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Two weeks after sea freight spot rates from Asia to Europe started to peak and after the scramble for capacity ahead of Lunar New Year subsided, it seems that the US trade lane from Asia may be following suit. Two weeks
Container Trade Statistics (CTS) demand data has been released for June and even though demand measured in TEU Miles is essentially hovering around zero the collapse in demand appears to have halted, and while it may be at a low
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
All importers are required to comply with the Uyghur Forced Labor Prevention Act, which came into effect on the 21st June 2022, with the requirement to submit China postal codes, to prove that goods have not come from the Uyghur
Having seen record queues of over 100 vessels disappear entirely and long dwell containers fall by 92% over the last 14 months, the Ports of Los Angeles and Long Beach are going to scrap a container dwell fee programme that
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