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Average spot rates from Asia to the US West Coast have increased 70% over the last two months, with the lines successfully implementing a series of rate increases, while rates from Asia to Northern Europe spiked last week by 25%,
Rising imports have been driving trans-Pacific spot rates up as the peak season nears, though the lines GRI success looks less likely on North European routes, unless blanked sailings impact is felt quickly. After four months of rising imports from Asia
Despite the apparent lack of a traditional peak season, excess capacity and new container ships queuing up to join the trade, Maersk has announced a massive rate increase, with other lines following in their wake. Traditionally, at this point in the
Container imports Asia to the United States fell 13% in June, down 17% from China (-25% for 1H 2023), continuing an 11 month trend, while capacity to the East and West coasts is about to experience an influx of new
After a week of unofficial industrial action disrupting operations, West Coast ports are (mainly) back to normal and, against the odds, a labour contract deal may have been reached, but Panama Canal restrictions are impacting vessels serving East Coast ports,
While transatlantic sea freight rates have fallen far from their historic highs of last April, the comparatively high revenue opportunities continues to attract more ships to the trade, which are being shifted in from less profitable markets like the Asian
Last Sunday, the 22nd January, marked the start of the Lunar New Year holidays, with factories and most other parts of Chinese society closing down for at least a week and typically two, causing a pause in exports leaving the
Unit 1, Alpha Way, Thorpe Industrial Estate