Page 7 - Jon Monroe News Today

Trans-Pacific spot container rates have plateaued and in some cases pulled back, spurring speculation that container investors’ bull run has peaked and relief is on the way for U.S. importers. The case for calling the top: Chinese container port congestion has dramatically declined over recent weeks, Chinese factories are being plagued by power outages that ...

Pullback in trans-Pacific shipping rates: beginning of the end or brief reprieve with end still not in sight?

Supply chain woes and port congestion are now getting attention at the central-bank level, given their effects on inflation. Federal Reserve Chairman Jerome Powell recently lamented, “It is frustrating to see the bottlenecks and supply chain problems not getting better. In fact … [they are] apparently getting worse.” Powell foresees supply chain woes “continuing into ...

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ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

US ports face peak-season ‘gridlock plus’ as anchorages fill Around 80 container ships are now at anchor awaiting berths at US ports Ships at anchor off Los Angeles/Long Beach on Friday (Map: MarineTraffic) The fear voiced by Port of Los Angeles Executive Director Gene Seroka earlier this year was that “we will still have vessels at anchor come midsummer,” when terminals pivot to handling the peak season rush starting around Aug. 1. It is now midsummer. There are still vessels a...

Exportadores en Centroamérica: No es negocio importar desde China El aumento desmedido en los precios de transporte marítimo desde China ha obligado a importadores a buscar a nuevos proveedores, mirando principalmente hacia Suramérica e India donde no hay variaciones en las tarifas marítimas. Desde enero se experimenta una escalada de precio en los fletes de los servicios de transporte marítimo desde la República Popular China, que estaría asociado a la recuperación de la actividad ec...

No matter the rhetoric, the unvarnished truth is it takes people to move trade.

By Mike Wackett (The Loadstar) – Shippers from Asia to Europe saw a further spike in container spot rates this week, particularly for Mediterranean ports. And ocean carriers are said to be preparing big increases in short-term rates as cargo-rolling becomes the norm. On the transpacific, carriers are ‘sold out’ for the rest of May and into June, with this week’s spot rate increases from Asia to the US west and east coasts described by one shipper as “academic”. The North Europe co...

By Mike Wackett (The Loadstar) – Container freight indices are on the rise again, but even at their highly elevated levels they mask the true cost of shipping. For example, the Freightos Baltic Index (FBX) North European component jumped by 6% this week, to $7,791 per 40 ft – a huge 450% increase on the rate a year ago, but still unlikely to turn the heads of carriers that can easily fill ships with containers paying double that rate. A leading UK-based NVOCC has shown  The Loadstar its...