Rate & Market Information The transpacific market slows down in April due to various factors, and one major factor is because of the serious COVID lockdown in China. As many as 45 cities in China are now implementing either full or partial lockdowns, including...
Rate & Market Information COVID-19 outbreaks across China have led to widespread lockdowns in many cities. The reduced trucking capacity at many Chinese ports could see cargo volumes diminish temporarily as China battles the omicron surge. The supply chain...
Rate & Market Information The overall space situation has improved starting late February with more vessels are leaving US ports returning more equipment back to origin. Carriers are also deploying new capacity into the market by operating extra loader vessels....
Rate & Market Information Rates are expected to peak these two weeks of January and may slightly drop at the end of the month until first 2 weeks of February. Main factor for elevated rates continues to be high consumer demand and congestions at US ports. Rates...
Rate & Market Information Rates are expected to peak these two weeks of January and may slightly drop at the end of the month until first 2 weeks of February. Main factor for elevated rates continues to be high consumer demand and congestions at US ports. Rates...
Rate & Market Information The rush to get Christmas goods is over but imports remain high. As expected, demand for shipping goods before Chinese New Year have increased so rates have started to pick up again. The new round of GRI starting 1st Jan is around $1000...