USPTI and our clients continue to watch rates change rapidly. As previously note in our market updates; rates remain volatile. We anticipate rates to remain volatile thru mid-January and then begin to inch upward in anticipation of Chinese New Year. Supply and demand continue to be imbalanced and wi...
West Coast Ocean Freight Trend for year 2016 – 2017East Coast Ocean Freight Trend for year 2016 – 2017...
Trading conditions remain volatile in the Trans-Pacific import market. The anticipated historical peak season was short lived with volume near achieving levels that exceeded supply. Although one could anticipate a spike in volume prior to Chinese New Year, USPTI anticipates the market to be at...
January 2015 – The International Maritime Organization (IMO) has amended the Safety of Life at Sea Convention (SOLAS) to require, as a condition for loading a packed container onto a ship for export, that the container has a verified weight. The shipper is responsible for the verification of th...
September 2017The Trans-Pacific import market remains volatile. As carriers continue to attempt to artificially adjust supply and demand rates remain at competitive levels. Carriers continue to file rates increase but have had limited success in implementing the increases in their entirety. The cons...
Due to the historical peak season combined with the capacity disruptions created by the financial problems and pending bankruptcy of Hanjin the demand for space to the west coast is currently above available capacity for all carriers servicing the west coast. The shortage of available capacity to th...
For the first quarter, Hanjin Shipping reported a net loss of 261.1 billion South Korean won ($233.6 million) on sales of 1.59 trillion won, citing freight rates’ drop to record lows. That spurred the shipping line to file for court receivership , a complex international process that will mean the j...
Container line alliances have announced a host of sailing cancellations in the post Chinese New Year period ahead of the traditional sharp decline in cargo bookings after the mainland’s biggest annual holiday.The Year of the Rooster begins on Jan. 28, with shippers racing to get their cargo loaded b...
Dear Valued Customer:As we move through the historical peak season in the Trans-Pacific Import trade, USPTI would offer the following comments related to current and anticipated trading conditions. Overall cargo volume continues to increase.East Coast With the opening of the expanded Panama Canal, t...
New orders for manufactured durable goods grew 0.8 percent to $230.7 billion in March 2016 following a revised 3.1 percent monthly decrease in February, according to data from the United States Census Bureau.New orders for manufactured durable goods in the United States ticked up in March 2016 after...
As per the SOLAS regulation, effective 1 July, 2016, it is the shipper’s responsibility to provide the Verified Gross Mass (VGM) to USPTI or the port terminal facility representative upon the delivery of the container to the port facility and prior to loading.“VGM rule” prescribes two methods by whi...
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 how strong the market truly is.Several observers, analysts and carriers are convinced the market is recovering off an extr...
During the months of October and November we saw not only increased demand for space but also increased rates. For December we anticipate rates to stabilize in the first half of the month consistent with current supply and demand. One should anticipate increased freight charges in the last half of t...
A logistics company partner is often required in order to effectively run all aspects of a business within the transportation industry. However, logistics companies must be organized and consistently improving in order to meet client needs. USPTI proposes the top three ways in which to enhance opera...
