Transpac freight rates set to stay high amid 10‑day Shanghai Ningbo berth delays
Transpac freight rates are expected to remain high as berthing delays at Shanghai and Ningbo reach 10 days, despite the traditional off‑season and Golden Week slowdown. The delays follow Typhoon Saudel last week and ongoing port congestion in Shanghai and Ningbo, according to the Loadstar report.
Global container shipping is currently in its traditional fourth‑quarter off‑season, a period when demand usually softens. Yang Ming chiefs said freight rates on the transpacific trade could stay high despite the off‑season. At an online investor conference yesterday, Taiwanese shipping line executives cited a combination of Panama Canal issues as a factor influencing rates. Berthing delays at Shanghai and Ningbo have reached 10 days, exacerbating congestion.
What we know
Berthing delay at congested Shanghai and Ningbo now hitting 10 days
Following Typhoon Saudel last week and port congestion in Shanghai and Ningbo, the world’s two ...
While global container shipping is entering its traditional fourth-quarter off-season, freight rates on the transpacific trade could stay high, according to Yang Ming chiefs.
Yesterday, during an online investor conference, the Taiwanese shipping line executives pointed to a combination of Panama Canal ...