Drewry expects spot rates to remain stable in the near future
LONDON : Drewry’s composite World Container Index decreased by 0.9% to US$7,657.20 per 40ft container the week of 12 May 2022, compared with the previous week’s figure. Despite
Demand for shipping containers is falling. Transitory or turning point?
Container lines will post more all-time highs for the first quarter, but could that mark their earnings peak? Evidence of market softening continues to mount in the container equipment
SITC to exit dry bulk sector, focusses on container shipping
Hong Kong-headquartered SITC International Holdings, the parent company of intra-Asia carrier SITC Container Lines, will sell its five remaining bulk carriers to focus on its core business of
Container shipping could rebound by late April as Covid eases in China, shipping investment firm exe
HONG KONG : The container shipping industry could see a “very strong” pickup starting late April as the Covid situation in China eases, Tim Huxley, founder of Mandarin
Ever Forward: Container unloading operations underway
TAIWAN : The removal of containers from Ever Forward has begun with the salvors aiming to lighten the load of the ship before the next refloat attempt. The
Container market seeks to ride out rough weather
SHENZHEN : Tight shipping capacity and high freight rates will continue to dog the global market this year as there is still no end in sight to the
Container backlogs at US East Coast Ports are now bigger than US West Coast
NEW YORK : More containers are waiting to unload outside ports on the US East Coast than on the West Coast, according to vessel tracking website, MarineTraffic. More than 600,000 containers
Drewry’s composite World Container Index decreased by 3.8% to $8,152.09 per 40ft container this we
Drewry’s composite World Container Index decreased by 3.8% to $8,152.09 per 40ft container this week. Our detailed assessment for Thursday, 31 March 2022 The composite index decreased by
Regulations and economics loom over container boom
2022 looks set to be another bumper year for container lines, the factors applying the brakes to container rates In its 2022 container shipping report, AlixPartners noted that
Container turnaround time in Indian ports has improved to 26.5 hrs: Sonowal
NEW DELHI : Union Minister for Ports, Shipping and Waterways, Shri Sarbananda Sonowal, said that container turnaround time at Indian major ports has gone down to about 26.5
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