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
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donavan626
- Sep 15
- 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
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donavan626
- Sep 13
- 2 min
Typhoon Muifa to shut China ports for second time in 10 days
Another typhoon has prompted the ports of Shanghai and Ningbo to close for the second time in 10 days
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donavan626
- Sep 12
- 2 min
Australia's inefficient ports cost shippers A$605m per year, claims government
Australia’s “underperforming” container ports are costing cargo owners A$605m per year
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donavan626
- Sep 8
- 1 min
Shanghai port opens giant empty container transportation centre
An empty container transportation centre has opened in Shanghai, the world’s largest container port.
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donavan626
- Aug 25
- 2 min
FMC emergency order 'won't be enough' to ease congestion at US ports
A Federal Maritime Commission (FMC) emergency order “won’t be enough” to alleviate supply chain congestion in the US
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donavan626
- Aug 23
- 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
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donavan626
- Aug 18
- 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
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donavan626
- Aug 17
- 4 min
The plunge in dry bulk shipping: Ominous signal on China’s economy?
It wasn’t just container shipping that raked in the cash last year. Dry bulk shipping enjoyed its best year in a decade. This year is differ
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donavan626
- Aug 16
- 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.
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donavan626
- Aug 16
- 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
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donavan626
- Aug 15
- 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.
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donavan626
- Aug 10
- 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
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donavan626
- Aug 5
- 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
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donavan626
- Aug 2
- 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
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donavan626
- Aug 1
- 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
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donavan626
- Jul 21
- 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
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donavan626
- Jul 18
- 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.
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donavan626
- Jul 14
- 2 min
US port congestion set to worsen as rail and truck strikes loom
America is facing the twin threats of rail and trucker strikes just as signs emerge that its ports on both coasts are getting overloaded
21 views0 comments
donavan626
- Jul 12
- 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
13 views0 comments