Market Update:
Non-stop demand and the lingering effects of the Suez blockage drove a 17% increase in container freight rates this month with a new high of $5,115/FEU.
Delays, disruptions, and the empty container shortage are having the greatest impact on lanes reliant on the Suez, but prices are climbing everywhere.
- Asia-Mediterranean rates crossed the $10,000/FEU mark, increasing 27% in May and 44% since the start of the year.
- Asia-US East Coast rates climbed 18% to $7,328/FEU.
- Asia-US West Coast rates also increased, 11% for the month and 28% so far this year, to $5,379/FEU.
- Asia-Europe prices, closing the month at $9,220/FEU, six times its level a year ago.
- Europe-US East Coast rates are up 27% to $4,046/FEU and Europe-South America East Coast prices climbed 35% to $2,054/FEU. Rates on both lanes have more than doubled since the start of the year.
With peak season just around the corner and retail inventory levels still lagging, volumes will likely stay elevated through the end of the year.
Source: FBX
Asia-US East Coast routes may be affected as well since 30% of shipments along these routes travel via the Suez
Importers have continued facing high prices in recent weeks, with high demand for consumer goods keeping ocean volumes and prices up.
On top of that, we’re sure you heard the news of a massive container ship getting stuck in the Suez Canal and blocking traffic for six days.
As a result, Asia-Europe routes are expected to see delays followed by congestion as delayed and scheduled vessels arrive all at once. Asia-US East Coast routes may be affected as well since 30% of shipments along these routes travel via the Suez, but the lull and surge will likely be less severe. Asia-US West Coast routes should not feel too much of an impact other than possibly reduced container capacity.
COVID-19 Reopening Resources for Pilates Professionals
As we look cautiously to the future, many Pilates professionals have questions about when and how they can begin caring for their clients again. The Pilates Method Alliance has been actively monitoring the federal and state agencies as they consider reopening strategies. We aim to provide information, understanding that policies will vary greatly from state-to-state.
Everything you need to know about the Pilates reformer machine — plus how to take some of the popular exercises out of class and onto a mat a home.
Check Pilates news and interesting information from The New York Times website.
Check Pilates news and interesting information from Vogue Magazine website.
Check Pilates news and interesting information from blogs around the world on feedspot.com
Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention, said Monday that he expected the reopening to play out “community by community, county by county” but that the U.S. would first need to “substantially augment our public health capacity to do early case identification, isolation and contact tracing.”
With great regret, the PMA has made the decision to cancel their annual conference, which was planned to take place in Tacoma, WA on November 4 -7, 2020. Given the hardships and uncertainty confronting our world on every level due to COVID-19, the PMA felt that for the health and safety of all the participants, it was preferable to cancel the Tacoma event than to go ahead.
Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention, said Monday that he expected the reopening to play out “community by community, county by county” but that the U.S. would first need to “substantially augment our public health capacity to do early case identification, isolation and contact tracing.”
Dr. Robert Redfield, the director of the Centers for Disease Control and Prevention, said Monday that he expected the reopening to play out “community by community, county by county” but that the U.S. would first need to “substantially augment our public health capacity to do early case identification, isolation and contact tracing.”
Many small companies and nonprofits are eligible for federal grants and low-interest loans. But red tape abounds…
Everyone desires to buy the best Pilates equipment to get excellent results. When you are looking for Pilates machines online, you should give attention to the warranty services as well as the functionality and design of the equipment. The warranty service of the pilate equipment will allow you to use the tool for a longer time with no bother.
So, if you want to get the best value for money, then it is important to check the warranty services on the tool for desired outcomes.
