Sea

Lines set to impose new round of increased fuel surcharges for Q2

The sea freight bunker industry has been undergoing significant change since the introduction of the IMO2020 rule and the impact of measures taken in response to the Coronavirus pandemic have contributed to major shifts in oil market dynamics, with rising prices encouraging shipping lines to increase their BAF surcharges from April 1st 2021. The Bunker Adjustment

Q2 sea freight market report

With the 2nd quarter (Q2) of 2021 just a week away, we review five key issues, that are likely to impact maritime logistics platforms over the next three month period and the actions that you can take to protect your cargoes and the integrity of your supply chains. Equipment, space and congestion issues remain a

Ocean Container Carriers supply & demand gamble

Global lockdowns continue to drive consumer demand for goods, keeping ships full, sea freight rates high and leading shipping lines to take ever more desperate measures to increase their capability to take revenue opportunities. But, have they got their calculations right, or will their drive to add capacity lead to oversupply and rate softening. With

Suez Canal blocked by container ship

At 7:40 am on 23 March 2021, the 20k TEU container ship Evergreen Ever Given was navigating the Suez Canal when it ran aground, turning the ship sideways and blocking the canal, with the potential to impact oil and sea freight prices if she cannot be freed quickly by the tugs currently trying to assist. Update

Shipping lines imposing new round of surcharges and rate rises into quarter 2

The container shipping industry continues to face heavy port congestion and vessel delays worldwide. The situation adds to the severe lack of vessels and empty equipment availability, forcing carriers to blank sailings on some trades when these sailings could generate record revenues, encouraging the lines to impose a new round of peak season surcharges and rate increases.

The true environmental impact of empty containers

Environmentalists have long voiced concerns about the CO2 emission damage of the global shipping fleet. They believe that shipping laden containers are doing untold damage to the climate and are extremely concerned about the volume of empty containers that have been travelling the globe recently. Using public-access data in the United States, ‘green’ researchers found