According to Sea-Intelligence, missing vessel capacity escalated in January 2022, with 13.7% of the fleet unavailable. The capacity absorption data shows that February recorded a slight improvement at 11.6% (see Figure 1). Schedule reliability for February will likely be worse than what is being reported now. Sea-Intelligence explains that due to certain cases having protracted […]
Read MoreA report The impact on trade and development of the war in Ukraine by the United Nations Conference on Trade and Development (UNCTAD) warns 1.5 million containers of Asia-Europe rail cargo could be re-routed to the ocean freight market and drive freight rates even higher. The war between Ukraine and Russia has disrupted land and […]
Read MoreBy Paul Berger WSJ U.S. importers are already starting to reset their supply chains to avoid disruptions ahead of potentially contentious contract talks this summer between West Coast dockworkers and the companies that manage the flow of goods through ports. Some shippers are pulling forward their holiday-season orders to get them into domestic networks early, […]
Read MorePaul Bartlett Seatrade Maritime New The cost of fuel reflects the most immediate impact on shipping of the conflict. However, in the weeks ahead, analysts predict a broad fallout from Russia’s aggression which has generated widespread condemnation and protests too from ordinary Russian people. The bunker price hikes did not mirror the leap […]
Read MoreGlobal port congestion will continue going into Q2, container shipping analysts tell shippers. Asia-based Linerlytica reports escalating port congestion at North America, with ports on both the East and West coasts recording new highs (see Figure 1). The company calculates that 10% of the global containership fleet, the equivalent of 2.53m TEU, is […]
Read MoreBy Dominic Pino National Review In February port congestion seemed to be reaching a plateau. The evidence to support that conclusion was the line of ships waiting for a berth at Los Angeles/Long Beach, which had seen a steep decline for the first time in a while. Unlike in the past, it seems that was […]
Read MoreSource: Reuters The World Trade Organization’s (WTO) chief economist said last week that global trade bottlenecks are the result of a surge in demand rather than a supply chain disruption. The expectation is for pressure to ease in the coming months. The WTO had believed demand for goods would slow in early 2022 but […]
Read MoreThere is growing agreement in the maritime industry that current supply chain disruptions will persist throughout 2022. Alphaliner reported a 26% surge in container ships purchased in 2021, the equivalent of 1.94 million twenty-foot equivalent units (TEUs). In the charter market, rates have reached record highs. Alphaliner said liners have acted to secure […]
Read MoreMike Schuler gCaptain The International Chamber of Shipping is calling on shipping stakeholders and governments to help prevent Russian and Ukrainian seafarers from becoming ‘collateral damage’ in the conflict between Russia and Ukraine. According to a 2021 report published by BIMCO and ICS, there are 1.89 million seafarers operating over 74,000 vessels in the global merchant fleet. The […]
Read MoreSam Chambers Splash247 Shenzhen might have got through the worst of another Covid lockdown, but the ripple effects of China’s battle with omicron are seeing ships back up along the nation’s coastline with carriers forced to change schedules to avoid growing congestion issues. Shenzhen came out of a seven-day lockdown yesterday, and while its […]
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