Category: Sea

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&nbs... Read more

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% o... Read more

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 ... Read more

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-... Read more

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 st... Read more

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 be... Read more

Over 300 vessels, the most in the history of container shipping, are currently waiting for berths around the globe, as the industry continues to struggle with the operational impacts of COVID-19 and sustained demand at unprecedented levels. While we have reported many times on port congestion,... Read more

With the container shipping lines imposing yet another round of general rate increases (GRI), FAK (freight all kind) rates from China are looking at passing $20,000 per 40’ container, while calls are rising for the industry to be regulated as a utility to prevent it restricting capacity an... Read more

Monitored ocean Freight all Kinds (FAK) rates rose yet again this week from their already record-high levels, across all major East-West trades, up 518% on their level a year ago into Northern Europe and expected to remain on the higher side due to port congestion, huge demand and lack of e... Read more

While some container shipping lines will continue calling at Yantian, other carriers have already diverted ships as the port’s operations have deteriorated, with Maersk warning that delays are now expected to last two weeks. The Yantian congestion is yet another disruption to global shipping... Read more

Congestion levels at the major North America container gateways is expected to continue into the summer, as container imports from Asia grew a massive 31% year on year. With 1.57m teu arriving at US ports from Asia last month, the highest level on record, the container import boom shows no sig... Read more

If this was a typical year, we’d be approaching the start of the peak season for sea freight and the shipping lines would be preparing a round of general rate increases (GRI), but this year is anything but typical and even with demand soaring way beyond any typical peak period and freight rates... Read more