The second-busiest U.S. container gateway moved record levels of cargo in September and in the third quarter on diversions ahead of an East Coast work stoppage and continued demand for holiday merchandise.
Importers are advised to seek alternative routes and plan for extended delays as the peak shipping season gets underway, following an explosion involving hazardous materials at China’s Port of Ningbo.
Legislation approved by the House gives the Federal Maritime Commission more power to investigate potential container market manipulation by China.
Federal regulators are proposing a “burden-shifting regime” aimed at helping importers and exporters secure container space on ships.
Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.
Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.
The Biden administration is backing new legislation aimed at alleged out-of-control market power by foreign ocean carriers.
U.S. agribusiness exporters claim they are poised to lose 22% of sales due to massive increases in container shipping rates.
A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.
An American company has accused foreign ocean carriers of abusing the container market to pad their profits.
The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.
The Federal Maritime Commission has partnered with the DOJ to pursue competition violations.
1988: The U.S.-Far East container trade will undergo a significant drop in growth over the next few years, according to a study recently completed by the research firm of Temple, Barker & Sloane Inc.
A trade war truce is not stopping multinationals from exploring alternative sourcing options to China, but moving supply chains is difficult, says expert.
Hopes that last week’s trade deal might boost the beleaguered shipping lane are overly optimistic, says analyst.
After adjusting for Lunar New Year distortions, the growth rate for Chinese exports to the U.S. in November was the lowest since January 1996.
The shift of production from China to southeast Asia is unlikely to stop the trans-Pacific container market from declining this year.
Asia-Europe and Asia-U.S. spot freight rates jumped 12-30% last week, but can carriers hold on to the gains?
The introduction of new low-sulfur fuels, bearish demand and increased blanked sailings will bring more volatility to box markets in the coming months, says MSI.
Danish logistics conglomerate DSV is now one of the world’s leading forwarders after completing the acquisition of Panalpina in August.
Freight revenue drops by 12.1 percent, led by a more than 20 percent plunge from airline’s Pacific routes.
No single country can absorb the trade flow from China to the U.S., and likely contenders are already growing faster than capacity.
The decision to evacuate towns and cities in southern China came as Hong Kong was left beaten by winds of up to 107 miles per hour and gusts of up to 138 mph.
Transpacific container rates post gains; United States and Mexico try to reach an agreement on the automotive trade; what Amazon did last week; Lloyd’s of London rethinks marine insurance; Mexico City’s new airport has uncertain future; tanker market faces added pressure from US-China spat.
