and landside congestion continuing, the first half of 2022 will look eerily similar to 2021.
20 Sep 2021
NVOs controlled more than half of total eastbound trans-Pacific volume through the first eight months of 2021, indicating a shift toward reliance on spot rates in the midst of widespread vessel and equipment shortages stemming from a massive spike in consumer demand.
14 Sep 2021
Reduced harvesting in Asia has created additional demand for agricultural goods from the US and Australia, but a shortage of intra-Asia feeder ships is preventing exporters from taking full advantage.
23 Jul 2021
North American companies are signaling that they will need to build up larger inventory buffers to meet strong US consumer demand, something that will keep up pressure on ocean freight.
21 Jul 2021
US retail inventories as a percent of sales sits at an all-time low, but many importers and shippers are getting priced out of restocking because of high ocean freight rates.
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.
14 May 2020
US imports from Asia declined 1.3 percent in April from the same month last year. It was the seventh consecutive month of year-over-year decline in imports in the eastbound trans-Pacific.
18 Mar 2020
The dearth of Asia volumes will give way to surges hitting North American and European ports that may be short-lived as recessionary conditions dampen demand.
13 Mar 2020
Double-digit week-over-week increase in West Coast spot rate Friday reflects a surge in US imports leaving Chinese ports, as well as the tightening of capacity due to blank sailings.
02 Mar 2020
Terminal operators in Los Angeles-Long Beach are canceling work shifts due to plunging cargo volumes, which is causing a backlog of empty containers in Southern California and could trigger chassis shortages if the condition is not resolved soon.
18 Feb 2020
Declining imports due to factory shutdowns in Asia from the Lunar New Year and the coronavirus are beginning to produce a shortage of empty containers in the US interior, with the shortages expected to spike in March.
17 Feb 2020
Carriers are not having much success in balancing capacity with falling demand as the coronavirus impact cuts China’s export volume.
14 Feb 2020
Pacific International Lines, which participates in a half-dozen trans-Pacific services, mostly in slot-charter arrangements, is exiting the highly-competitive Asia-US trade lane.
10 Feb 2020
Logistics experts say a return to full production in China is unlikely before the end of February, while the post-Lunar New Year lull in the trans-Pacific could extend into March because of delayed factory re-openings due to the coronavirus.
05 Feb 2020
The first real estimate of the impact the coronavirus will have on China’s container supply chain has been made, and it is significant.
04 Feb 2020
Data shows that backhaul shippers are being partially subsidized by headhaul shippers; for the Pacific backhaul, that figure is roughly $1.6 billion annually.
03 Feb 2020
Beneficial cargo owners are increasingly worried that disruptions in the manufacturing and logistics supply chains in China could worsen in the coming weeks due to the coronavirus. One shipper group has asked carriers to extend free time for container storage in the US.
30 Jan 2020
A Chinese government mandate extending the Lunar New Year holidays due to the deadly coronavirus means carriers and US ports will experience slack-season volumes well into March.
24 Jan 2020
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.
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.
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