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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donavan626
- Oct 5, 2022
- 2 min
Spectre of structural overcapacity looms large over liners
With a record orderbook looming, tonnage supply could outstrip vessel demand next year
donavan626
- Oct 4, 2022
- 2 min
Carriers now 'begging for business' as volumes and rates tumble
Xeneta’s long-term XSI shipping index fell last month for the first time since January, and is likely to drop sharply in the coming...
donavan626
- Sep 26, 2022
- 2 min
Another week of tumbling spot rates – here come the 'carrot danglers'
Container spot rate indices have recorded another week of double-digit declines for Asia-Europe and transpacific headhaul container rates.
donavan626
- Sep 20, 2022
- 3 min
Fall in container spot rates ‘much steeper,’ ‘less orderly’ than expected
Global index down 44% over past 6 months but still 3.4 times pre-COVID average
donavan626
- Sep 15, 2022
- 4 min
NVOCCs Caught in the Middle of Ocean Shipping Reform Act
NVOCCs are caught in the middle of the Ocean Shipping Reform Act of 2022 requirements for reporting demurrage and detention
donavan626
- Aug 23, 2022
- 2 min
Demand-led spikes are over for container shipping
The demand-led spikes seen during the pandemic that propelled container shipping to record earnings are now a thing of the past
donavan626
- Aug 18, 2022
- 2 min
Reefer rates bolstered by congestion, shortages and drought in key regions
Equipment shortages have helped prop up freight rates for reefers, even as dry container prices continue to decline
donavan626
- Aug 16, 2022
- 4 min
Tax contributions from liner billionaires questioned
The issue of liner shipping and taxation is once again in the news during a record Q2 earnings season for global carriers.
donavan626
- Aug 16, 2022
- 2 min
Australia foreign trade holding up – but domestic logistics a challenge
Australia’s trade with South-east Asia is “holding strong” amid China’s softening economic outlook
donavan626
- Aug 15, 2022
- 3 min
More blank sailings on the cards as ocean spot rates continue to tumble
Container spot rates are falling fast on all export routes from China in what should normally be the peak season for demand.
donavan626
- Aug 10, 2022
- 2 min
FMC chairman says lines should compensate shippers, truckers forced to store containers
The commission has already been investigating reports of carriers charging per diem container charges
donavan626
- Aug 5, 2022
- 3 min
FMC wants ocean carriers to pay for container storage
The Port Authority of New York and New Jersey has announced
a new “container imbalance fee” for ocean carriers
donavan626
- Aug 2, 2022
- 2 min
First inbound ship for Ukraine seaport passes Rhodes
The first ship inbound for a Ukrainian seaport in many months passed Rhodes in southern Greece
donavan626
- Aug 1, 2022
- 2 min
'Broken' supply chains and 'burned-out' workers slowing transit time from Asia
Despite falling demand, transit times from Asia have failed to improve, signifying a “broken” supply chain
donavan626
- Jul 21, 2022
- 2 min
Aussie/NZ ocean spot rates head south as demand softens
Long-term freight rates to Australia and New Zealand have reached “new highs”, but spot rates are down
donavan626
- Jul 18, 2022
- 2 min
Global boxport congestion sets fresh record highs
Boxport congestion is setting new record highs, quashing talk of any imminent return to supply chain normalisation.
donavan626
- Jul 12, 2022
- 3 min
Long Beach container backlog crosses red line as delays mount
Long-dwelling containers in the Port of Long Beach now up 9% vs. Oct. 28
donavan626
- Jul 12, 2022
- 1 min
Post-Covid container demand boom coming to an end
The post-Covid demand surge for container shipping appears to have run its course
donavan626
- Jul 6, 2022
- 2 min
Benchmark report on demurrage and detention: top 5 most expensive ports in the world all in the US
Demurrage and detention (D&D) charges imposed on US shippers by containerlines continue to be the highest in the world
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