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.
