transpacific trade

Rate hikes and surcharges pushed up benchmark ocean container rates by $1,000 in the latest week, with more to come.

Cargo through the Port of Oakland was little changed from a year ago despite a decline in total vessel calls.

Ahead of a takeover by Hapag-Lloyd, Zim earnings were hit by a softer freight rate environment and weaker demand.

Ocean freight rates on the trans-Pacific remain above pre-war levels as retailers warn of tepid peak season gains. 

Freight forwarders focused on the trans-Pacific are in pain.

Fears of new tariffs and a strike at East Coast ports combined to push up ocean container rates on Asia-U.S. routes in December.

The second-busiest U.S. container gateway moved record levels of cargo in September and in the third quarter on diversions ahead of an East Coast work stoppage and continued demand for holiday merchandise.

Importers are advised to seek alternative routes and plan for extended delays as the peak shipping season gets underway, following an explosion involving hazardous materials at China’s Port of Ningbo.

Legislation approved by the House gives the Federal Maritime Commission more power to investigate potential container market manipulation by China.

Federal regulators are proposing a “burden-shifting regime” aimed at helping importers and exporters secure container space on ships.

Container market experts advise carriers and shippers to act quickly now that new rules regulating ocean shipping are in effect.

Congressional watchdogs are alleging predatory pricing by three major container ship operators and want answers by March 16.

The Biden administration is backing new legislation aimed at alleged out-of-control market power by foreign ocean carriers.

U.S. agribusiness exporters claim they are poised to lose 22% of sales due to massive increases in container shipping rates.

A U.S. manufacturer defends its complaint filed against container ship giant MSC with the Federal Maritime Commission despite the carrier’s denial of contract violations.

An American company has accused foreign ocean carriers of abusing the container market to pad their profits.

The chairman of the Federal Maritime Commission defends the lack of fines levied in 2020 while requesting a funding boost for 2022.

The Federal Maritime Commission has partnered with the DOJ to pursue competition violations.

1988: The U.S.-Far East container trade will undergo a significant drop in growth over the next few years, according to a study recently completed by the research firm of Temple, Barker & Sloane Inc.

A trade war truce is not stopping multinationals from exploring alternative sourcing options to China, but moving supply chains is difficult, says expert.