Forwarder says lines creating “artificial demand”
LONDON : A European freight forwarder has accused the lines of creating “artificial demand” by blanking sailings and talking up a looming empty box crisis. The forwarder, who
Red Sea crisis pushes container shipping spot rates to highest level in over a year
LONDON : Attacks on ships in the Red Sea continue to push ocean freight rates higher, triggering warnings of inflation and delayed goods. To avoid strikes by Iran-backed
Shipping industry steers container production away from China
LONDON: The shipping industry is stepping up efforts to build steel containers outside China, lining up the spare capacity needed to shield a key component of global trade
Competition in container terminal market hots up as concessions end
LONDON : Concessions to operate container terminals around the globe are coming to an end and the competition between terminal operators to win the new contracts on offer
Global production of shipping containers piles up at major ports because of lack of demand for goods
LONDON : Global production of shipping containers has fallen significantly as demand for goods sank following the easing of pandemic restrictions, leaving the corrugated steel boxes piled up
Drewry: Dry Bulkers’ earnings potential improved over the past four months
LONDON : The Drewry Dry Bulk Equity Index decreased 7.6% YTD, underperforming the S&P 500 which rose 8.1% YTD. The decline can be attributed to macroeconomic weakness caused
Drewry: World Container Index Up 1% last week, But 77% down on last year
LONDON : Drewry’s composite World Container Index increased by 1% to $1,763.28 per 40ft container this week.
Empty containers accumulate in Chinese Ports, highlighting weak demand
SHANGHAI : Within a space of a year, the catch-phrase in the liner industry has gone from “containers are hard to come by” to concerns of a container
Empty containers pile up at global ports as trade slows
SHANGHAI : Empty containers are piling up at major ports around the world as slowing economies weigh on shipping demand. In the week of Feb. 5, the CAx
Drewry: World Container Index Down 2% This Week
LONDON : Drewry’s composite World Container Index decreased by 2% to $1,954.64 per 40ft container this week. Our detailed assessment for Thursday, 16 February 2023 The composite index