News

Market Analysis

• All Importers Experiencing Supply Chain Challenges
• All importers, regardless of size, are having issues securing equipment and space.
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• Exports From China Slow
• Container shipments from China slowed during the month of June.
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• Exports Slow From May
• Exports flattend in June but are still up 16 percent compared to 2009.
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• Shippers Can Expect Higher Rates
• At least one analyst is telling shippers to prepare for higher rates for the remainder of this year.
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• Spot Rates Continue To Climb
• Spot rates continue to increaseon Hong Kong to Los Angeles cargo. The average rate has increased182% in just one year.
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• May Box Traffic Sets Record
• Container traffic in May through China ports increased 49% over last year.
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• Container Shortage
• Is it a shortage or a deployment problem?
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• NOL CEO Believes Slow Steaming Here To Stay
• The NOL chief said shippers want reliability more than fast ships.
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• Slow Steaming
• Slow steaming is having a major impact on capacity.
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• Continued Growth For Container Imports
• Containerized imports are scheduled to increase through the shipping season.
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• Asian Carriers Reduce Fleets
• The seven major Asian ocean carriers reduced 16 percent of their capacity over the last 15 months.
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• Rate Hikes Vary
• Carrie increases likely to vary by contract. The market GRI imposed in past contracts may not happen this year.
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• Carriers Boost Capacity
• Carriers are set to boost capacity in the global market by 785,000 TEUs. This could impact the increase in rates anticipated on May 1st.
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• Maersk Warns Against Adding Capacity Quickly
• There is concern by some carrier executives about adding capacity back in the global trade.
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• TSA Predicting Strong Growth
• Ocean carriers operating in the Transpacific expect container volumes to surge 6-8 percent in 2010.
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• Schedules Becoming Unreliable
• Slow steaming may reduce fuel costs but it also reduces reliability of arriving at the port on time.
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• Carriers Confident About GRI
• One TSA carrier, COSCO, is confident that the May 1st GRI will be secured.
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• Retail Sales Up
• NRF reporting jump in retail sales despite the winter storms that blanketed much of the East Coast.
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• Asia-Europe Cargo
• Cargo moving in the Asia-Europe trade lane has increased significantly over last year.
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Association Advisories

• New Security Rules Further Impact Supply Chains
• Only time will tell whether the August 1st deadline for TSA to screen 100% of air cargo will be met.
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• Air Freight Market
• The backlog for air freight has not eased up.
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• Environmental Standards Must Be Consistent
• Reducing emissions is something that all ocean carriers are striving for.
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• Ocean Lines Slowly Adding Capacity
• Carriers are slowly returning capacity to keep up with growing demand.
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• 10+2 Causing Confusion
• Customs is reaching out to importers in an effort to explain the rules.
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Legal Corner

• COGSA OR CARMACK?
• All nine Justices of the Supreme Court agree that K-Line is not a railroad.
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• The Incoterms: Their Uses And Some Pitfalls
• Incoterms have been developed by the ICC to standardize the interpretation of trade terms throughout the world to facilitate the conduct of international trade.
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• The Mischevious Forum Selection Clause
• A recent case in New York illustrates the fact that hiring an NVOCC or freight forwarder to transport cargo may sometimes have unintended consequences for the shipper.
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• Air Cargo Screening
• Deadline for 100% screening of air cargo approaches.
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• Big Changes at FMC
• There are big changes at the Federal Maritime Commission.
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