Container Rate News Today

-hey, your mom and i procreated to that song. oh, ew! i think youve said enough. why dont we just switch to xfinity like everyone else? then you would know what year it was. i know what year it is. at this hour, fear is growing for a wider war in the middle east after the u.s. strikes dozens of targets in yemen. the threats now coming from iran-backed rebels. plus, the red sea ripple effect, how a tax in the region have shipping costs soaring. were running the numbers. and the ra...

The spot rate for a 40-foot container going from Shanghai to Genoa, Italy, in the Mediterranean jumped by more than $1,000 to $6,282.

Preliminary numbers that the Port of Los Angeles posted indicate a 5.8% drop in twenty-foot equivalent unit liftings for April against the same period a year ago, marking the second- busiest April in the port’s history. While finalized numbers have yet to be released, the port estimated volumes would total 890,000 TEU for April. “A ...

All-inclusive container rates into North America were largely unchanged during the week ended April 29 amid slow booking activity and more easily accessible FAK rate space. This comes as lockdowns in and around Shanghai persisted through their fourth week, and containerized exports from the globe’s largest production hub continued to be muted. “Space is open ...

All-inclusive container rates into North America were rangebound at depressed levels during the week ended April 22 amid weak demand for cargoes out of Asia. As many North Asian cities and production regions remain under lockdown, US cargo owner sources indicated that Asian exports were increasingly difficult to book, compounded by a raft of port ...

Shippers importing goods into the United States from Asia have been allotting more cargos to the US East and Gulf coasts in an effort to avoid congestion and diversify their risk ahead of potential industrial action at USWC ports, sources said. The shift comes as many North American ports continue to grapple with vessel lineups ...

Some further strengthening was seen over the course of the week for trans-Pacific premiums as many US-based importers continued booking cargoes to the US East Coast, rather than face the uncertainty of labor negotiations on the US West Coast. This has only served to fuel a currently worsening situation on the East Coast, with higher ...

All-inclusive container shipping rates from North Asia to North America fell sharply in the week ending March 3 amid pushback from shippers as bearish macroeconomic factors began to weigh on sentiment. Premium service fees for shipments from North Asia to both the East Coast and West Coast of North America were pegged at $1,000/forty-foot-equivalent unit ...

President Biden announced March 1 new initiatives that will ramp up regulatory oversight of the container shipping industry, calling it a contributor to consumer price inflation through the use of capacity-sharing alliances among the major shipowners. “When corporations don’t have to compete, their profits go up, your prices go up, and small businesses and family ...

All-inclusive container shipping rates from North Asia to North America held steady in the week to Feb. 25, but shipping lines were more bullish as cargo loading in China ramped up towards the end of the month. Space on ships was still sometimes available from North Asia on a Freight All Kinds Basis, assessed by ...