Day 3 ; Blocked Suez Canal could unleash even more congestion on the main Europe/ Asia/ Europe trade
As of noon today the ultra large container vessel Evergreen Ever Given remains lodged sideways in the main channel, blocking vessels in both directions along the Suez Canal, creating one of the worst shipping jams seen in years and threatening even more chaos, when the grounded vessel arrives in ...
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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 congest...
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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 incr...
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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 ...
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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...
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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....
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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, encouragi...
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Pricing discipline replaces shipping line competition
The profound supply chain challenges unleashed by the Coronavirus pandemic are transforming the cost and characteristics of global container shipping and the shipping lines are unlikely to surrender a ‘winning-hand’.
Rising container volume demand and a controlled balance of supply and dem...
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Making your supply chain carbon neutral
In an interview with the BBC, Maersk chief executive Soren Skou says greener shipping would cost the world’s biggest shipping lines billions of dollars and while he wants the consumer to pick up the bill, we think that low-cost action can be taken now to offset the carbon emission that shipping...
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Global sea freight latest weekly update
The leading container shipping lines believe that global port and inland infrastructure congestion could last until after the summer peak season and the blanked sailings keep on coming.
The lines’ view is that supply chain disruptions are “temporary issues”, which would be resolved in th...
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Q1 review & Q2 sea freight market report
Time never stands still in global logistics, and as we come towards the end of the first quarter of the year (Q1) and approach the second (Q2), we take a moment to reflect on how 2021 has started, and how we see the deep sea markets further adjusting and progressing as we move into the next perio...
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RoRo fleet confidence returns
The backbone of global automotive transport is the RORO pure car carrier (PCC) or pure car/truck carrier (PCTC), with the largest capable of carrying over 8,000 cars. In a sign that confidence is returning to the automotive industry, the biggest carriers are investing in their fleets and bringing...
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