As we sail into the new year, it's time to batten down the hatches and prepare for some potential choppy waters. Here's the latest on the looming port strikes and a rundown of what you need to know about the 2025-26 shipping season. Port Strikes: A Storm on the Horizon? Remember the port strike in October? Well, we might be facing another one soon. The current contract…
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Shipping Challenges in 2025
The year 2025 is shaping up to potentially be a wild ride in container shipping. From potential strikes to looming increased tariffs and Chinese New Year, there's a lot to keep an eye on. Let's break down the key challenges and see how they might impact your supply chains. East Coast Showdown: The ILA Contract Negotiations The International Longshoremen's Association (ILA)…
CONTINUE READINGEast Coast Strike: A Deeper Dive into the Standoff
The ongoing strike by dockworkers on the U.S. East Coast has brought maritime trade to a standstill, leaving many to wonder: why hasn't a resolution been reached? While it appears counterintuitive, several factors incentivize both the International Longshoremen's Association (ILA) and the United States Maritime Alliance (USMX) to prolong the strike. Why the Strike Drags…
CONTINUE READINGNavigating the Waves: Spot Rates vs. Contract Rates in Ocean Shipping
The shipping industry is buzzing. Rates are climbing, carriers are thriving and shippers are feeling the pinch. Is it 2020 all over again? While the current market may feel familiar, understanding your options is key to navigating these turbulent waters. Let’s dive into the difference between spot rates and contract rates to help you make informed shipping decisions. Spot…
CONTINUE READINGSupply Chain Update: A Closer Look at Containerized Ocean Freight and Its Impact on the Housewares Industry
The global supply chain remains a complex and ever-changing landscape. As we navigate these fluctuating waters, staying informed about key developments in containerized ocean freight is crucial to making informed decisions and maintaining efficient operations. Regulatory Landscape: Recent rulings by the Federal Maritime Commission (FMC) have sought to address…
CONTINUE READINGWhy Shipping Rates Are Soaring (and When Relief Might Come)
If you thought the days of skyrocketing ocean shipping rates were behind us, think again. Just when shippers hoped for a post-pandemic reprieve, a perfect storm of factors once again pushed prices upwards. Here's the lowdown on what's happening and what to expect: Capacity Crunch: Not What We Expected Before the Chinese New Year in 2024, the outlook seemed promising for…
CONTINUE READINGIHSA to Introduce “Core Carrier” Program
The carrier landscape has changed dramatically over the last five years. Carrier consolidation has been a game changer. With fewer entities, the carriers now have a much greater ability to manage capacity in their favor. We believe the carriers will continue to manage capacity for the foreseeable future. To help combat this serious issue, IHSA will be nominating four carriers…
CONTINUE READINGLow Chinese Shipping Rates Severely Undercut American Businesses
An international postal agreement has been tipping the scales in favor of Chinese merchants for decades, allowing the e-commerce market to continue to become the domain of the Chinese at the expense of U.S. companies and taxpayers. The USPS is part of an arcane arrangement with the Universal Postal Union (UPU), which is the postal arm of the United Nations. This arrangement…
CONTINUE READINGOcean Network Express Startup Issues
The merger of the three major Japanese container lines, K-line, MOL and NYK into Ocean Network Express (ONE) has gotten off to a rocky start. Industry experts expected a few hiccups during the startup phase of the merger. However, anyone that has shipped or has attempted to ship with ONE can safely say the issues have gone far beyond a few hiccups. IHSA has a contract with…
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