Category: Sea

Catastrophic loss underlines need for marine insurance

Dramatic images on Twitter captured the 14,000 teu containership, ONE Apus, losing over a quarter of its load, in a catastrophic container stack collapse, that dumped over 1,800 boxes into the Pacific ocean on the 30th November. The Twitter image, shared by Container News, shows that most of t... Read more

UK port congestion is not easing

Congestion at UK container ports which commenced in the Summer at Felixstowe, before filtering out to Southampton and London Gateway, is continuing despite all efforts, with Japanese carmaker Honda warning that production at its Swindon plant will be disrupted. Problems at the UK's container p... Read more

Critical Ningbo issues and Southern China port suspension

The container shortage that is currently impacting Asia supply chains, has led lines to stop accepting shipment bookings from Ningbo, while the suspension of Southern China feeder operations, because of COVID, will impact key ports until after Chinese New Year 2021. Due to the severe lack of c... Read more

Cargo rollovers exceed 30% at key hubs

As the Asia peak season rumbles on and the carriers struggle to meet demand, cargo rollovers are increasing at the busiest transhipment ports. After a global decline in rollovers during September, the average container rollover rate at leading transshipment ports rose in October. This time ... Read more

US regulator monitoring Asia shipping alliances

The United States Federal Maritime Commission (FMC), the body responsible for the regulation of ocean carriers and intermediaries, is intensifying its monitoring of shipping alliance activity on the trans-Pacific and trans-Atlantic trades. Citing market fluctuations, the FMC’s regulators are... Read more

Consumer goods boom driving sea freight rates

Reuters report shows how global container shipping rates have surged to record levels due to spikes in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic. The Freightos Baltic Global Container I... Read more

Asia container shortage intensifies

The lack of container equipment at Asian origins is so severe that carriers are leaving export cargo on the quay, to ship empty containers back from Europe and the United States. The container shortages are so acute, particularly at the Chinese ports of Qingdao, Xiamen, Ningbo, and Shanghai, t... Read more

Shippers switching to air to escape sea freight hell

With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability. The current lack of container line... Read more

National press highlight Felixstowe port chaos

With disruption at the Port of Felixstowe branded “a mess”, the national press is now also reporting on global port disruption, as retailers express concerns about product shortages in the run-up to Christmas.  As Metro has been reporting regularly in recent weeks, the impact at Felix... Read more

Critical situation: Vessels skipping UK ports on daily basis

Container ships, including the world’s largest, are skipping UK ports entirely, or leaving only partially discharged and without collecting export containers, in what is fast becoming a daily occurrence. COVID-safe working practices and extensive deep-cleaning at shift handovers, continues t... Read more

Sea freight container carriers’ discipline guarantees increases in 2021

Sea freight rates and surcharges continue to rise on all the primary trade-lanes, up 10% from Asia in the last week, with no signs of softening in the coming weeks, or months. Even with some blanked capacity over Golden Week, capacity on the Asia-Europe trade  increased 14% year over year... Read more

Trans-Pacific spike to last into 2021

We reported last week how shipping lines were diverting empty containers away from the Asia-Europe trade-lane, to ply the more lucrative trans-Pacific services, with all the signs that demand could continue well into 2021. With massive and unanticipated demand, the capacity crunch from China t... Read more