The Mystery of the City Park Shipping Container: What’s Inside?
Article first appeared in the Telegraph & Argus Why has a mysterious shipping container appeared in Bradford’s City Park? A seemingly abandoned shipping container has appeared out of nowhere in Bradford’s City Park, causing a buzz among locals and visitors. The unexpected arrival has sparked curiosity and a plethora of theories ranging from art installations […]
Ocean container traffic surpasses pre-COVID level
Shipping analysts say ocean freight traffic is poised to remain at a high level through the end of the year; containers could become scarce in North America. The article first published at Recycling Today Snarls in global supply chains caused by COVID-19 and accompanying restrictions at the start of this decade led to speculation about […]
Xeneta Reports Peaking of Ocean Container Spot Rates
Date: 16 July 2024 on GCaptain.com Is the surge in ocean container spot rates finally reaching its peak? Summary: Recent data from Xeneta indicates that ocean container spot rates are stabilising after a period of significant increases. On 15 July, average spot rates from the Far East to the US East Coast rose by 3.7%, […]
Spiralling ocean container shipping market set to peak, but will not bring an end to shippers’ problems
15 Jul 2024 | by MHW Magazine Team | News, Supply Chain The dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiralling spot rates. Data released by Xeneta today, Monday, shows average spot rates from the Far East to US East Coast increased by 3.7% on 15 July to […]
CMA CGM Vessel Loses 44 Containers Overboard in South African Storms
The article first appeared in The Maritime Executive Heavy seas and strong winds are continuing to batter shipping along the South African coast and the massive containerships on route to sail the Cape of Good Hope due to Red Sea diversions. CMA CGM is reporting that one of its vessels, CMA CGM Benjamin Franklin (185,000 […]
Pause in Transpacific rate surge
Date 15th July Article at Container News Transpacific freight rates have corrected after rising for more than three months, as capacity additions have begun making an impact. When the Shanghai Containerised Freight Index (SCFI) closed on 12 July, the Shanghai-US West Coast rate averaged US$7,645/FEU, down US$458 the previous week. The Shanghai-US East Coast rate decreased by a […]
