Westbound sea freight market update

Demand for imports from Asia and the Indian subcontinent (ISC) continues to outstrip shipping line capacity, in a sign that with inventories low, second-half volumes are unlikely to let up, keeping pressure on a global supply chain infrastructure that is already buckling. The UK’s primary container ports will be expecting a spike in imports from

Container vessel schedule reliability at all-time lows on a global level

Vessel schedule reliability continues to struggle, falling to 38.8% in May, with the lines blaming congestion for the average 5.86 day delay of late vessels The latest schedule reliability statistics continue to reflect an ocean freight infrastructure that has struggled under the weight of increased demand and tight capacity for almost a year. Not only

Container ocean freight update; another week in sea freight

Sea freight spot rates have surged further on the trans-Atlantic trade and routes ex-Asia, as a month of port restrictions, congestion and disruption across south China ports diminishes container shipping’s already severe global capacity and equipment shortages. Shortages of space and equipment continue, as market demand exceeds supply and rates keep climbing, with blank sailings in June

New container ship orders cheer shippers

The new containership order-book has been in decline since 2008 but, driven by new carrier confidence, activity increased significantly in the fourth quarter of 2020, with a further surge of nearly two million teu of orders in early 2021, meaning that new ships on order equal 18% of the total global fleet – a five year high that is close

The pain of pandemic freight rates

There cannot have been many weeks when we were either warning of impending rate increases, highlighting recent increases, or explaining why further rises were likely. And while we have protected our customers from the worst excesses of the lines, this article by Mike Wackett for The Loadstar lays bare the stark reality for some shippers. In normal times

Yantian port looking to resume full container operations

Hutchison Port’s Yantian International Container Terminal (YICT) have announced that they will resume full operation from 00:00 on the 24th June, with effective controls of COVID-19 in place in the port areas and daily handling capacity increasing to 27,000 teu’s when all 11 berths return to normal operating levels. All berths, including those in the west port area,

Carriers profits soar, but shippers are distressed as a consequence

Rising shipping rates, sea freight disruption and port congestion, will only come to an end when global consumer demand eases, shipping lines believe. But as demand continues to outstrip supply, shippers are already in for a bumpy and expensive summer, with backlogs of growth and inventory stocking leading to an earlier and longer period of peak pressure for capacity placed on

Finished car shipments at pre-COVID levels

Car carriers that have been lying idle since the onset of the pandemic have been taken out of mothball, as one of the worst affected shipping segments, is quickly returning to pre-COVID activity levels. The car carrier sector was amongst the parts of the shipping industry hardest hit by COVID-19 last year, as car manufacturing