Tag Archives: Shipping market

shipping

Container shipping lines smash profits of Big Tech

Profits smash those of Facebook, Amazon, Netflix and Google
shipping

Photo by william william on Unsplash

Shipping liners are now earning more than some of the best-known household names in Big Tech. The industry has seen one of the biggest uptakes in net financial performance in recent years. 

Source:  Splash 24/7

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Maersk’s market update

Maerk's market update: congestion to continue and huge peak for air freight at year end

Photo by Andrey Sharpilo on Unsplash

Maersk predicts continued port congestion into Q4 and that the year-end air freight demand will be ‘one of the strongest peaks ever’. After one of the most challenging years ever for the supply chain, the year end will see a race to the finish with continued problems during peak season.

Source: Freshfruitportal.com

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Freight rates rise

Freight rates continue rising

Freight rates continue rising
Freight rates rise

Freight rates continue rising. The supply chain faces challenges on maritime routes to meet  demand for cargo and raw materials. The challenges include container shortages and delayed shipments.  The delays at Yantian port have caused problems for global trade. 

Source: FPC FreshtalkDaily

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Shipping lines can’t cope with booming perishables trade

According to shipping consultancy group Drewry, shipping lines are “far from coping” with the seasonal demands of perishables.

Photo by Andy Li on Unsplash

Reefer container freight rates are soaring, but shipping lines still can’t cope with the seasonal demands of perishables, according to shipping consultancy group Drewry.

With a big uptick in seasonal cargo demand together with rising bunker charges,  a weighted average of rates across the top 15 “reefer-intensive” tradelanes jumped 26% in the first quarter, reported Drewry.

Tight container supply is adding to the problem and despite record reefer production levels, container shortages are expected to continue beyond 2021. 

For customers, this presents a very challenging scenario. 

Source: The Loadstar

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SeaCube Containers CEO on global shipping and the food supply chain

SeaCube Container's CEO Robert Sapphio talks ocean shipping and the impact of the Suez Canal blockage on the global food supply chain

Photo by Kinsey on Unsplash

Robert Sapphio, CEO of SeaCube Containers discusses ocean shipping and the repurcussions of the Suez Canal blockage on the global food supply chain with Food Logistics magazine. 

Source: Food Logistics

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SOHAR Port & Freezone expansion paves way for world’s mega ships

Sohar Port & Freezone expansion paves way for world's mega ships

If the proposed expansion of the Sohar Port & Freezone goes ahead, it will establish the country’s status as a supply chain and logistics hub, by enabling it to welcome the world’s largest vessels in port, according to Hutchison Ports.

The proposal will form a key part of the Omar Vision 2040 and in conversation with Port Technology International, a spokesperson for Hutchison Ports Sohar said that the expansion is part of a wider strategy to place Oman on the map as home to some of the world’s most important international ports.

As well as creating local jobs and hopefully attracting foreign investment, the proposal will see the port capable of welcoming the world’s largest shipping lines with fleets of 23,000 TEU vessels. 

Source: Port Technology International

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Maersk reefers

Refrigerated trade reaches new record, led by growth in demand in China

Maersk reefers

Refrigerated Trade reaches new record, led by growth in demand in China

11th annual reefer analysis by Dynamar Shipping Information and Consultancy indicates worldwide refrigerated trade volumes reached a new high of 169.2 million in 2019.

The demand growth in China was reflected in the provisional figures, which indicated Chinese meat imports had risen by around 46% year-on-year. Strong growth was also reported in fishery products and fruit, while other major growth areas for refrigerated trade included Ecuador, with banana exports increasing once more, Brazil, on the back of strong meat exports and South Africa.

Source: Hellenic Shipping News

To register for our upcoming Containing Covid-19 event, discussing containerisation’s role in global vaccine logistics – click here

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