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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 ...