Shipping
Market Update Q2 2025: No.17
Today is "Liberation Day" AKA the day all the tariffs go into effect, even though it's a Wednesday, it is an appropriate day for a market update: Attached is the current tariff announcement in terms of amount by country - any country not mentioned is now a 10% increase, but it is an ever-changing landscape, and we don't have information yet on tariff stacking which is the real question for China and a few others
Read MoreMarket Update Q1 2025: No.16
March 23 and April 1 increases: For most of March, vessels have not been full and import demand/volume has not been strong for various reasons. Not the least of these are the tariff implications, and I'm sure everyone has heard plenty about them at this point.
Read MoreMarket Update Q1 2025: No.15
Steel and Aluminum Tariffs: What you need to know to prepare. We'll help you plan
Read MoreMarket Update Q1 2025: No.14
Here’s a quick market update today for you all to give you a little bit of insight into the upcoming tariff applications, capacity and vessel schedule changes along with some rate forecasting.
Read MoreMarket Update Q4 2024: No.13
2025 - at least the first quarter of 2025 is shaping up to be nothing but absolute chaos, so it is important you get your rest - you're going to need it. As expected, the back half of December is rife with rate increases, and so is January - carriers in my opinion are front-loading these increases in anticipation of the chaos that is slated to happen (see below)
Read MoreMarket Update Q4 2024: No.12
Transpacific Market Rates and Updates, Carrier schedule changes/Blank sailing. Canada West Coast Labour Update - Vancouver/ Prince Rupert - Strike Activity Commences
Read MoreMarket Update Q3 2024: No.11
ILA issued a statement that they will update the public and media on any new developments today at 11 am.
Read MoreMarket Update Q3 2024: No.8
Rate Increases. MSC introduces Trans-Pacific services. Cosco Increases Slot Space. Canadian Rail Freight Diverted to US amid Labour Uncertainty
Read MoreMarket Update Q3 2024: No.7
Capacity Crunch. Carrier halt bookings from India to Europe. Peak Season Surges. ILA Talks
Read MoreMarket Update Q2 2024: No.6
More of the same with the main events being even more service disruption from more ports and large increases for July. The only question on anyone's mind seems to be "when will this end?"
Read MoreMarket Update Q2 2024: No.4
"If it was easy everyone would do it" - waves of adversity continue to arrive and seems the entire year has had one thing or another to manage through (Red Sea etc.). On that note, thanks to everyone for collaborating with us through the chaos and we know you are all having to work extra hard just like we are......Just don't forget that working together we will be better able to manage the cargo and crap. We are here for you so do not hesitate to reach out even just for a chat.
Read MoreMarket Update Q2 2024: No.3
Unwelcome news first in terms of rate increases and service disruptions in the far east trade - similar to previous times carriers continue to "right size" the trade and push the supply/demand ratio into one that favors them at least in the short term.
Read MoreMarket Update Q2 2024: No.2
Bad weather in Asia, sailing schedules and rates, port and, Ocean Council updates
Read MoreMarket Update Q2 2024: No. 1
The Market: The Red Sea situation, Space and Sailing rates, Baltimore Francis Scott Key Bridge collapse impacts on supply chain and economy.
Read MoreMarket Q4
Market Updates for Q4. Panama Canal, Cargo availabilities and capacity, Shipping Costs
Read MoreTentative deal reached between ILWU and US West Coast Ports Employers
Late Wednesday, ILWU and Maritime employers reached a tentative agreement on a 6-year long contract covering all 29 US West coast ports
Read MoreIndian Ports Are Maxed Out
Due to equipment upgrades in port and cyclones hitting the coast, India's ports are experiencing a bottle neck at limited open ports. Carriers calling on the west coast of India are dealing with major service reliability challenges amid a severe port capacity strain in the busy trade corridor.
Read MoreSlowdowns and delays this week
Seattle port shutdown due to low productivity/ crane failure. Los Angeles and Long Beach Port terminal labor strike are causing delays and vessel backup.
Read MoreMore Blank Sailing from China
Ocean carriers plan to cancel 50 voyages from now till end of April. This signals the decline in Chinese imports to US.
Read MoreWan Hai faces $950,000 fine under revised FMC settlement over detention charges
Ocean carrier Wan Hai would pay a $950,000 fine under a proposed settlement involving claims it wrongfully charged US shippers detention penalties on 21 occasions in the spring of 2021, according to a revised agreement submitted to the Federal Maritime Commission (FMC).
Read More3 Things That Matter For The 2nd Quarter
The 3 key factors affecting the market moving forward will be: Vessel integrity/blank sailings and the cost of the disruptions to the customer Port issues with empty returns (as a result of #1) Incoming capacity from carriers in 2023
Read MoreMarch 2022-China's lockdowns and Ukraine conflict effects on the Marketplace
Updates on Ukraine and Russian conflict and China's lockdown in Shenzhen
Read MorePierpass Increases at Los Angeles and Long Beach Ports
The West Coast MTO Agreement (WCMTOA) announced that the Traffic Mitigation Fee (TMF) at the Ports of Los Angeles and Long Beach will be temporarily adjusted from December 1, 2021, through January 31, 2022, subject to regulatory clearance by the Federal Maritime Commission
Read More[Update 2.2.22]Container Dwell Fees set to begin... FEB 4, 2022
The Ports of Long Beach and Los Angeles have announced and made effective a CONTAINER EXCESS DWELL FEE / CONGESTION DWELL FEE for which the ports will charge ocean carriers for each container that exceeds specific dwell time.
Read MoreWhat's to follow now the Suez Canal blockage is cleared?
The aftermath of the Suez Canal. What to expect? what are the coming challenges?
Read MorePort Congestion All Time High
Read MoreAsia-US Delay Domino
Still feeling the effects of summer Covid Delays causing turmoil on global supplychain.
Read MoreFourth Quarter Updates
Updates on shipping state and patience to see how our next US administration will influence future trade.
Read MoreFEU rates above record
New GRI set to push Asia-US West CoastFEU rates above record. #CovidUpdates
Read More