Global 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. The company calculates that 10% of the global containership fleet, the equivalent of 2.53m TEU, is presently tied up by port […]
Read MoreIn 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 not due to changing the […]
Read MoreThe 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 the Omicron variant […]
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 tonnage before […]
Read MoreThe 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 report estimates that 10.5% […]
Read MoreShenzhen 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 port workers were allowed […]
Read MoreAfter two weeks since Russia’s invasion of Ukraine, there seems to be a negligible impact on the container prices and leasing rates in China. Container availability has improved soon after the Chinese New Year until Friday across key ports in China. However, with the announcement of nationwide lockdowns, the supply chain must prepare for another […]
Read MoreAs an impact of the Chinese New Year linked import slowdown from China, followed by the latest Covid connected lockdown in various Chinese provinces, and the Russian invasion in Ukraine, Bangladesh’s shipping circle is facing severe equipment shortage. Ship liners fear a further spike of box shortages in the coming weeks as the situation further […]
Read MoreThe spectre of blank sailings may be about to return to haunt shippers and forwarders on the Asia-Europe trades, as carrier begin to cancel departures in an effort to restore schedule reliability. Japanese carrier ONE this morning told customers THE Alliance would cancel three sailings on the FE2 and FE3 service departing Asia at the […]
Read MoreVessel capacity and service have been prioritized above price. Retailers and Importers have signed long-term contracts at significantly higher levels in Trans-Pacific Eastbound trades than in previous years, Xeneta reported. Rates have continued to climb the past two months even as contract negotiations continue. “Trans-Pacific contracts are catching up with spot market rates,” Alan Murphy, […]
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