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Week 38 Freight Updates

September 18th, 2020

China’s container traffic grows as exports recover … port of LA secures record month … Transpacific rates and capacity constraints create ‘nightmare’ for shippers … demand surge intensifies container shortages in Asia … ‘Oceanbird’ cargo-ship concept powered by gigantic wings … East coast ports get more shipping volumes … and more coronavirus live updates all created a huge splash in this week’s international freight updates. Short on time? Check out our summary of the latest shipping industry news.

China’s container traffic grows in early September as export orders recover from coronavirus supply chain shock

The slump in China’s worldwide trade showed further signs of recovery in the first two weeks of September as activity at major ports grew despite weaker global demand and the pressure of the relocation of supply chains, according to data from the China Ports & Harbours Association.

Port of LA secures record month with 961,833 TEUs

The Port of Los Angeles had its best month ever in August, but Executive Director Gene Seroka wasn’t sipping champagne during Tuesday’s press conference on volumes. “One month or even one quarter does not make a trend,” Seroka said.

Transpacific rates more than double, capacity constraints create 'nightmare' for shippers

Ocean rates continue to surge on the Transpacific route. They are up more than 50% YoY from China and East Asia to the North American East Coast, and have more than doubled (up 145% YoY) from China and East Asia to the North American West Coast, according to numbers from Freightos.

Demand surge intensifies container shortages in Asia

Shanghai, Singapore, and Port Kelang are among the Asian hubs facing a growing shortage of container equipment amid strong peak season demand, according to box availability data from online platform Container xChange.

This cargo-ship concept is powered by gigantic wings and wants to reduce emissions by 90% — check out 'Oceanbird'

A group of Swedish researchers and boat builders designed Oceanbird, a new type of cargo ship that’s powered by giant wings instead of a traditional engine. The ship will cut down on emissions by up to 90% compared to other cargo ships …

East Coast Ports Get More Shipping Volumes as Trade Routes Change

The trade rift with China and a boost in e-commerce are changing the way cargo comes into the U.S., with a greater share of goods flowing into East Coast seaports rather than the traditional gateways on the West Coast.

Virus Update: U.S. Prepares Express Shipping for Vaccines, Glut of Diesel at Sea Rises

FDA releases test data; Trade in Japan picks up; FedEx logs record revenue on surge in packages; Brazil coffee storage nears maximum capacity; U.K. closes testing site to clear space for Brexit checks; Amazon to hire 100,000 in U.S. and Canada; and more!

Dennis Rosenfeld2020-09-17T19:43:48+00:00September 18th, 2020|Shipping News|

About the Author: Dennis Rosenfeld

A proven leader and member of the Kesco team since 2017, Dennis brings 20 years of operational skills and business development to the table, having spent over half of his tenure implementing enhancements and fostering company growth from the ground up. That same commitment to strong relationships is what made him a natural fit for Kesco; Dennis’ demonstrated knowledge of client needs carries through to all aspects of his role, allowing him to continue to expand not only the company’s revenues, but the signature service that supports it.

Week 38 Freight Updates

About the Author: Dennis Rosenfeld

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