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Industry News

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Industry News

  • Trans-Pacific Shipping Update June 30, 2021
    Market Update Carriers have announced General Rate Increases (GRI) for cargo from Asia to the United States effective July 1st and July 15th. The rates will be $900/20’, $1000/40’, $1000/40’HQ and $20 per W/M for LCL cargo. This week, the World Container Index shows the largest increase in Pacific rates as well as in the overall index since its inception in 2012. Rates from Shanghai to Los Angeles ...
  • Port of Yantian Update June 15, 2021
    For all of us involved in international shipping, we understand that for every disruption there’s usually a disproportionately large reaction (unlike Newton’s third law of motion). The Port of Shenzhen emcompasses over a dozen facilities including Yantian (one of the world’s largest and busiest container ports). The Port of Shenzhen is located in the Pearl River Delta—including Shenzhen, Guangzhou, Foshan, Zhuhai, and other coastal cities. This ...
  • Port of Yantian, Nansha & Shekou Terminal Update June 15, 2021
    The congestion and positive COVID-19 cases occurring at the port of Yantian have caused many vessels to omit service to the port. The current situation in South China is also causing shipping lines to increase rates while the space and capacity becomes even more tight. Drayage capacity is extremely tight in South China as fewer and fewer trucks can be utilized at the moment. Nansha Carriers including ...