Trans Pacific Trade Contract Rates Increased

Trans Pacific Trade Contract Rates Increased

Trans-Pacific Trade Contract Rates Increased by 20 percent.  Freight rates for annual ocean carrier contracts increased 20% in the trans-Pacific trade in recent negotiations conducted by the largest US Importers. They are signing the contracts at about $2250 and $1250...
Ocean Import FCL Rate Outlook

Ocean Import FCL Rate Outlook

Ocean Import FCL Rate Outlook for the remainder of 2017 through early 2018. 1)      Nov 1st GRI/PSS We have seen that October did not have any increase, and ocean import FCL rates were extended to end of October. This is normal in the month of October after the China...
Carrier Merger: NYK, Mitsui, K-Line

Carrier Merger: NYK, Mitsui, K-Line

New Japanese Joint venture carrier now ONE – The container divisions of Japan’s 3 liner shipping companies will be known as Ocean Network Express (ONE). ONE will be the name of the new liner shipping company that is a merger of the container shipping divisions of the...