The anticompetitive agreement on transpacific trade got bigger. Two agreements merge into one. The outcome will be price ‘fixing’ or rationalization. An attempt to overcome the downward push of freight rates in perfect competition. Look for container rates to stabilize.
Transpacific carriers discuss round-trip economies – Lloyd’s Loading List.
Posted in Shipping
The Panama Canal Expansion is causing LA and LB to reduce cost by upgrading their cargo handling capability. It is a big investment. We can see there is a race between giants to spend more and obtain faster throughput for customers, and better access. Who wins will determine where the Asia-Europe trade will go in a few years.
Wary of Losing Business Because of Panama Canal, Officials Urge L.A, Long Beach to Upgrade Now.
Posted in Shipping, Supply Chains
A substantial rise in ocean shipping rates is affecting exporters! Should we hang our hat on increasing exports here in the US? There are lots of variables, some very volatile. These include freight rates and currency fluctuations as well as labor costs. The full landed cost will go up on account of this change.
Posted in Logistics, Shipping, Supply Chains
Supply Chain Digest Port Technology International Marine Link
