Ocean Freight 3/6

Oct 21, 20221 min read

Transnet partially lifts force majeure as strike ends

South Africa’s ports and freight-rail operator Transnet has partially lifted a force majeure at its ports after labor unions called off...

Container imports to Los Angeles and Long Beach are plummeting

donavan626

Oct 20, 20223 min read

Container imports to Los Angeles and Long Beach are plummeting

September is usually a strong month for West Coast imports as U.S. companies bring in their year-end holiday goods. Not so in 2022. On...

New lockdowns in key Chinese transport hubs hobble supply chains again

donavan626

Oct 19, 20222 min read

New lockdowns in key Chinese transport hubs hobble supply chains again

Lockdowns in key Chinese port cities are again hampering supply chains, despite a “muted” peak season.

Australian shippers cry foul over liners' 'exorbitant' million-dollar charges

donavan626

Oct 19, 20222 min read

Australian shippers cry foul over liners' 'exorbitant' million-dollar charges

Australia’s Freight and Trade Alliance (FTA) has accused container carriers of extorting millions of dollars from its members

Transnet union agrees wage deal, but fears violence on the picket line

donavan626

Oct 18, 20222 min read

Transnet union agrees wage deal, but fears violence on the picket line

The majority of striking Transnset staff in South Africa are to return to work.

Container-ship logjams off US ports finally easing as imports fall

donavan626

Oct 17, 20223 min read

Container-ship logjams off US ports finally easing as imports fall

The good news is that there were fewer than 100 container ships stuck waiting off North American ports on Friday.

Transnet declares force majeure at ports over strike

donavan626

Oct 6, 20222 min read

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...

Transnet workers reject revised wage offer

donavan626

Oct 6, 20221 min read

Transnet workers reject revised wage offer

Transnet workers reject revised wage offer: All South African ports reportedly closed due to strike action.

Spectre of structural overcapacity looms large over liners

donavan626

Oct 5, 20222 min read

Spectre of structural overcapacity looms large over liners

With a record orderbook looming, tonnage supply could outstrip vessel demand next year

Carriers now 'begging for business' as volumes and rates tumble

donavan626

Oct 4, 20222 min read

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...

Fall in container spot rates ‘much steeper,’ ‘less orderly’ than expected

donavan626

Sep 20, 20223 min read

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

NVOCCs Caught in the Middle of Ocean Shipping Reform Act

donavan626

Sep 15, 20224 min read

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

Typhoon Muifa to shut China ports for second time in 10 days

donavan626

Sep 13, 20222 min read

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

Australia's inefficient ports cost shippers A$605m per year, claims government

donavan626

Sep 12, 20222 min read

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

Shanghai port opens giant empty container transportation centre

donavan626

Sep 8, 20221 min read

Shanghai port opens giant empty container transportation centre

An empty container transportation centre has opened in Shanghai, the world’s largest container port.

FMC emergency order 'won't be enough' to ease congestion at US ports

donavan626

Aug 25, 20222 min read

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

Demand-led spikes are over for container shipping

donavan626

Aug 23, 20222 min read

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

Reefer rates bolstered by congestion, shortages and drought in key regions

donavan626

Aug 18, 20222 min read

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

The plunge in dry bulk shipping: Ominous signal on China’s economy?

donavan626

Aug 17, 20224 min read

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

Tax contributions from liner billionaires questioned

donavan626

Aug 16, 20224 min read

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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