Stay updated with breaking news from North continent. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to record high levels, but support is expected to be maintained at least for another month on demand for restocking ahead of the Lunar New Year holiday. Conditions in China were a . ....
Container freight rates including premium service fees continued to escalate this week on trans-Pacific trade lanes from North Asia to North America on the back of widespread restocking by retailers ahead of Lunar New Year beginning Feb. 1, which is marked by operational slowdowns in East Asia. Available empty containers and space on ships leaving . ....
All-inclusive trans-Pacific container shipping rates to North America were buoyed in the week to Dec. 17 by a renewed push to restock retail inventories in the period between the calendar year-end and Asia’s Lunar New Year celebrations beginning Feb. 1, which will curb factory and transport operations. The acceptance of premium service fees in additional . ....
All-inclusive trans-Pacific container shipping rates to North America strengthened in the week ended Dec. 3, as shortages of equipment and carrying capacity in North Asia worsened amid steady demand from cargo loaders. Premium rates were offered in a wide range by various shipping lines but were mostly $12,000-$14,000/FEU for shipments from China to the US . ....
1. Container logistics issues continue to bite, worldwide What’s happening? The cost of container shipping has soared over the past year and is hovering at all-time-high levels. Container rates from North Asia to North Continent are eight-and-a-half times higher than a year ago, at $17,000/FEU compared to the $2,000/FEU seen a year ago. This comes . ....