Where container shipping is flourishing?
By Mr. Gautham Krishnan Liner shipping connectivity is key to the handling of container volumes and maintains a major chunk of the pie in global trade. The liner connectivity index affixes a rating point
Freight rates on Indian trades continue to cool amid falling export volumes
MUMBAI : Container freight rates on trades out of India have continued to cool, albeit at a slower pace on shipments to Europe, according to the latest market analysis by Container News. On the westbound
Ocean shipping rates are collapsing
Prices in the most volatile segment of ocean shipping are collapsing, but top retailers like Walmart and Home Depot should not expect relief until the spring contract renegotiation season, industry experts said. Spot rates,
Supply-Chain snarls leave Southern California swamped in Empty Shipping Containers
CALIFORNIA : The biggest export out of Southern California these days is air. And it is suffocating the supply chain. Hundreds of thousands of empty containers are filling marine terminals and truck yards across
CIMC profit rockets 1,161% as container sales quadruple
SHANGHAI : Net profit of China International Marine Containers (CIMC) for the first nine months of the year swelled 1,161% year-on-year to US$1.36 billion, as the world’s largest container maker recorded its best result
Insurers eye containership claims with dismay
The frequency and size of claims are both climbing, with more than 30 incidents requiring payouts from the 13-member International Group of P&I Clubs’ (IG) pooling arrangements since 2016. These cover claims between $10m
Container shipping rates entering extended period of volatility: Lars Jensen
The global container shipping industry is entering a period of volatility that will extend long after the current peak shipping season, with a return to pre-pandemic market conditions almost certainly out of reach, according
Amazon and others commit to using zero-carbon shipping fuels by 2040
LONDON : Amazon.com Inc and IKEA are among commercial users of container shipping that will opt for zero-carbon marine fuels by 2040 in a new initiative aimed at speeding up decarbonisation in the maritime sector,