Page 2 - Container Rate News Today

All-inclusive rates during the week ending Feb. 11 on the North Asia-to-North America lane were largely flat against last week’s indications as post-Lunar New Year demand began to pick up and market participants eye potential increases in late February and March. And despite generally easing port congestion in the US, sources say stocks of rolled ...

Mexico’s container ports had their busiest year ever in 2021, handling 7.85 million twenty-foot equivalent units across the country for an increase of 21.6% over 2020, according to statistics from Mexico’s Secretariat of Communications and Transportation. Total container throughput at Mexican ports was the highest since 2019, when the ports handled 7.1 million TEUs, the ...

All-inclusive container rates out of Asian production hubs held their balance at a significant discount to previous highs seen in the December and January loading period as demand for cargo faltered on limited production capacity during the Lunar New Year holiday period. “Premiums skyrocketed before Lunar New Year, now have decreased a bit,” a US-based ...

Sources say that all-inclusive rates for trans-Pacific sailings in the March loading period have edged dropped significantly from pre-Lunar New Year bookings. The shipper demand and Asian output picture for late February are still unclear, as a longer-than-normal holiday period, coinciding with the Beijing Olympics, could result in a slowdown in Asian exports. During the ...

All-inclusive container shipping rates from North Asia to North America held steady in the week to Jan. 21 as cancelled sailings to counterbalance a pocket of weaker demand around February’s Lunar New Year holiday in Asia kept carrying capacity in short supply. There were some discounted rates available from Chinese forwarders eager to fill space ...

Demolitions of aging container ships dropped last year to the lowest level in at least six years as high charter rates encouraged owners to keep ships operating, according to shipping intelligence provider Alphaliner. An estimated 16,500 TEUs of container carrying capacity was scrapped in 2021, down from 194,500 TEUs in 2020 and 655,000 TEUs in ...

Container volumes at Singapore port were recorded at 37.5 million twenty-foot equivalent units in 2021, the highest annual volumes in the port authority database, starting in 2011. Volumes rose 1.6% year on year, according to preliminary data released by the Maritime and Port Authority of Singapore on Jan. 13. However, container throughput at the port ...

All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to record high levels, but support is expected to be maintained at least for another month on demand for restocking ahead of the Lunar New Year holiday. Conditions in China were a ...

Container freight rates including premium service fees continued to escalate this week on trans-Pacific trade lanes from North Asia to North America on the back of widespread restocking by retailers ahead of Lunar New Year beginning Feb. 1, which is marked by operational slowdowns in East Asia. Available empty containers and space on ships leaving ...

The premium surcharge, which overstayed in the trans-Pacific route and later in other ex-Asia routes for nearly a year, is expected to continue at least through the first half of 2022 due to firm demand and worsening schedule reliability, despite reports of easing in some regions post China’s Golden Week holiday. “Premiums would most likely ...