Spot ocean shipping rates from Europe to the U.S. held up much longer than trans-Pacific rates. Now they’ve sunk to historic lows.
The Europe-U.S. trade held up a lot longer than the Asia-U.S. trade, but trans-Atlantic premiums are now fading away.
Container shipping rates from Europe to the U.S. are finally falling, but they’re still exceptionally high.
Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.
Container spot rates spiked again, with new records set. For importers, the worst is yet to come.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.
The trans-Atlantic may not be the dominant container market, but it remains dependable for hungry ocean consolidators and forwarders.
Canceled shipments hurt carriers as much as blanked sailings sting customers, says Hamburg Süd’s president for North America
Hong Kong-based shipping line says first-quarter volume was down less than half a percent despite pandemic.
Due to the rapid spread of the novel coronavirus, COVID-19, the world’s airfreight industry is flying in uncharted skies.
A strong U.S. economy should see Europe-North America container volume growth of 3%+ next year, but clouds hover over the trade.
Shippers benefit as transportation rates expected to stay low.
