Abundant vessel space and weak transportation rates to and from the United States should not pose a bankruptcy danger to international container ship fleets over the next few years, according to U.S. regulators.
Airfreight rates continued to steadily rise in November as the peak season rolled in, with prices on the transpacific trade lane breaching the $5 per kg mark. The latest numbers from the Tac Index show that prices on services from Hong Kong to North America reached an average of $5.37 per kg during November, an […]
Imports at the major retail container ports in the US have set another record reaching 2 million containers in a single month as retailers continued to bring merchandise into the country ahead of a now-postponed increase in tariffs on goods from China.
Cargo demand grew 2.7 percent for the month compared with the same 2017 period, down from the 5.2 percent year-over-year growth rate seen in April and 4.2 percent uptick in May, but still up a full point from March’s 1.7 percent pace, according to the latest data from the International Air Transport Association. The March […]
Drewry says freight rates for cargo moving in refrigerated containers have risen since the beginning of 2017. The London consultant says in contrast to its global freight index for “dry”containers, which has fallen 14 percent between the first quarter of 2017 and the second quarter of this year, its global reefer container freight rate index […]
July shipments, at 1,096,835, topped June’s 1,025,643 and were up 6% annually for a new monthly record, according to Panjiva, topping August 2017’s 1,069,292. All months in 2018 have seen growth, with the exception of a 0.2% decline in March, which was the first one going back to a 7.7% annual drop-off in February 2017. […]
The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand. (This article requires registration at the Journal of Commerce. To access, please click on the above link)
The U.S. Environmental Protection Agency has launched a study of the potential economic impact forthcoming regulations that require shipping vessels to burn cleaner fuel might have on other transportation sectors, including trucking.
The container shipping companies are faced with the perfect storm with the ever tighter environmental regulations coming into force and oil prices jumping, exerting further pressure on liners to squeeze out profit from the buoyant demand.
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 […]