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Category: Containers

GAVA GROUPNewsContainers
23 Apr 2023
0 Comments By GV Asia Trade Lane, Containers

Over the past five years, Vietnam has experienced a significant increase in container exports to the United States, with a growth rate of 156%

Xeneta’s data reveals that Vietnam is rapidly emerging as a source of manufactured goods for the United States, effectively challenging China’s stronghold in the Trans-Pacific container trade. A variety of factors, including geopolitical tensions, reshoring, and changes in foreign investment flows, are reshaping global trade patterns. Container imports from Asia to the U.S. have increased […]

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09 Apr 2023
0 Comments By GV Asia Trade Lane, Containers

Container Glut at China’s Container Depots

The slowdown in exports has China’s box depots facing a container pile-up. The latest report from Container xChange suggests that Chinese container depots are working at 90% utilization. “Oversupply makes it harder for the depots to move boxes. And because depots make money by moving these boxes, as opposed to storing them, the current circumstances […]

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07 Mar 2023
0 Comments By GV Containers, Economic Outlook

Ports on the West and East Coasts Experience Significant Drop in Container Traffic during January.

Concerns are rising among West Coast ports as negotiations resume between the International Longshore and Warehouse Union (ILWU) and Pacific Maritime Association (PMA). The slow pace of contract talks is negatively impacting import and export shipping business. January container volume numbers show a significant year-over-year drop at the ports of Los Angeles and Long Beach, […]

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04 Mar 2023
0 Comments By GV Asia Trade Lane, Containers, Economic Outlook, Long Beach Port

Asian Ports Overwhelmed by Accumulating Empty Containers

China’s major ports are facing a growing stack of empty containers, leading to the relocation of surplus boxes to secondary ports to create more space. Container xChange’s Container Availability index (CAx) shows that Shanghai, Ningbo, Tianjin, and Shenzhen ports have recorded a surplus of containers above 0.6 for 11 consecutive weeks as of February 5, […]

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15 Jan 2023
0 Comments By GV America Trade Lane, Asia Trade Lane, Containers, Ocean Freight Services

China Floats World’s Largest Containerships as MSC’s Growth Continues

MSC’s growth as the world’s largest container shipping company is continuing unabated despite continuing signs of a near-term softening in the market and falling demand. The carrier, which was tied with Maersk at the beginning of 2022 for the largest carrying capacity, has continued to expand. At the end of last week, two more ultra […]

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15 Jan 2023
0 Comments By GV America Trade Lane, Containers, Economic Outlook, Ocean Freight Services

Forecast 15% Reduction in Ocean Freight Capacity by 2024

Effective ocean carrier capacity will be decreased by up to 15% between 2023 and 2024, a result of new global fuel efficiency rules, along with slow-steaming and scrapping. The reduction will occur in spite of a continuous increase in newbuilding deliveries, container shipping analyst Lars Jensen has said. Total container shipping capacity will expand 8 […]

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