Category: Sea

Maersk took a sea fright market struggling with excess capacity by surprise a fortnight ago, when it announced its intention to impose a 49% freight all kinds (FAK) general rate increase (GRI) on the 1st August 2023. The carrier said that to continue offering a broad portfolio of high-quality ... Read more

The rapidity of the collapse in air and sea freight rates has given carriers the same level of trauma and shock experienced by shippers when freight rates exploded in  2021 and while the turnabout in the market was anticipated, its intensity and extent is far greater than expected, with ship... Read more

As Chinese car exports continue to rise and British car manufacturing continues its resurgence, orders for car and truck RoRo (PCTC) vessels are the highest since 2008. During the pandemic many PCTCs were scrapped and few built, as working from home depressed vehicle demand, but rising Chinese... Read more

After almost 13 months of negotiation and agreement on key issues, it would appear that some ILWU members’ patience has run out, as industrial actions shut down or severely impacted operations at the ports of Los Angeles, Oakland, Tacoma, Seattle and Hueneme last week. Reports in US trade pr... Read more

Last year the shipping analyst Drewry’s forecast that the container shipping lines earnings would be down 64% for 2023, but added that there were strategic choices available to the carriers, to protect their revenues, with slow steaming a proven method of removing capacity, to protect rates and... Read more

Specialised RoRo car and truck carriers are facing multiple challenges, which are causing congestion and delays at ports in Europe, China, South Africa, the US and Australia. Driver shortages in the UK and Europe mean that some importers struggle to collect their cargoes from ports as quickly ... Read more

Over 200 million shipping containers are transported globally every year, with the vast majority moving through different climate zones, which can create condensation in the container and lead to many kinds of damage.  Considerable temperature fluctuations can occur inside freight contain... Read more

European importers from Asia are nervously watching developments in the US, as transpacific carriers succeed in implementing GRIs, increasing shipping rates to the West Coast, in a move that may be repeated on the Asia to Europe trade lane. The Xeneta Asia-US West Coast index increased 39% las... Read more

The port of Nhava Sheva, is the second largest container port in India and repairs and replacement of gantry cranes are reducing terminal capacity by 50%, which is expected to possibly last until October or November. Container traffic through India's Nhava Sheva Port (JNPT) is facing bottlenec... Read more

The reliability of container shipping lines’ vessel schedules dropped at the beginning of 2023, with Sea-Intelligence reporting that schedule reliability improved for the majority of 2022, but a fall of 3.8% in January meant reliability sat at just 52.6%. The vessel schedule reliability of a... Read more

After a long recovery from the impacts of the COVID19 pandemic the RoRo Car Carrier sector recorded high freight rates and a surge in demand, that has continued through 2022 and is now attracting new market entrants from the container shipping sector. Five consecutive years of low orders for p... Read more

Negotiations between the International Longshore and Warehouse Union (ILWU) and West Coast port employers, represented by the Pacific Maritime Association (PMA) began last May and while talks continue, both are hopeful of reaching a deal soon, as US importers continue to divert cargo to Eastern a... Read more