Despite the start of the traditional slack season – as China’s Golden Week holiday gets underway – there seems no easing of the demand spike from Asia to the US and Europe. And reports to The Loadstar suggest some factories in China are continuing production during the holiday to catch up with...
As CMA CGM’s IT engineers continue, for the fifth day, to try to restore its systems following a cyber-attack at the weekend, the French carrier has come under mounting criticism from customers that its back-up booking process is inadequate. Yesterday, the carrier said its “back-offices [shared services centres] are gradually being reconnected...
CMA CGM yesterday revealed it may have suffered a data breach during the recent cyber-attack. As the French carrier works on restoring its systems, it said: “We suspect a data breach, and are doing everything possible to assess its potential volume and nature.” However, it added that its IT technicians had made progress...
Transpacific carriers have reacted to a robust demand outlook and record container spot rates by deploying extra loaders on the tradelane. With October advance vessel load data for the port of Los Angeles running 30% to 34% higher than last year, carriers are also looking at more permanent network upgrades on the...
Having succeeded in aggressively raising container spot rates during the pandemic, ocean carriers are now laying the foundations for a substantial uplift in annual contract rates. Shippers and carriers traditionally start negotiations for the Asia-Europe trade in October and November, and for Asia to the US in February and March. Maersk, for example,...
Container spot rates on the transpacific eased back this week, suggesting the bull run on the trade may be ending. Today’s final publication of the Shanghai Containerized Freight Index (SCFI) before the Chinese Golden Week holiday recorded an $11 decrease for rates to the US west coast, to $3,856 per 40ft, and...
