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Trans-Pacific container rates continue to fall as Asia-Europe rates continue to rise.
IMO2020 is an environmental rule effective January 1, 2020 that regulates how much sulfur a ship can give out in its exhaust.
For all containers moving in and out of the U.S., rates (both contract and spot rates) are required to be filed with the Federal Maritime Commission (FMC) 30 days in advance of the containerized cargo being shipped. This adds an additional layer of complexity to the way ocean container rates are negotiated and governed.
Links to 16 exclusive interviews with key decision-makers in ocean shipping.
International trade and customs attorney Zhaokang Jiang explains how China is aiming to improve cross-border trade efficiency, create fair competition and ensure compliance and sustainable growth.
Capital constraints should keep ocean shipping capacity in check, a plus for rates.
Customs and Border Protection moved the nationwide tests to early April and October “due to limited availability of testing sites and to ensure the integrity of exam conditions.”
A strong U.S. economy should see Europe-North America container volume growth of 3%+ next year, but clouds hover over the trade.