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 […]
The Strangest Things Found in Shipping Container Storage
Shipping containers have become an integral part of global trade and logistics, ensuring goods move smoothly across continents. However, not all containers carry mundane items. Occasionally, these steel boxes reveal astonishing and bizarre finds that captivate the imagination. This article delves into some of the strangest things ever discovered in shipping containers, showcasing the unpredictability […]
The Evolution of Giant Container Ship Builders: Navigating the Waves of Change
Summary: This article delves into the latest developments in the construction of giant container ships, examining the surge in new orders, technological advancements, and the industry’s response to environmental challenges. The narrative underscores the crucial role of shipbuilders in shaping global trade and their efforts to balance growth with sustainability. The container shipping industry is […]
The Versatile World of Shipping Containers: From Creation to Utilisation
The Versatile World of Shipping Containers: From Creation to Utilisation Shipping containers, often seen as the building blocks of global commerce, are far more than just steel boxes traversing the oceans. These containers, typically made from robust, weather-resistant steel, have revolutionised the way goods are transported across the world. From electronics to apparel, they serve […]
Impact of Electric Vehicles on Global Shipping: Revolutionising Transport
The Global Shipping Industry: A Bedrock of International Trade The global shipping industry stands as the backbone of international trade, transporting approximately 90% of the world’s goods. This industry, sprawling and diverse, ranges from vast container ships crossing oceans to smaller vessels navigating rivers and coastal routes. It’s a sector that has traditionally relied on […]
The Future of Freight: Shipping Across Europe by Train
Freight shipping by train across Europe is undergoing significant changes, driven by technological advancements, regulatory reforms, and new intermodal connections. The rail sector is set to play a pivotal role in the continent’s transport network, promoting sustainability and efficiency. This article delves into the latest developments, future prospects, and the challenges facing rail freight in […]
Is the Container Shipping System Running Out of Capacity?
The resurgence of vessel queues outside major ports like Singapore, reminiscent of the Covid era, signals potential turbulence in a system that facilitates 45% of global trade by value. This bottleneck is partly due to 6-7% of vessel capacity being removed from the market earlier this year as ships navigate longer routes to avoid Red […]
Container Shipping to Africa: Challenges and Opportunities
Container shipping to Africa presents a complex landscape marked by significant challenges and burgeoning opportunities. With global shipping dynamics shifting due to geopolitical tensions, infrastructural inefficiencies, and the urgent need for greener practices, African ports are both struggling and adapting to new realities. This article explores the various hurdles and prospects within the container shipping […]
