FreightWaves LIVE recap: How to cope with ocean capacity crunch
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
How bad is it? A Vietnam-New York slot was just offered at $19,000 per FEU, reveals Flexport’s Nerijus Poskus.
Container rates are in uncharted territory. If demand continues to outpace supply, there’s little to stop them from ascending further.
West Coast congestion could last into the fall as retailers face stockouts on essential goods, says ocean carrier Matson.
Trans-Pacific container crunch is about to become even more severe, warns Flexport, with May sailings now effectively sold out.
How does California congestion rank versus 2015 logjam caused by tensions with dockworkers union? It’s not even close: 2021 wins by a long shot.
Here’s a helicopter view courtesy of U.S. Coast Guard of container-ship armada off Los Angeles and Long Beach (WITH VIDEO).
Container lines score huge negotiating advantage as spot-rate surge set to persist through annual contract season.
Asia-U.S. liner sailings are now being canceled because too many container ships are stuck at anchor off California.
Nearly 700 dockworkers in California have COVID. Hundreds more are out due to quarantines. Pleas for fast-track vaccinations intensify.
Asia-U.S. container rates had held firm at a record high since September. Now they’re on the move again — and headed even higher.
Container imports far exceed sales, raising concerns that 2020’s transport binge could lead to a big headache in 2021.
The trans-Pacific surge will persist through Q1 and January could see all-time-high container volumes, predicts Flexport’s Nerijus Poskus.
Trans-Pacific spot index rates haven’t budged from the same peak band for the past 10 weeks. How is this possible in a competitive free market?
There will be no letup in booming container imports in 2020. The only question now is how long it lasts into 2021.
Hapag-Lloyd sees strength until “at least Chinese New Year” and a challenge to “get containers where they need to be.”
There are not enough containers in China to handle all the U.S.-bound cargo — and box factories are now sold out into Q2.
U.S.-listed carrier reveals the latest on trans-Pacific holiday rush, restocking, e-commerce spike and port congestion.
Ocean Network Express is cautious in its full-year forecast as “future cargo demand is very uncertain” while the COVID-19 pandemic wages on.
The trans-Pacific market is bursting at the seams as shippers rush in holiday cargoes.
Hong Kong-based container carrier moves 1.94 million TEUs during the third quarter of 2020.