75% of ILWU Canada membership ratify deal
With union members voting to accept a contract tentatively reached in Western Canada and the port of Halifax, Montreal is the last major container port to agree a new labor…
Archive: Sea Freight
Asia freight market update; July 2023
A subdued peak season, followed by a lengthy slack period, will prompt further rate erosion from Asia to Europe, while rising imports have been driving trans-Pacific spot rates up and…
Mixed performance on sea freight lanes
Last week’s spot rate data saw trans-Pacific rates into the US West and East Coasts increase for the 3rd consecutive week, while rates from Asia into North Europe flatlined, Asia…
Leading shipping lines announce Asia-Europe price hike
With no significant peak season in evidence and despite record-breaking deliveries of new container ships, the three biggest carriers have announced General Rate Increases (GRIs) effective from the 1st August.…
Trans-Pacific sea freight changes
As carriers announce rate increases from Asia to Europe, they are also implementing a raft of service suspensions, port call changes and blank sailings to support freight rates from Asia…
West Coast challenges remain
While ILWU members on the US West Coast have secured a 32% salary increase over the life of the next six-year contract, the deal has yet to be ratified and…
After 13 months West Coast labour contract agreed
The agreement in principle was announced publicly last night (14th June 2023) and comes after 13 months of negotiations and a timely intervention by the President’s Acting Labor Secretary, to…
Lines likely to add capacity to profitable transatlantic routes
While the revenues the container shipping lines are making on the transatlantic trade has come down slightly since the beginning of the year, it remains far above comparable revenue on…
FMC uphold demurrage complaints
The Federal Maritime Commission (FMC) has received more than 200 complaints since the US Ocean Shipping Reform Act of 2022 (OSRA) was enacted in June 2022, with over 30% being…
Asia freight market update; December
Our final Asia freight market report of the year includes the latest news from China, as the country finally relaxes COVID control measures and provides multi-modal situation updates and insights,…
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