Insights

Stay Up to Date with the latest Laufer Market Letters and Whitepapers

Transpacific Eastbound Market Update – Week 24, 2021

The June 15th GRI was implemented across the marketplace as expected, with ocean carrier’s significantly increasing inland rail destinations by over $1,000 per 40’. West Coast and East Coast base port increases varied considerably by carrier. The FAK rate increases can largely be considered insignificant since premium rates are the…

Jun 17, 2021

Transpacific Eastbound Market Update – Week 22, 2021

The shipping chaos continues with little optimism for improvement over the next several weeks. Ocean carriers have announced a significant number of blank sailings for the month of June. This is primarily impacting cargo destined for US West Coast ports, as vessels are simply unable to complete the roundtrip voyage…

Jun 03, 2021

Yantian
Laufer Market Advisory 05/27/21: Port of Yantian Closure

Due to the combination of increasing severe congestion and a recent outbreak of coronavirus, Yantian International Container Terminal (YICT) announced that has stopped accepting loaded export containers. Five cases of COVID-19 asymptomatic carriers were confirmed in Yantian area and now all terminal workers are required to take a Covid-19 test…

May 27, 2021

Market Letters

International Airfreight Market Update – Week 20, 2021

May 18, 2021
China Airlines’ 14-day mandatory quarantine for pilots is in place, however the situation is not as dire as expected. There will be about a 20% reduction in flight schedules resulting in a 10% drop in overall capacity. Last week we had reported that all flights to/from JFK and ORD would be grounded but that is no longer the case. Despite the cheerful news, rates out of Taiwan, the airline’s base country, are still some of the highest in the world.
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Market Letters

Transpacific Eastbound Market Update – Week 19, 2021

May 14, 2021
Most ocean carriers are reporting that capacity through mid-June is already approaching maximum levels due to the latest additional blank sailings announced in the market. The Transpacific import market will continue to face ongoing capacity challenges until terminal berthing delays ease, allowing additional weekly capacity to return on the Transpacific.
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Market Letters

India Market Update – Week 19, 2021

May 12, 2021
Conditions in India continue to worsen as the country faces a second wave of the COVID-19 pandemic. Reimposition and extension of lockdowns across the country are impacting the availability of labor at ports and inland locations. This is further exacerbating congestion and equipment issues. The number of Covid cases is increasing day by day there is a slowdown in cargo movements and in turnaround times to and from airports, seaports, CFS stations and ICD’s. With the increase of Covid cases in India, many carries, steamship lines, forwarders have announced WFH (Work from Home) conditions, and the government has asked factories to work at 50% staffing. This is creating further constraints to the operational activity required for shipment execution.
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