Ocean carriers’ record rejections last-ditch effort to bolster spot rates
SONAR’s Container Atlas shows new booking volumes plummeting over 35% from their Aug. 1 peak, a key indicator that U.S. import demand is rapidly deteriorating. (Photo: Jim Allen/FreightWaves)
Ocean carriers steadily losing pricing power in trans-Pacific
Ocean carriers are steadily losing pricing power on the trans-Pacific as China to U.S. demand peaks for the second half of 2023.
The ‘peak’ of peak season is here
U.S. import demand is likely peaking and could soon begin a steady decline toward a “new” bottom in the back half of 2023.
Critical level approaching for trans-Pacific spot rates
Softening demand in an excess of vessel capacity is putting tremendous downwards pressure on ocean container spot rates.
Bullwhip effect cracking US imports’ peak season (again)
An unprecedented level of caution among importers likely to cause further declines in import volumes.
US import demand positioned to find a new bottom in 2023
Further downside risks to the U.S. economy are increasing the odds of a further decline in containerized import volumes.
Reality of ocean container volume far cry from China reopening hype
It is becoming increasingly clear that hopes of a container boost from the reopening of China are all but gone.
2nd-half freight rebound increasingly unlikely
Further downside risks to the U.S. economy make the odds of a rebound in containerized import volumes unlikely.
La demanda de importaciones de EE.UU. está cayendo en picada
Los volúmenes de contenedores entrantes a Estados Unidos están volviendo a los niveles anteriores a la pandemia
US import demand is dropping off a cliff
There’s no wave of containers coming to rescue U.S. freight markets. Booking data shows that U.S. imports are cratering.
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Container rate increases are expected on the Trans-Pacific Eastbound
FreightWaves’ SONAR chart of the week (June 16, 2019 – June 22, 2019) Chart of the Week: Drewry World Container Index – Shanghai to Los Angeles and Shanghai to New York (SONAR: WCI.SHALAX, WCI.SHANYC ) If you are involved in the movement of containerized ocean freight, you are undoubtedly familiar with the beast known as […]
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