Freight Market Update: December 15, 2020
Transpacific eastbound rates rise on persistent equipment imbalances as South China feeder port stoppages halt new bookings into year-end 2020.
Transpacific eastbound rates rise on persistent equipment imbalances as South China feeder port stoppages halt new bookings into year-end 2020.
Transpacific rates rise on persistent equipment shortages and container imbalances in Asia, with carrier backlogs growing, per the December 8, 2020 update.
Transpacific rates edge up on equipment imbalances and growing carrier backlogs, with severe container shortages in Asia ahead of Chinese New Year demand.
Transpacific rates hold steady while equipment shortages hit Ningbo hardest, and Asia-to-Europe rates climb with new GRIs implemented for December.
Transpacific equipment shortages persist amid strong pre-holiday demand, with GRIs, peak season surcharges, and Felixstowe port congestion fees in effect.
Week of November 17, 2020: transpacific and Asia-Europe ocean rates climb on soft GRIs amid worsening equipment and space shortages out of Asia.
November GRIs take hold on Transpacific and Asia-Europe lanes as equipment shortages and import-export imbalances worsen through year-end 2020.
Carrier equipment shortages reach all-time difficult levels with vessels booked beyond capacity on Transpacific and Asia-Europe lanes into Q4 2020.