Drewry’s World Container Index sinks below $2,000 per feu
The Drewry World Container Index ducked below the $2,000 per feu mark today for the first time since July 30, 2020.
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donavan626
- Feb 6
- 2 min
Liners now in the red on a mark-to-market basis
Sam Chambers from investment bank Jefferies. Mark-to-market is an accounting practice that involves adjusting the value of an asset to...
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donavan626
- Jan 26
- 1 min
Liner alliances up in the air as MSC and Maersk give separation notice
Liner shipping is ready for an immense scrap as it braces for a downturn with the fabric of its alliance structure now under severe strain.
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donavan626
- Jan 16
- 3 min
Little to cheer for liners as Chinese New Year approaches
Container indices are levelling out, but there is scant reason for optimism in the opening fortnight of 2023.
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donavan626
- Jan 11
- 1 min
MSC boxship pulled free after grounding in Italy
The 340-m-long containership MSC Elaine was successfully refloated after becoming stranded
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donavan626
- Jan 10
- 3 min
Coast is (almost) clear as port congestion fades even further
Final pockets of congestion on East and Gulf coasts nearly gone
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donavan626
- Jan 9
- 1 min
Greek bulker runs aground in the Suez Canal
Three tugs managed to refloat a dry cargo ship that had run aground briefly this morning in the Suez Canal
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donavan626
- Jan 5
- 2 min
FMC ruling could be crucial in other 'unfair D&D fee' complaints
A US Federal Maritime Commission SCO decision over detention and demurrage (D&D) charges could open the way for more cases to be brought.
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donavan626
- Dec 29, 2022
- 5 min
Shipping: 2022 in Review
As 2022 draws to a close we are taking a look back at some of the biggest stories that influenced shipping this year.
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donavan626
- Dec 28, 2022
- 1 min
Shipping hit by soaring cases of covid in China
Ships are backing up along the Chinese coastline as soaring cases of covid take out port staff.
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donavan626
- Dec 19, 2022
- 2 min
Ocean carriers plan to blank half their sailings from Asia, post-CNY
Against a background of extremely weak demand forecasts, ocean carriers are preparing to blank around half their advertised sailings
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donavan626
- Dec 14, 2022
- 2 min
Container market collapse sees first ships heading for scrap
The container market collapse is in full view with ships heading for scrap and other vessels taking the long way back to Asia
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donavan626
- Dec 6, 2022
- 2 min
No clear end to supply chain disruption, and this demands serious effort
Shippers in America are rushing to post complaints against carriers at a rate of over 30 cases a month.
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donavan626
- Nov 21, 2022
- 2 min
Carriers 'in panic mode' as recession bites, offering 'crazy' ocean rates
Ocean carriers are said to be in “panic mode” as bookings from China to North Europe and the US west coast tank
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donavan626
- Nov 8, 2022
- 2 min
Carrier anger at plan to revise terminal access charges in Australia
Proposed changes to terminal access charges in Australia have met with stinging criticism
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donavan626
- Oct 31, 2022
- 2 min
Ocean rates still collapsing – carriers pin hopes on early Chinese New Year
Ocean carriers are continuing to blank consecutive headhaul sailings from China to North Europe and the US west coast
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donavan626
- Oct 26, 2022
- 2 min
Key nuclear tests to get underway in the US bringing shipping a closer to adopting atomic propulsion
A new nuclear renaissance is coming, and a very strong momentum is building across the maritime sector
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donavan626
- Oct 19, 2022
- 2 min
Australian shippers cry foul over liners' 'exorbitant' million-dollar charges
Australia’s Freight and Trade Alliance (FTA) has accused container carriers of extorting millions of dollars from its members
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donavan626
- Oct 17, 2022
- 3 min
Container-ship logjams off US ports finally easing as imports fall
The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday.
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donavan626
- Oct 7, 2022
- 2 min
Transnet declares force majeure at ports over strike
Transnet declared force majeure at its ports on Thursday, according to a document seen by Reuters, as workers began an open-ended strike...
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