Ocean Freight

15 Feb Red Sea Impacts Supply Chains Across The Globe

Posted at 10:41h in Freight Forwarding, Global Trade, Logistics, Ocean Freight, Port Disruptions, Red Sea, Shipping by susan pop 0 Comments

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Recent attacks by Yemen-based Houthi forces on commercial ships in the region, followed by retaliatory strikes by U.S. and British warplanes, ships and submarines on Houthi bases, have raised concerns about widening conflicts in the region. As a result, shipping lines are diverting  a growing number...

07 Dec Rain Dwells Rising Along West Coast Amid Shortage Of Available Rail Cars

Posted at 00:34h in Logistics, Ocean Freight, Shipping, USA by susan pop 0 Comments

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A shortage of rail cars has resulted in rising rail container dwells across the ports of Los Angeles and Long Beach, with operators unable to move inbound rail boxes off their marine terminals in a timely manner. Fortunately, at this stage this has not caused...

07 Dec As Lower Rates Persist, High Service Levels Will Desist

Posted at 00:08h in Freight Rates, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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Whilst businesses may reap the benefits of lower rates, they may also experience a decrease in service levels and vessel schedule reliability as shipping lines adopt measures such as blank sailings and cancelled services in a bid to manage excess capacity. With capacity anticipated to increase...

07 Dec Trans-Atlantic Rates Fall To Pre-Pandemic Levels

Posted at 00:06h in Freight Forwarding, Freight Rates, Logistics, Ocean Freight by susan pop 0 Comments

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Excess capacity and weak US import demand has seen freight rates across the Trans-Atlantic fall below pre-pandemic levels, with the spot rate down 57% from the same period in 2019. According to PIERS, total containerised imports from Asia tumbled 21% year over year through August in...

06 Dec Reefer Trades Remain Resilient

Posted at 23:48h in Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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According to maritime consultancy Drewry, reefer container freight rates continue to outperform the dry cargo trade, despite an unprecedented contraction in reefer seaborne trade last year, with the pattern is expected to continue over the next few years. Despite facing adverse factors such as weaker cargo...

15 Aug The truth about the peak season ahead

Posted at 17:48h in Business, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Ports, Shipping, Shipping Containers, Supply Chain, Trade Volume, World Container Index by Susan 0 Comments

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There's been substantial commentary around the lack of a perceived peak season in 2023 however given the rapidly changing situation across the ocean's trade routes, how accurate does this claim continue to be? Whilst traditionally the premise of a peak season is based on the volume...

20 May World Container Index Increases

Posted at 02:30h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ocean Freight, Shipping Containers, Supply Chain, World Container Index by susan pop 0 Comments

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Whilst the latest Drewry World Container Index increased by 1% last week, it has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per 40-foot container is now 83% below the peak of $10,377 in September 2021. The latest...

10 Feb Can Container Lines Withstand A Massive Increase In Vessel Capacity?

Posted at 01:57h in Freight Forwarders, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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The global ocean container trades are in a precarious state. Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium. But a flood of new vessel capacity, scheduled to enter service over...

15 Jan The Current State of Ocean Freight

Posted at 01:45h in Empty Shipping Containers, Freight Forwarders, Global Trade, Logistics Solutions, Ocean Freight by susan pop 0 Comments

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The tail end of 2022 saw numerous factors such as a decrease in volume and the alleviation of port congestion across major port locations contribute to a reduction in freight rates. As such, according to Freightos data, freight rates  fell across the board in the final...

15 Jan Are Blank Sailings A Sign Of Things To Come?

Posted at 01:43h in Blank Sailings, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers, Supply Chain by susan pop 0 Comments

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The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...