News & Articles
Container shipping rates still sinking, no sign yet of market floor
So much for the theory that container lines are a nefarious cartel that can control freight pricing - spot rates are still falling over a year after they peaked.
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Major Chinese ports container volume up 8.5% in early November
Export container volume increased 9.2% while the domestic volume grew 6.6%. Growth of export container volume mainly comes from empty container returning.
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Port of New York and New Jersey will fight to retain leading market share
The Port of New York and New Jersey, now the busiest in the US, attributes more than 85% of its growth this year to the cargo it snagged from West Coast rivals.
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2M Alliance Announces Deep Cuts to Asia-Europe Services
Maersk and MSC, the world's largest ocean carriers and the two primary partners of the 2M alliance, have implemented deep cuts in service on the core Asia-Europe trade lanes due to the COVID-19 outbreak.
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FMC: Trans-Pacific Trade is Returning to Normal
The Federal Maritime Commission reports that based on its consultations with ocean carriers, cargo levels and services on the trans-Pacific trades are now returning to pre-outbreak levels.
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US Ports Fight to Stay Open amid Unfolding COVID-19 Crisis
Shipping lines have canceled 20 voyages to the Port of Oakland between February and April 2020.
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