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Slack container market to test depot capacity

Slack container market to test depot capacity

Container depots face a flood of unwanted boxes as retailer inventories run high and demand continues to weaken. Gary Howard | Nov 08, 2022 A report from Container xChange warned that there are a range of ripple effects of the order to inventory ratio, most...

Alliance carriers winning back Transpacific market share

Alliance carriers winning back Transpacific market share

The market share of carriers outside of the main alliances on the transpacific is falling back after rising in recent years, according to one analysis. Gary Howard | Nov 04, 2022 Sea-Intelligence noted in a recent analysis that non-alliance carriers accounted for...

Should We Alter the Ocean to Fight Climate Change?

Should We Alter the Ocean to Fight Climate Change?

Phytoplankton can grow explosively over a few days or weeks. Ocean fertilization is designed to supercharge that process to capture carbon dioxide, but it can have harmful affects for other marine life. Robert Simmon and Jesse Allen/NOAA/MODIS PUBLISHED OCT 30,...

Liverpool port pay talks ‘end in chaos’

Liverpool port pay talks ‘end in chaos’

Workers at the Port of Liverpool’s container operation have begun another two-week strike after pay discussions broke down. Gary Howard | Oct 24, 2022 Peel Ports, owner of Port of Liverpool, claimed that Unite the union had rejected an 11% pay offer, the highest...

Drop in US inbound container volumes accelerates

Drop in US inbound container volumes accelerates

September inbound container volumes across the top 10 US box ports dropped by their fastest level in 27 months. Gary Howard | Oct 20, 2022 According to the latest McCown report, inbound volumes dropped by 5.5% in September, a level not seen since the early stages of...

Ukraine’s Grain Ship Backlog Exceeds 150 Vessels

Ukraine’s Grain Ship Backlog Exceeds 150 Vessels

PUBLISHED OCT 24, 2022 5:02 PM BY THE MARITIME EXECUTIVE The UN Joint Coordination Centre (JCC) for the Black Sea Grain Initiative says that the vessel backlog that affected the program is back, and more challenging than ever. Though the program is operating...

Container shipping set for ‘short, sharp, hard landing’

Container shipping set for ‘short, sharp, hard landing’

The container sector is heading for a short, sharp, hard landing as the supply chain normalises and large amounts of new tonnage hits the water, Maritime Strategies International’s (MSI) Adam Kent says in our latest podcast episode. Marcus Hand | Oct 06, 2022 From...

Crimean Bridge explosion, collapse. Warning to shipping.

Crimean Bridge explosion, collapse. Warning to shipping.

Crimean Bridge across Kerch Strait suffered explosion and fire early in the morning Oct 8, two spans of motorway bridge collapsed and fell into water, railway bridge above motorway with cargo train including railway car tanks with fuel, is on fire. Details sketchy and...

Container spot freight rate decline bleeds into contracts

Container spot freight rate decline bleeds into contracts

The Shanghai Containerised Freight Index (SCFI) took another plunge this week, its fifth consecutive week of decline. Gary Howard | Sep 30, 2022 The SCFI recorded 1922.95 on 30 September, down from 2072.04 on 23 September and well down on its all time high of 5,051 in...

How many containers will we lose this year?

How many containers will we lose this year?

As we once again make our way towards winter in the North Pacific, should we be bracing ourselves for another season of container losses or have we, as an industry, started to learn some lessons? Tom Bebbington, Maritime Innvoation | Sep 29, 2022  There are many...

Container spot rates plunge 58% since January

Container spot rates plunge 58% since January

Container spot rates have fallen by 10% for the fourth week running as increasingly looks like the sector could be in for a hard landing. Marcus Hand | Sep 23, 2022 he bell weather Shanghai Containerized Freight Index (SCFI) has lost another 10.4% over the last week...

Lines seize Golden Week opportunity for blank sailings

Lines seize Golden Week opportunity for blank sailings

Container capacities on the main trade routes out of China are set to plummet in the weeks following Golden Week as lines blank sailings to maintain rates. Gary Howard | Sep 22, 2022 China’s Golden Week of public holidays runs 1-7 October and comes at an odd time for...

A Second Strike Coming at Felixstowe Port Over Pay Dispute

A Second Strike Coming at Felixstowe Port Over Pay Dispute

Posted in Ports by Raghib Raza on Sep 16, 2022 at 02:18. Workers of the Unite Union have scheduled a second strike at Felixstowe, the largest container port in the UK. This strike is the result of a pay dispute between the port operator and the Unite Union that...

New Singapore offshore wind vessel owner targets $1bn fleet

New Singapore offshore wind vessel owner targets $1bn fleet

A new offshore wind vessel owning company in Singapore – Cyan Renewables – aims to own and operate a $1bn fleet within five years. Marcus Hand | Sep 19, 2022 Founded by Seraya Partners the energy transition investment platform Cyan is touted as the world's first pure...

Suez Canal to hike transit tolls in 2023

Suez Canal to hike transit tolls in 2023

Tolls for vessels using the Suez Canal are set to rise by 15% next year with the exception of dry cargo and cruise ships which will increase by 10%. Marcus Hand | Sep 19, 2022 The transit toll increases from January 2023 were announced at the weekend by Adm....

Key spot container freight index rate falls 10% in a week

Key spot container freight index rate falls 10% in a week

The Shanghai Containerized Freight Index (SCFI) plunged 10% week-on-week and is down nearly 19% over the last 14 days. Marcus Hand | Sep 09, 2022 The bell weather SCFI as of 9 September stands at 2,562.12 points down 285.5 points on the level published on 2 September,...

SMM 2022 

SMM 2022 

Shipping can no longer remain on the sidelines, says ICS The shipping industry must co-operate with other sectors to influence decisions that will fundamentally affect shipping, according to ICS. Gary Howard | Sep 07, 2022 In his keynote address at the opening of SMM...

Container spot rates continue their downward march

Container spot rates continue their downward march

Spot rates on most major container trades have fallen significantly on-year, but a few routes bucked the overall trend. Gary Howard | Sep 02, 2022 Most recently, Drewry’s composite analysis of box spot rates on September 1 showed a 5% decrease for the week, the...

Singapore officially opens Tuas Port

Singapore officially opens Tuas Port

Singapore officially opened Tuas Port on Thursday as the Republic moves to consolidate all its container terminals into a single location over the next 20 years. Marcus Hand | Sep 01, 2022 Two berths are currently operational in the first phase of Tuas Port which is...

Seafarers Get Time for Shore Leave During Felixstowe Strike

Seafarers Get Time for Shore Leave During Felixstowe Strike

PUBLISHED AUG 26, 2022 9:23 PM BY THE MARITIME EXECUTIVE The strike at the Port of Felixstowe is creating challenges for UK importers and exporters, and it has also delayed several vessels within the port complex. For at least one crew, this meant an opportunity...

Maersk to omit calls at strike hit Felixstowe port

Maersk to omit calls at strike hit Felixstowe port

Maersk is omitting three calls at the Port of Felixstowe, UK, next week due to strike action. Marcus Hand | Aug 19, 2022 The UK’s largest port is set to grind to a halt from 21 – 29 August as port workers go on strike over pay. The Danish shipping line said in a...

Local News

Ringgit retreats to open lower against US dollar

Ringgit retreats to open lower against US dollar

KUALA LUMPUR: The ringgit retreated from its gains last week to open lower against the US dollar on Tuesday, weighed by a strengthening greenback and declining crude oil prices, an analyst said. At 9 am, the local note eased to 4.5000/5100 against the US dollar from...

Beer sales expected to pick up for Carlsberg in 4Q

Beer sales expected to pick up for Carlsberg in 4Q

KUALA LUMPUR: Off the back of a strong third-quarter performance, Carlsberg Brewery Malaysia Bhd is expected to put in a commendable fourth quarter result amid strong foreign tourist arrivals, and sporting events such as the 2022 Fifa World Cup and Singapore...

TOWARDS A SAFE, EFFICIENT LOGISTICS INDUSTRY

TOWARDS A SAFE, EFFICIENT LOGISTICS INDUSTRY

Total solution: Maxis Business’ experts provide managed network services to enterprises that juggle between speed, operational costs and network security. HOW ecommerce has flourished since the pandemic shows how much we have come to rely on digital transformation....

Palm oil futures rise on weather-related worries

Palm oil futures rise on weather-related worries

Reuters Published October 24, 2022 KUALA LUMPUR: Malaysian palm oil futures firmed on Friday and were headed for a weekly rise, on concerns over production disruptions from the arrival of the monsoon season, but the gains were capped by sluggish October exports. The...

A bridge over the Malacca Straits?

A bridge over the Malacca Straits?

A 120km link between Peninsula Malaysia and Sumatra Island, Indonesia crossing one of the world’s busiest shipping lanes is set to be developed according to a Malaysian official. Marcus Hand | Sep 12, 2022 The link would connect Telok Gong in Masjid Tanah, Melaka,...

40 Malaysian companies eye Cambodia investment

40 Malaysian companies eye Cambodia investment

Raising the prospects of further investment in Cambodia, 60 delegates from more than 40 Malaysian companies under the leadership of the Malaysia Retail Chain Association (MRCA) started their four-day visit yesterday. MRCA signed two MoUs during a function at Sofitel...