The trans-Pacific container trade is vastly different than pre-pandemic, with more ships, more competition, and a new leader: Maersk.
In the next two weeks, only two container ships are slated to berth at the new Leatherman Terminal. Forty are scheduled at the Port of Charleston’s neighboring Wando Welch Terminal.
“Strong winds” are blamed for causing the 20,000-TEU Ever Given to get stuck and block Suez Canal traffic in both directions.
Reefer capacity is extremely tight across the country and especially out of port markets.
Some ships bypass calls at Port NOLA this week, although Port Houston reports no schedule changes.
Darren Prokop’s commentary concerns whether price gouging is taking place on container shipping between Asian ports and the U.S.
“Optics” are bad but freight pricing doesn’t appear to meet regulatory bar for intervention.
By artificially restricting capacity, carrier alliances have engineered rates higher and may book a profit this year.
An exclusive interview with Sea-Intelligence CEO Alan Murphy on how canceled sailings can signal future demand.
Two space-sharing alliances already have canceled 75 voyages through September
