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...
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...
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...
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...
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...
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...
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...
