Normally, freight rates increase this time of year during international shipping's peak season when shippers are importing more goods than usual to stock up for the big holiday shopping season. [...]
This is a guest post by David Fan. Get a perspective from a freight forwarder on what digitalization means for the future of the companies shippers import and export their goods through by [...]
The trade war between the U.S. and China drags on without an end in sight. However, things are not all bad news for U.S. importers. Shippers who import from China got good news last week as Trump [...]
As expected, China retaliated against the U.S. for the tariffs hike President Trump ordered on $200 billion worth of Chinese goods. China announced its plan for tariff increases on $60 billion [...]
The share of shipments in the international shipping industry going to freight forwarders and Non-Vessel-Operating Common Carriers (NVOCC) is increasing.
Furthermore, it is not just [...]
Two weeks ago, when this blog last checked in on freight rates, they were falling. Massively. This week, transpacific freight rates rise significantly with a wave of General Rate Increases (GRI), [...]
International shipping spot rates are, not surprisingly, falling at the moment. But they have been falling massively.
Freight rate pricing tends to fall after the Chinese New Year as [...]
We live in a global economy where about 90% of the world's goods are transported by sea, but it hasn't been smooth sailing for the ocean freight shipping industry in recent years. And the waters [...]
Transpacific freight rates are soaring high right now and not just because it's peak season.
Shippers have been rushing to beat tariff increase dates on imports from China, [...]
You would think the trade war between the U.S. and China would be nothing but bad for transpacific shipping; however, it may have just saved the year for carriers.
Back in June, we [...]
A week ago, we posted a blog from Universal Cargo's own Cherry Chen outlining the section 301 tariff exclusion process shippers can use to request a one year tariff exclusion on products they [...]
Don't look now, but peak season is upon us. Yes, those big volume shipping months when importers are bringing in products to line store shelves for the back to school and holiday seasons are [...]
For years now, we’ve talked about overcapacity plaguing carriers in the international shipping industry and putting downward pressure on freight rates. Over the last couple years, freight [...]
With all the bad news for international shipping that came with the collapse of Hanjin Shipping, how about a little good news for the industry? U.S. agricultural exports look to get a huge bump [...]
Maersk, the world’s largest ocean carrier by capacity, had one of its ships collide with another container ship off the coast of China over the weekend. The ship then caught fire. While the [...]
You can talk about the motion of the ocean all day, but we all know that size matters in international shipping. And bigger is better, right? Well, it turns out the big shippers’ size has [...]
“While there are several factors involved, the primary is market demand. Traditionally from Dec through April for imports, especially from Asia to the U.S., it is called the [...]
China boasts the second largest economy in the world, but economic research and numbers show a declining Chinese economy in February. And that is not an anomaly, but a disturbing trend. Voice of [...]
Things have seemed a little “doom and gloom” lately with blogs about a decade-long recession for the international shipping industry, China shipbuilding struggles, and even an aground [...]
At Universal Cargo Management, we love Drewry Shipping Consultants. Drewry researches and consults on the international shipping industry, and they always have great insights to share. If you [...]