News

The Transpacific demand remains high although the pace has softened. The number of container ships anchored off Shanghai and Ningbo has surged over recent weeks. Congestion is growing at major Chinese ports. There are now 242 container ships waiting for berths countrywide.

The market-driven rate increases are not easy to stop with current bottlenecks over supply chain. The LA/LGB port complex
has been already experiencing congestion as most new carriers deploy their new services there.

We are facing serious space cut by all carriers due to additional blank sailings caused by port congestion in USA which is much worse than ever before. The vessels are not able to coming back, which means the actual working space is much less. We have seen two-digit reduction of space in last months as we tried our hardest to keep the existing space with all carriers.

Rate & Market InformationIt appears August will be the cruelest month for trans-Pacific lanes as container volumes into North America are expected to reach a new record. Shippers are now focused on moving goods for the holiday shopping season, with back-to-school...