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Industry news

• Why is the cabin vacancy rate high?

  Time: 2021-06-25 | Publisher: Kevin

  

  Why container production, port response policies are constantly updated, ship owners also buy a lot of new ships, the sea freight rate is still constantly rising?In fact, at present global shipping prices have exceeded international expectations.According to shipping big data, 42% of the world's ships are idle.As a result of the e...
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• The Port of Los Angeles set a new record in the western hemisphere

  Time: 2021-06-21 | Publisher: Kevin

  

  The Port of Los Angeles announced Tuesday that it will become the first port in the Western Hemisphere to handle more than one million TEUs in a month, setting a record.This May has been the busiest month ever for the nation's busiest port. It handled 1,012,248 boxes in May, a 74 percent increase from May 2020, when CO...
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• Shipping season is coming, a new round of price hikes are about to appear

  Time: 2021-06-18 | Publisher: Kevin

  

  According to the National Retail Association, U.S. port container imports will remain above 2 million TEU in all months from May to September, an increase from previous forecasts, as economic activity gradually recovers, but U.S. retailers' inventories remain at near 30-year lows and strong restocking needs will further b...
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• The delays at the port of Yantian VS the disruption of the Suez Canal,who has had the greater impact?

  Time: 2021-06-11 | Publisher: Kevin

  

  The delays at the port of Yantian and the disruption of the Suez Canal at the end of March are both big challenges for the shipping industry, but who has had the greater impact?The butterfly effect of the salt pan incident has spread to every player in the supply chain, or to shipping and supply chains around the world in a way that...
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• U.S. consumer demand continues to drive up freight rates

  Time: 2021-06-07 | Publisher: Kevin

  

  Industry analysts said freight rates will remain high for at least three to six months due to the combined impact of high demand and supply chain disruptions.Petersand, chief shipping analyst at BIMCO, said rates will continue to remain high as the traditional container shipping season approaches.The container shipping market is l...
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• High freight rates make it increasingly impossible for shippers to stay in business

  Time: 2021-06-04 | Publisher: Kevin

  

  Freight rates on major trade routes are squeezing retailers' margins and making the transport of some commodities unsustainable.According to an analysis by Sea-Intelligence, a maritime consultancy, average spot rates and carrier premium charges are critical to securing container and space bookings, which means that actual rates fr...
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• Asia - Europe route freight record high

  Time: 2021-05-31 | Publisher: Kevin

  

  Shipping rates for shipping containers from Asia to Europe have topped $10,000 for the first time, setting a new record.On May 27, Drewry reported that the quoted price of shipping a 40-foot container from Shanghai, China, to Rotterdam, the Netherlands, rose to $10,174, up 3.1% from last week.Market rates are already sky-high b...
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• The congestion is endless, shippers need to be prepared!

  Time: 2021-05-28 | Publisher: Kevin

  

  The traditional shipping season is just around the corner, but congestion at the nation's ports has not eased, and now the Port of Oakland is overtaking LA/Long Beach as the center of congestion.In a client advisory on Wednesday, shipping giant Maersk warned that Los Angeles and Long Beach "remain stressed by an ave...
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