Container shortage crisis spreads to intra-Asia trades, driving prices higher

By Sam Whelan 11/11/2020 What a major shipping line called the “black swan” container shortage has hit intra-Asia trades as carriers prioritise transpacific profits. With some 30m teu carried each year, the intra-Asia tradelane is the largest in the world, comprising around 100 port pairs. Costs have traditionally been kept in check, there’s been less carrier consolidation […]

Holiday ‘shipageddon’ update: Container sector scrambling

Latest data reveals trans-Pacific constraints are getting worse Greg Miller, Senior EditorFollow on TwitterWednesday, October 28, 20202 4,273 3 minutes read ’Twas the night before Christmas and all though Shenzhen, not a container was stirring; they’d been “rolled” yet again. This is the holiday “shipageddon” fear for ocean shippers. Amid heavy rolling — delays of loadings until subsequent voyages […]

Container slots sell out, risking holiday ‘shipageddon’

No respite yet for trans-Pacific container-shipping demand frenzy Greg Miller, Senior EditorFollow on TwitterMonday, October 19, 20200 6,810 4 minutes read “The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pelt,” exclaimed Jeremy […]

Transpacific carriers pile on extra tonnage as US west coast imports soar

By Mike Wackett 30/09/2020 Transpacific carriers have reacted to a robust demand outlook and record container spot rates by deploying extra loaders on the tradelane. With October advance vessel load data for the port of Los Angeles running 30% to 34% higher than last year, carriers are also looking at more permanent network upgrades on the route. […]

US shippers feel the pain as rail and road freight rates soar

By Ian Putzger, Americas correspondent 24/09/2020, The Loadstar US importers and domestic shippers are facing more pain from increasing road and rail freight rates. The surge of imports that has flooded US west coast container gateways has so far failed to return intermodal volumes to last year’s levels, but rates have soared. On US roads, the picture […]

3PLs frustrated by ocean service contracted rate upheaval

NCBFAA asks Federal Maritime Commission to investigate ‘named account rate’ practice Chris Gillis Tuesday, September 15, 20200 976 2 minutes read, Freightwaves For many U.S. freight forwarders and consolidators moving freight during the coronavirus pandemic, it is as if the container-shipping rates of their initially contracted transport arrangements with the ocean carriers are no longer valid. The National […]

Shippers’ ocean freight budgets ‘about to explode’ as rates hit new highs

By Mike Wackett 28/08/2020 Ocean freight budgets for shipments from Asia to the US and Europe are going through the roof as carriers prepare yet another round of freight rate increases. Today’s Shanghai Containerized Freight Index (SCFI) recorded further gains for the transpacific and Asia-Europe tradelanes, taking its combined reading up another 7% for the week, to […]

Demand driving transpacific prices sky high, with Asia-Europe benefiting too

By Gavin van Marle 14/08/2020 Container spot freight rates on the transpacific trades leapt this week, with prices from Asia to US west coast ports sailing way above $3,000 per feu – and looking set to jump higher. Today’s Shanghai Containerised Freight Index (SCFI) reading – prices quoted for next week – was $3,406 per feu, an […]

Trans-Pacific ‘going crazy’ as demand defies pandemic pessimists

Rates now top $3,000 per 40-footer — and they’re still rising Greg Miller, Senior EditorFollow on TwitterWednesday, August 12, 20200  China-U.S. West Coast container rates continue their astonishing climb. Not because of too little vessel supply, but because of too much import demand. U.S. import demand that is not surging despite of coronavirus, but because of it. “The trans-Pacific […]

Airfreight rates expected to shoot up by September

Eric Kulisch, Air Cargo Editor Sunday, July 26, 2020 Stability in the airfreight market may be short-lived, with outbound China rates rising this month and big high-tech product launches poised to soak up cargo aircraft in several weeks. That could pinch some shippers that currently view air transport as a refuge from unreliable and expensive […]