Ocean rate markets tick up against blank sailings
Asia-US west coast container spot rates jumped 39% at the end of April, as carriers implemented mid-month General Rate Increases…
China Q1 Volume Data
Overall cargo volume of Chinese ports climbed 6.2% year-on-year from January to March. Within these figures, Shanghai and Shenzhen showed…
POLB ties imports decline to sagging consumer spending
The Port of Long Beach (POLB) moved 1,721,326 TEUs during the first quarter of 2023, a 30% decrease from Q1…
Sudan: Carriers suspend cargo bookings
Ocean carriers, including Maersk and Hapag Lloyd, have halted new bookings to and from Sudan in the midst of the…
Suez Canal traffic and revenues impress in Q1
The Suez Canal Authority announced that the first quarter of 2023 revenues were up 35% to $2.3bn, while the number…
COAC Trade Advisory Committee’s public meeting highlights
Enforcement, trade facilitation programs, CTPAT, in-bond shipments, and export manifests were featured topics at COAC’s recent public meeting. CBP Acting…
Air freight market stabilizes
An increase in airfreight capacity and flight frequencies is meeting still-reticent demand. Rates are declining, but month-month drops are flattening.
US Lawmakers seek to toughen UFLPA Enforcement
Members of the Congressional-Executive Commission on China are pushing further enforcement efforts for The Uyghur Forced Labor Prevention Act (UFLPA)…
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Carriers working hard to manage container capacity
Ocean carriers continue to aggressively blank sailings to match deployed capacity with shippers’ demand. Freight rate declines have decelerated and…
US imports rebound in March
According to Descartes, U.S. imports totaled 1,853,705 twenty-foot equivalent units in March, a 6.9% increase from February despite declines in…
Industry Takes as West Coast Operations Resume
The state of West Coast labor contract negotiations between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association…