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Industry news

• U.S. consumer demand continues to drive up freight rates

  Time: 2021-06-07 | Publisher: Kevin

  

  Industry analysts said freight rates will remain high for at least three to six months due to the combined impact of high demand and supply chain disruptions.Petersand, chief shipping analyst at BIMCO, said rates will continue to remain high as the traditional container shipping season approaches.The container shipping market is l...
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• High freight rates make it increasingly impossible for shippers to stay in business

  Time: 2021-06-04 | Publisher: Kevin

  

  Freight rates on major trade routes are squeezing retailers' margins and making the transport of some commodities unsustainable.According to an analysis by Sea-Intelligence, a maritime consultancy, average spot rates and carrier premium charges are critical to securing container and space bookings, which means that actual rates fr...
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• Asia - Europe route freight record high

  Time: 2021-05-31 | Publisher: Kevin

  

  Shipping rates for shipping containers from Asia to Europe have topped $10,000 for the first time, setting a new record.On May 27, Drewry reported that the quoted price of shipping a 40-foot container from Shanghai, China, to Rotterdam, the Netherlands, rose to $10,174, up 3.1% from last week.Market rates are already sky-high b...
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• The congestion is endless, shippers need to be prepared!

  Time: 2021-05-28 | Publisher: Kevin

  

  The traditional shipping season is just around the corner, but congestion at the nation's ports has not eased, and now the Port of Oakland is overtaking LA/Long Beach as the center of congestion.In a client advisory on Wednesday, shipping giant Maersk warned that Los Angeles and Long Beach "remain stressed by an ave...
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• The outlook for the tanker market is poor

  Time: 2021-05-25 | Publisher: Kevin

  

  Tanker owners face many questions, including how to get out of a loss-making market, what fuels their ships will use in the future, and the long-term impact of climate change on the industry as a whole. A recent ABS webinar sought to address these issues and discuss the future of tankers together. Commenting on the "o...
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• 洛杉矶港吞吐量持续上涨，拥堵情况有望得到缓解

  Time: 2021-05-18 | Publisher: Kevin

  

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• Inland waterways in Europe are congested, and the carrier charges a surcharge

  Time: 2021-05-17 | Publisher: Kevin

  

  Congestion through northern Europe’s inland waterways increased again this week, with delays into Rotterdam almost doubling to wait times exceeding five days.Although not as dramatic, Antwerp also recorded an increase in waiting times, from 32 hours to 33 hours, according to barge operator Contargo, leaving shippers unable to move ...
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• Suez Canal widening plan, the spring of the maritime industry is coming

  Time: 2021-05-14 | Publisher: Kevin

  

  On March 23 this year, the 20000TEU-class container ship "Longci" ran aground on the one-way channel south of the Suez Canal, causing blockage in both directions of the Suez Canal. After nearly 7 days of timely rescue, the "Long Ci" ship broke out of its stranding on March 29. This stranding caused a maj...
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