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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 . ....
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 . ....
The premium surcharge, which overstayed in the trans-Pacific route and later in other ex-Asia routes for nearly a year, is expected to continue at least through the first half of 2022 due to firm demand and worsening schedule reliability, despite reports of easing in some regions post China’s Golden Week holiday. “Premiums would most likely . ....
China has imposed a 14-day lockdown at Zhenhai, one of the six districts in Ningbo, amid an increase in coronavirus infections, prompting concerns of port disruptions and worsening supply chain blockages, market sources said. “Just received an update from our China contacts…Zhenhai district has been locked down due to three positive cases of COVID-19. The . ....
After navigating choppy waters for more than a year now, market sources fear that despite some signs of a rebalancing in demand and supply, the container industry faces another challenging year in 2022 with port congestion issues set to remain a major pain point. Although there has been a weakening in spot rates on . ....