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Asia-Europe spot rates show first steep decline of the year Spot rates on the Shanghai-Europe trade staged their first sharp drop this year, declining almost 11 percent and falling below $1,000 per 20-foot-equivalent unit for the first time in 10 weeks despite… Asia-Europe spot rates show first steep decline of the year Journal of Commerce

Trans-Pacific market strength unclear ahead of TPM SEA ISLAND — Despite an apparent recovery in the container shipping industry as seen in higher spot rates and shipping company share prices, there remain parallel, divergent narratives as to… Trans-Pacific market strength unclear ahead of TPM Journal of Commerce

Container shipping market strength unclear ahead of TPM SEA ISLAND — Despite an apparent recovery in the container shipping industry as seen in higher spot rates and shipping company share prices, there remain parallel, divergent narratives as to… Container shipping market strength unclear ahead of TPM Journal of Commerce

Forwarder group: Don't pay India import tax Global freight forwarding association FIATA has called on its members to refuse to pay India’s new tax on imports to shipping lines, branding the government ruling “unreasonable” and requiring further clarification.India’s Ministry of Finance introduced a Jan. 22 amendment to… Forwarder group: Don't pay India import tax Journal […]

Florida sea-air perishable transshipment begins Central America perishable shippers have greater access to international markets via the start of an ocean-to-air transshipment program in Florida. A refrigerated load of snow peas from Guatemala was transferred from a ship arriving at Port Everglades to an airplane departing Miami in what Crowley Maritime Corp. said… Florida sea-air […]

Forwarders back BCOs seeking FMC relief on demurrage WASHINGTON — Customs brokers and transportation intermediaries are lining up behind a shipper-led effort to require shipping lines and terminals to extend free time for container storage when ports are disrupted by events outside… Forwarders back BCOs seeking FMC relief on demurrage Journal of Commerce

JNPT shippers to pay higher rates Shippers using India’s top container port should expect to prepare to pay more to use the gateway, but the improvements the higher rates fund should improve productivity. India’s Tariff Authority for Major Ports, or TAMP, last week approved a request… JNPT shippers to pay higher rates Journal of Commerce

Chinese New Year capacity cuts deeper amid contract talks Higher than usual sailing cancellations during Chinese New Year on the trans-Pacific and Asia-Europe trade lanes is the latest example of ocean carrier capacity discipline amid annual contract negotiations. The deep capacity cuts forecast by SeaIntel come… Chinese New Year capacity cuts deeper amid contract talks […]

US rails under pressure to rejuvenate intermodal SAN DIEGO — Suffering from declining coal, oil, paper, and forest product loads, US Class I railroads must juice up their intermodal services by moving good and products faster and more efficiently. “The lowest cost supply… US rails under pressure to rejuvenate intermodal Journal of Commerce

Indian import tax raises costs, confusion A new tax on logistics services for Indian imports is creating costs and confusion that threaten the steady declines in freight rates from North America and China to India, which now average around $900… Indian import tax raises costs, confusion Journal of Commerce