No Rate Relief in Sight for Ocean Shippers as Lunar New Year Passes

There is no relief in sight for ocean shippers looking for a downturn in rates on the Transpacific route, as spot prices have risen another 7% in the last week between China/East Asia and the North American West Coast. Volume flowing to the West Coast is expected to stay elevated in the coming weeks, with…

Chittagong Shippers Brace for Eid Holiday Delays

Source: JoC Bangladesh officials are concerned that severe container congestion may occur at Chittagong Port, as the weeklong Eid holiday begins this Friday, marking the end of the Islamic month of Ramadan. During the festival period shippers stop taking delivery of import containers and sending outbound containers, as their factories remain closed for days. Port…