Battle for Space on the Transpacific

(International Freighting Weekly – Mike King)

Capacity squeeze and cargo backlogs at Chinese ports will force early surcharge

Carriers are poised to bring forward peak season surcharges on the transpacific trade as cargo piles up at ports across China due to a lack of containership capacity.

Paul Tsui, Chairman of the Hong Kong Association of Freight Forwarding and Logistics (HAFFA), said most sailings to the U.S. were hugely overbooked, resulting in the constant rollover of consignments. […]

Lines have been squeezing capacity on the transpacific trades in the lead-up to the annual contracting season, which is now almost complete. Read more here.