Containershipping News

 

New Daily Container Freight Index Launched

Dec 09, 2021

Xeneta Shipping Index by Compass (XSI-C), EU Benchmark Regulation (EU BMR) compliant is ready for index-based contracting and derivatives  Xeneta and Compass Financial Technologies announced the launch of the Xeneta Shipping Index by Compass…

BIMCO appoints Rasmussen Chief Shipping Analyst

Dec 09, 2021

BIMCO has appointed Niels Rasmussen as its Chief Shipping Analyst who will take up his new role on January 3,2022.Most recently Rasmussen was Global Head of Research at Maersk Broker, a role he held for six years focusing on the main shipping segments…

Strong Demand, Supply Chain Strain Persist, says Xeneta

Oct 29, 2021

Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices…

Supply Chain Shocks: Ocean Shipping Challenges Abound

Sep 17, 2021

Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in…

2021: The Year of the Containership

Aug 26, 2021

What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months…

Container Shipping: China-US Box Rates Eclipse $20,000 Mark, a Record

Aug 05, 2021

Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders ahead of the peak U.S. shopping season add strain to global supply chains.The acceleration in Delta-variant…

San Pedro Bay Ports Struggle to Keep Up with Record Box Flow

Jun 16, 2021

The ports of Los Angeles and Long Beach continue their record-breaking start to the year, exceeding pre-pandemic records again and again. Already under pressure to handle a throughput that has broken the pre-pandemic record every month for 11 months in a row…

Congestion at Container Shipping Ports in Southern China Worsens on Anti-COVID-19 Measures

Jun 11, 2021

Congestion at container shipping ports in southern China is worsening as authorities step up disinfection measures amid a flare-up in COVID-19 cases, causing the biggest backlog since at least 2019.More than 150 coronavirus cases have been reported in Guangdong province…

Key Container Freight Index Hits Milestone

May 07, 2021

The Valencia Containerized Freight Index (VCFI) exceeds 2,000 points with a growth in April of 17.39%The Valencia Containerized Freight Index (VCFI) continues its upward trend, reaching 2,314.89 points in April, an increase of 17.39% over the previous month…

Maritime Safety: Viking Aquires HydroPen Container FiFi System

May 05, 2021

Viking Life-Saving Equipment has acquired HydroPen, the company behind the unique HydroPen container firefighting solution.  HydroPen, attached to a ship’s hose and raised on a telescopic arm by a single crew member, uses water pressure alone…

BIMCO: U.S. Economic Stimulus Have Worked Magic for Container Shipping

Apr 13, 2021

North American import of containerized goods from the Far East soared to a noteworthy high of 1.62m TEU during February 2021, a 100% increase from the low point of the same month last year. Fueled by US stimulus, volumes moving on the trans…

Future Prospects of Shipping COVID-19 Vaccines by Sea

Feb 24, 2021

The lucrative prospect of transporting COVID-19 vaccines by sea has intensified the spotlight on the maritime industry’s cold supply chain and its ability to carry high-value pharmaceuticals.At present, speed to market is critical to stemming the spread of the pandemic…

Container Shipping Looks Strong in 2021 - BIMCO

Feb 22, 2021

In the full year of 2020, global container shipping volumes fell by 1.2% compared with 2019, much less than feared even before the pandemic was first declared, and much recovered compared with the 6.8% drop recorded in the first six months of the year…

'Every Ship That is Available is Sailing,' Says Hapag-Lloyd CEO

Feb 19, 2021

With historically high freight rates, fleet utilization and demand, there is no end in sight for the red-hot containership market.Container shipping giant Hapag-Lloyd CEO Rolf Habben Jansen candidly said “nobody saw this coming” as “we’ve seen a spending shift from services to goods”…

Container Delays Could be Resolved in Q2/Q3, Hapag-Lloyd CEO Says

Feb 19, 2021

Container shipping firm Hapag-Lloyd said surging demand for bulky goods like exercise equipment from locked-down consumers may flatten out in the second or early third quarter, helping to ease disrupted shipping logistics.'Things will normalize…

Logistics News

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

Israel Aims to Boost Red Sea Oil Deliveries Despite Environmental Risks

Compromise Agreements Yield over $2.3 Million in Penalties

Compromise Agreements Yield over $2.3 Million in Penalties

Antwerp Euroterminal Readies Shore Power Facility

Antwerp Euroterminal Readies Shore Power Facility

US Regulator Seeks New Emissions Data from Venture Global LNG

US Regulator Seeks New Emissions Data from Venture Global LNG

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