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11611 Đại lộ San Vicente
Suite 1020
Los Angeles CA, 90049

11611 Đại lộ San Vicente
Suite 1020
Los Angeles CA, 90049

Thứ Hai-Thứ Sáu, 9am-5pm

Oceanworks Logistics Insights: Q1, 2023

Oceanworks Logistics Insights: Q1, 2023

IS THERE A BOTTOM?

Container shipping prices are down 90% on the E. Asia – W. Coast lane and 78% on the E. Asia E. Coast lane from pandemic highs (source: Freightos Container Indexes: FBX01 and FBX03)

    INCREASED CAPACITY AND SLOWING DEMAND

    • Concerns about shipping lines drastically cutting capacities have been at least partially alleviated as transit times have even improved slightly over the last couple of months.
    • Services to secondary ports will continue to be limited as shipping lines shift more assets to major lanes.
    • Sweeper ships and more balanced trade have all but resolved the issue with empty containers piling up at major US ports.
    • Port operations in Asia, Europe and N. America seem to be normal, with the negative effects of strikes in the UK and Covid lockdowns in China gradually fading away.

     

    SOURCES

    https://www.logisticsmgmt.com/article/2023_rate_outlook_will_shippers_catch_a_break

    https://www.cnbc.com/2022/12/07/freight-rates-from-china-to-west-coast-down-90percent-as-trade-falls-rapidly.html

    https://www.portoflosangeles.org/business/statistics/container-statistics