Monthly Archives for December 2016

GRIs lift trans-Pacific spot rates Trans-Pacific spot rates to the United States shot up roughly 20 percent this week after slight declines the prior week as general rate increases made an impact and shippers rushed to move boxes ahead of the two-week factory closings for Chinese… GRIs lift trans-Pacific spot rates Journal of Commerce

Airlines provide a lesson in pricing for ocean carriers A red-eye flight. Everyone is sleeping except for the steamship line executives pouring over the latest income statements showing red ink as far as the eye can see. Although there’s no end in sight, there may be a recipe for some relief aboard the airplane with […]

Asia-Europe spot rates end 2017 on a high Asia-Europe spot freight rates reached their highest level since July 1 in the final week of the year, continuing a steady increase that began late in the first quarter and ensuring that 2017 will start with prices up… Asia-Europe spot rates end 2017 on a high Journal […]

2M starts trans-Pac services to build on post-Hanjin gains The 2M Alliance of Maersk Line and Mediterranean Shipping Co. has introduced two new trans-Pacific services to capitalize on market share gains made since the Hanjin Shipping bankruptcy. Since Hanjin failed, Maersk and MSC have increased their… 2M starts trans-Pac services to build on post-Hanjin gains […]

Hanjin set to ask US court for more time to disclose assets Hanjin Shipping is expected to argue in a New Jersey bankruptcy court Wednesday why it needs extra time to disclose company assets held in the US and worldwide, amid close… Hanjin set to ask US court for more time to disclose assets Journal […]

Russian shippers seek investigation of surface transport collusion Shippers have asked Russia’s competition regulator to investigate what they describe as a system of collusion via bribes and close business ties that results in some shippers receiving better treatment than others from domestic surface transportation… Russian shippers seek investigation of surface transport collusion Journal of Commerce

Asia-Europe spot rates resume upward trend The Asia-Europe spot rate rose this week, reaching above the height it abandoned in the prior week with a slight decline, as the rate to the Mediterranean continued the slow, upward trajectory it began in mid-November. The rate for shipping a 20-foot-equivalent… Asia-Europe spot rates resume upward trend Journal […]

Trans-Pacific eastbound spot rate double-digit gains recede Trans-Pacific spot rates gave back some of their double-digit surge from last week, reinforcing a pattern of jumps and gradual declines that has taken place since Hanjin Shipping’s abrupt exit from the trade in… Trans-Pacific eastbound spot rate double-digit gains recede Journal of Commerce

Delays no excuse for carrier to unilaterally dispose of goods Q:  I have a question that I can’t seem to find an answer to: How long does a customer have to provide a motor carrier with disposition of cargo that was rejected by a consignee due to no fault of the carrier?            I have […]

Smoother Uruguay-Brazil customs process set — once agent slowdowns end Brazilian shippers stung by ongoing slowdowns by customs officers can take solace in the fact that when those officers decide to resume their duties as normal, shipments between Uruguay and Brazil will have less customs restrictions… Smoother Uruguay-Brazil customs process set — once agent slowdowns […]