Monthly Archives for May 2017

Shanghai congestion improving steadily, data shows Forwarders are expecting Shanghai’s Yangshan terminal congestion to be cleared by mid-May. Bottlenecks at the port of Shanghai’s Yangshan terminals have continued to ease since peaking in mid-April, with vessel arrival delays in the last week of the month improving by 15 percent on the previous week.The latest available […]

JNPT gets final nod to equalize rates for rail-road handling The equalizing of road and rail rates is just one aspect of a push to grow rail volumes at India’s top port. Jawaharlal Nehru Port Trust (JNPT) has received final approval from port regulators to equalize rail and truck handling rates at all terminals, clearing […]

Carriers secure higher trans-Pacific contracts Trans-Pacific contract rates are much stronger than last year, though still not on par with rates in 2015. Trans-Pacific carriers generally secured annual service contract rates this spring that were higher than last year, bringing them closer to or at near break-even levels, but putting pressure on the lines to […]

Asia-ECSA contract prices doubling on spot rate strength Spot rates from Asia to Buenos Aires and other destinations on South America’s east coast plummeted last year. With container lines and Brazilian shippers finalizing annual service contracts, all-in freight rates on the Asia to East Coast of South America (ECSA) trade lane and on the backhaul […]

BCOs slowly warming to multiyear contract, performance clauses Container line reliability is a regular sore spot for shippers. Multiyear contracts and contract clauses allowing the reduction or striking of volume guarantees when carriers underdeliver provide beneficial cargo owners (BCOs) ways to reduce service and pricing volatility and time spent on bidding is slowing gaining interest […]