Manifest Weekly: March 1-7, 2023

What we’re covering


  • How US importers are fighting the millions of dollars in fees imposed by the world’s largest ocean carriers ?
  • This week’s featured news stories, including Tesla’s plans to invest a whopping $175 billion for growth ?
  • Shippers are not just looking for low freight rates, but are more interested in stability despite disruptions as they renew contracts ?
  • Logixboard’s featured content ?


US Importers Make Use Of New Shipping Rules To Fight Hefty Late Fees

Throughout 2020-21, thanks to COVID-19-induced lockdowns and delays, supply chains across the globe faced massive disruptions. This disruptive trend continued in 2022, despite easing pandemic restrictions, due to events like the Russia-Ukraine conflict and other weather-related mishaps. Thanks to these disruptions, importers ended up paying hefty fees for delays in picking up and dropping containers, despite restrictions and lockdowns. Now in 2023, US importers are fighting the millions of dollars in fees imposed by the world’s largest ocean carriers with the help of a new federal law and a newly emboldened regulator.

Shippers of furniture, electronics, and clothing were blindsided during the Covid-19 pandemic when ocean carriers added large fees for delays in picking up and returning containers. These costs added up even when importers had no chance of moving the boxes due to circumstances beyond their control.

Continue Reading



From The Manifest


Ready to win bids and increase revenue this contract season? We’ve got just the thing ?

Check out our Sales Proposal Template to get a head start on your sales meeting prep ?

Look inside for customizable slides that address your customer’s needs and sell your strengths to win more business ?


Download Now



Featured News Stories

Dashboards, not spreadsheets



Shippers Prioritizing Stability in This Year’s Freight Contract Renewals

With spot rates fluctuating as a reflection of supply chain disruptions and dipping demand, shippers and carriers have been struggling to ensure that they don’t overpay for freight. Starting from the COVID-19 aftershocks, the supply chain has been volatile since 2020. Now in 2023, as the time for renewal of contracts comes up, shipping lines are desperate to “rekindle relationships,” get contracts signed and, MQC (minimum quantity commitments) agreed, to avoid being overly exposed to the spot market.

Xeneta’s XSI Asia to US west coast component slipped another percentage point this week, to $1,581 per 40ft, but lower FAK rates are widely available. For the US east coast, spot rates from Asia are tumbling fast – down to about $2,000 per 40ft – bringing into question the economics of the longer-transit, considerably more expensive, all-water trade lane for carriers serving the route.

Drewry’s WCI Asia to North Europe reading this week fell another 2%, to $1,593 per 40ft, albeit that FAK ‘market rates’ from all the main carriers are about $1,000 per 40ft. Mediterranean rates also continued to slide, with the WCI component declining 2%, to $2,477 per 40ft. Rate procurement managers and shipping executives fear signing a deal at high rates in case there is a crash in prices again.

As a result, contracts for shorter periods seem to be more in vogue. Several shippers have expressed concerns about the fragility of the Asia-Europe trade lanes. Many annual contract negotiations that normally happen in November and December have been put on the back burner while volatility in the market continues. Xeneta’s chief analyst, Peter Sand, believes that transatlantic rates will normalize within the next six months, though. Shippers are clearly not just looking for low freight rates, but are more interested in stability despite disruptions.

That’s all we’ve got for this week!

Thanks for reading,
The LXB team ✌️