Trans-Pacific container rates climbed sharply over the past week as the industry prepares for an early peak season. Shippers are frontloading goods to get ahead of potential changes to tariffs in July and August. SONAR and Freightos both report that container rates from Asia to the U.S. West Coast have surged in recent days. At
Insights from Casper Alexandersen, Shipco’s Regional Manager, U.S. West Coast Most people outside logistics do not realize what it takes for a container to move from origin to destination. Transport is just one aspect; equally crucial is the coordination between numerous stakeholders, all working together seamlessly. When one part of the process is disrupted, the
Shippers moving cargo from Asia to the East Coast of South America (ECSA) are facing significant peak season disruptions, as container spot rates have nearly doubled in recent weeks. The sharp rise in rates is being driven by port congestion, equipment shortages, blank sailings, and carriers reallocating vessels to the Asia-U.S. trade. Ports in Brazil
Labor tensions at Canada’s West Coast ports have eased following a new agreement between port employer, the British Columbia Maritime Employers Association (BCMEA), and ILWU Local 514, the union representing longshore foremen. The deal covers about 700 longshore foremen working at the ports of Vancouver and Prince Rupert. It retroactively starts from April 2023 and
Airlines have reported a renewed interest in block space agreements (BSAs) as forwarders prepare for a potential spike in airfreight rates later this year. While some in the industry remain cautious due to ongoing trade uncertainties, others are locking in rates now as a measure of security against price surges down the line. Many airfreight
Insights from Mary Ann Chua, Shipco’s Director, Regional Accounts, Asia Pacific & India Subcontinent (APAC & ISC) Not all forwarders operate the same way. While some focus on airfreight and others on ocean, the real differences often lie deeper: in how they scale, where they operate, and how they respond to shifting demands. As these
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