US importers face perilous trans-Pac peak season
US importers are facing a perilous peak season in the trans-Pacific this year, with many likely to be forced to pay significantly higher rates to get goods onto ships that in many cases are nearly sold out. Ocean carriers in certain cases are holding the line on weekly minimum quantity commitments (MQC) as they have done in prior periods of tight capacity, meaning that any given shipper will be allocated only one week’s worth of capacity out of its total annual MQC. As an example, with a total annual commitment of 1,000 FEU, just 20 FEU or 1/50th would be allowed.
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