trans-Pacific

Spot rates are back above breakeven and Zim’s costs are falling.

The combination of Red Sea detours and Panama Canal restrictions is having a knock-on effect: higher Asia-West Coast rates.

Containerized imports have rebounded strongly in 2023, with October volumes up 33% from February’s low.

Now that port labor unrest is over, West Coast container terminals are starting to claw back some of their lost volumes.

Peak season demand propelled imports higher in September, although softening spot rates point to a fourth-quarter slowdown.

The recent rate rebound turned out to be fleeting. As rates deteriorate yet again, shipping lines face mounting losses.

Asia-U.S. spot shipping rates have pulled back after a strong run-up, implying peak season may have passed its peak.

Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third?

Ocean carrier HMM attributed much of its first-half net-profit nosedive of 90% to overcapacity in the container shipping industry.

After double-digit gains since June, trans-Pacific spot rates have just surpassed contract rates, according to Xeneta data.

Container lines did not manage post-boom vessel capacity as well as expected. In the trans-Pacific, they may be belatedly getting the hang of it.

Trans-Pacific spot shipping rates remain under pressure, slumping back again as U.S. import demand comes up short.

The U.S. supply chain has dodged a bullet. A new dockworker labor deal will keep the peace at West Coast ports.

Trans-Pacific spot rates have pared earlier gains and remain at loss-making levels. Demand has yet to rebound.

There is growing sentiment that higher trans-Pacific spot rates will not hold and prospects for shipping lines remain weak.

Flexport projects trans-Pacific contract rates will decline around 70% from 2022 levels but still be around 30% above current spot rates.

Spot shipping rates continue their historic slide, putting even more pressure on container lines’ contract business.

El pilar de la fabricación y el consumo estadounidenses se tambalea

Trans-Pacific trade is the foundation of American retail and industry. But souring U.S.-China relations threaten that.

Supply-demand dynamics that supercharged pandemic-era rates are now “exactly the opposite,” says Maersk CEO Soren Skou.

Container shipping rates — particularly from Asia to the U.S. — are still falling hard and show no sign of finding a floor.

El índice mundial ha bajado un 44% en los últimos 6 meses, pero sigue siendo 3,4 veces superior a la media anterior a COVID

OOIL reports record revenue but has “legitimate concerns about the impact of inflation and interest rate rises on consumer spending.”

Spot rates on most global shipping routes continue to fall. The trans-Atlantic market is the exception: It’s holding firm near its high.

El tráfico de julio en Los Ángeles aumentó un 5% con respecto al año anterior. Las importaciones suben un 3% interanual y un 9% respecto a junio

With East Coast ship queues high, port executive Gene Seroka says: “For cargo owners looking to rechart their course, come to Los Angeles.”

Yang Ming’s newest 11,000-TEU container ship will call the Port of Los Angeles on its maiden voyage.

There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.

‘Right now, we don’t see a huge buildup of volumes because of the closedown in Shanghai,’ reports Maersk CEO Soren Skou.

The Shanghai lockdown isn’t following the same supply chain script as the big Chinese disruptions of 2020 and 2021.

The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.

Liner company Zim expects to rake in a billion dollars more this year than in record-setting 2021.

Xeneta CEO Patrik Berglund explains how carrier negotiating power has changed the annual contracting equation.

Long-term contract rates are at record highs. Shipping lines hold all the cards at the negotiating table.

Accusations fly as shipping lines rake in billions, but the numbers imply more carrier competition, not less.

SoCal imports suffering multimonth slide, not because of falling demand, but because of supply chain bottlenecks.

How could the consensus — that container spot rates will remain extremely high — be wrong?

There has never been a year like this for container shipping. Here are the biggest stories of 2021.

Import demand remains exceptionally strong but volumes through America’s largest port are falling.

SoCal port crunch “has really become as bad as it’s ever been,” reports industry veteran Jon Monroe.

After brief reprieve, trans-Pacific shipping rates head back up, pointing to ongoing supply chain pressure.

Record number of container ships waiting but they’re harder to see, as new plan spreads queue across Pacific.

Trans-Pacific container shipping rates remain exceptionally strong despite a dip earlier this month.

It’s no coincidence that spiking trans-Pacific trade coincides with more boxes overboard and more shipping accidents.

Ocean cargo shippers are paying more than they ever have before for the worst service they’ve ever experienced.

California port congestion is as bad as ever. Some imports have been stranded offshore for over a month.

Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?

Yes, despite the headaches, the ocean carriers are making boatloads of money.

Shipping Asia-U.S. via regular ocean service and rail? “I would bet your goods will not arrive in time for Christmas,” says Flexport’s Nerijus Poskus.

Los Angeles is at the front line of the port congestion crisis. Its executive director outlines his strategy to clear anchorages.

How will public view ships anchored off Los Angeles/Long Beach if one of them is tied to Huntington Beach spill?

Trans-Pacific traffic snarl is bicoastal: More container ships waiting off Shanghai and Ningbo than Southern California.

Southern California ports would need two weeks with zero vessel arrivals to clear logjam — but the ships keep coming.

Supply chain crisis deepens as more imports snared in historic ship queue off Los Angeles/Long Beach.

As stimulus-fueled demand overwhelms trans-Pacific capacity, a widening freight spread leaves small shippers behind.

Port of Los Angeles boss warns: ‘Anchorage and dwell times are trending in the wrong direction.’

Maersk results offer more evidence that capacity constraints and U.S. — not worldwide — demand drive rates.

Los Angeles’ port boss speaks to American Shipper about congestion challenges — and potential release valves.

Wave of cargo delayed by COVID outbreak in Yantian, China, is starting to hit California’s already strained terminals.

New disclosures by lines point to massive ocean-carrier profits in the second quarter.

Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.

California offshore traffic jam, Ever Given, Yantian closure, skyrocketing rates and volumes … what’s next for container shipping?

A year and a half after COVID emerged in Wuhan, China’s exporters, liners, shipyards and container factories are all booming.

Container spot rates spiked again, with new records set. For importers, the worst is yet to come.

How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.

Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.

West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.

Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.

How does California congestion rank versus 2015 logjam caused by tensions with dockworkers union? It’s not even close: 2021 wins by a long shot.

Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).

Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.

Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.

Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.

Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.

Container imports far exceed sales, raising concerns that 2020’s transport binge could lead to a big headache in 2021.

The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.

Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?

There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.

Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”

There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.

U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.

Ocean Network Express is cautious in its full-year forecast as “future cargo demand is very uncertain” while the COVID-19 pandemic wages on.

The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.

Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.

“If you go back a couple of months, nobody would have expected that demand would be as strong today as it is right now,” says CEO Rolf Habben Jansen.

‘Get ready for the biggest restocking cycle on record,’ says Jefferies.

China could decide enough is enough if trans-Pacific rates rise too high.

With airfreight capacity squeezed and rates high between China and the U.S., ocean freight consolidators offer the option of fast, cheaper less-than-container load, trans-Pacific services.

A new interview with AgTC’s Peter Friedmann on how China COVID fears affect U.S. food exports.

U.S. shippers importing cargo from Asia are getting some price relief.

Neptune Orient Lines will be renamed CMA CGM Asia Pacific Ltd.

E-commerce and coronavirus fallout are buoying container services from Asia to the West Coast.

New data reveals third-quarter ocean schedules still largely intact — a positive sign on cargo bookings.

Ship calls and volume expected to pick up in July, officials from South Carolina and New York/New Jersey ports tell the Agriculture Transportation Coalition

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.

Ocean, intermodal and trucking data are flashing red. Don’t worry — DAT just made a bullish call on spot rates.

Phase One of the U.S.-China trade deal is scheduled to take effect Wednesday. Read CNBC’s Lori Ann LaRocco’s take on how that trade has changed since the tariff war began — and how it may never be quite the same.

Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.

CNBC trade expert and author Lori Ann LaRocco says if trade talks were really progressing, U.S. exports to China would be ticking up, not down.