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Survey Points to Little Signs of Traditional Peak Period Ocean Container Demand

Supply Chain Matters

Now we have labour disruptions and the Panama Canal drought, which in normal circumstances would lead to an uptick in freight rates as they adsorb effective capacity, but any significant price effect is now highly doubtful in the current market.” This survey was conducted in May among participants in the global freight forwarding community.

Survey 52
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El Niño May Have Your Supply Chain Partying Like It’s 1997

Kinaxis

For example, the Panama Canal has already restricted the size of ships permitted to pass through it due to drought conditions created by El Niño. As a result, some shipments moving from Asia to the Gulf Coast and eastern ports of the United States will be forced to reduce cargo loads to meet the new requirements.

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When the Heavy Hand of Government is Not a Burden

MIT Supply Chain

One manifestation of this problem is that multiple ports on the east coast are deepening their approach channels in order to attract bigger cargo ships. The widening of the Panama Canal to enable larger ships to pass through the trade artery will generate this traffic. The situation is exacerbated by local stockpiling.

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December 13, 2023 Update

Freightos

Judah Levine December 13, 2023 Optimize your logistics tendering, vendor selection, negotiations, and procurement with Freightos Data Book a Demo Weekly highlights Ocean rates – Freightos Baltic Index Asia-US West Coast prices (FBX01 Weekly) fell 1% to $1,603/FEU. Asia-US East Coast prices (FBX03 Weekly) climbed 5% to $2,497/FEU.

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What’s Looming for Transpacific Ocean Shipments this Peak Season?

CH Robinson Transportfolio

As many shippers front-loaded inventory in the second half of 2018—especially the fourth quarter—to avoid potential tariff increases, the market saw drastic volume increases beyond what we’ve come to expect from years’ past. Higher inventories to avoid tariffs. gulf region due to Panama Canal restrictions. East Coast ports.