CATEGORY

Ocean Shipping

Category Items for blog posts under - Ocean Shipping

10/22/2024

Planned GRI For Asia Ocean Imports From November 1st

Carriers are currently planning to introduce a General Rate Increase (GRI) for ocean freight shipments moving from Asia on November 1st, despite current market conditions.

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10/16/2024

Felixstowe To Be Replaced As UK's Largest Container Port?

London Gateway port is set to receive a £1 billion expansion during the next five years, which according to its owners will make it the UK’s largest container port.

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10/4/2024

Agreement Reached As US Port Workers Return

Agreement has been reached for the US East and Gulf Coast Port workers to return to work on Friday (October 4th), after a three-day walkout.

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9/30/2024

Immediate Threat Of Strike Action At Montreal Port

With the threat of a US port strike very much on the horizon this week, we have now learned that Montreal Port looks could be the latest to be impacted by industrial action.

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9/16/2024

Carrier Alliance Reshuffle For 2025

The ocean freight carrier alliance structure is set for a shake up in 2025, with February being the pivotal month for the changes to come into effect.

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9/10/2024

US East and Gulf Coast Port Strike On The Horizon

The threat of a port strike at US east and gulf coast ports is looking increasingly likely from October 1st, as the ILA and USMX appear to be far from reaching an agreement over new contracts.

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8/30/2024

Asia Market Showing Some Signs Of Improvement

Following months of service disruption, limited space availability and spiralling rates, the Asia ocean freight market has witness some small signs of improvement during the last month.

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8/15/2024

Two Container Explosions And Ningbo Delays

Incredibly, two explosions aboard container ships have occurred during the past week while the vessels were docked at port terminals in Asia.

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7/31/2024

Record Demand Levels For Ocean Container Traffic

A recent container trade statistics report has highlighted that global demand for ocean freight container traffic is now at record levels.

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7/16/2024

Gemini Carrier Alliance Stopped In Its Tracks By FMC

The new alliance between Maersk and Hapag Lloyd, which is planned for 2025, was put on hold last week by the US Federal Maritime Commission (FMC), who require more information before approving it for trading with the US.

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6/27/2024

Panama and Suez Canals Heading In Different Directions

The short term prospects for the world’s two major shipping canals are in stark contrast, as the Panama Canal heads towards normal operations and the Suez Canal is witnessing a dramatic drop in volume.

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6/25/2024

Vessel Attacked By Houthis Sinks In Red Sea

A bulk carrier ship has now sunk in the Red Sea, days after being attacked by a Houthi Uncrewed Surface Vessel earlier this month, which is effectively a bomb-carrying drone boat.

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6/20/2024

Asia Update: Rates Have Continued To Rise

So far this month, ocean freight rates from Asia have continued to rise, and current market conditions very much resemble the period that followed the outbreak of the coronavirus pandemic.

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6/13/2024

Schedules Change Due To Potential Canadian Rail Strike

The threat of an upcoming rail strike in Canada has led ocean freight carriers to start omitting and blanking sailings on services into the Canadian West Coast.

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5/30/2024

Chinese Government Calling For An End To Red Sea Attacks

The Chinese government have called for Houthi Rebels to end their attacks on commercial shipping in the Red Sea after holding talks with representatives from the Yemeni government in Beijing this week.

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5/21/2024

Severe Container Shortages Impacting China Ports

As previously reported, capacity issues are impacting ocean freight services from Asia, which has now been escalated in China by severe container equipment shortages.

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5/10/2024

Asia Ocean Update: Space & Capacity Issues

Capacity and equipment shortages have returned to the Asia ocean freight market, with conditions starting to resemble the post pandemic period.

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4/29/2024

Panama Canal Moving Back Towards Capacity

After a year of being impacted by severe drought, the Panama Canal has finally started to move back towards its capacity, as more daily passages are set to be available in May.

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4/16/2024

Iranian Vessel Seizure Heightens Threat To Shipping

The seizure of the 15,000 TEU 'MSC Aries' has raised a new threat to shipping in the Middle East region, being the first direct action by the Iranian military.

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4/5/2024

Impact Of Baltimore Bridge Collapse On Ocean Freight

The widely reported bridge collapse in Baltimore last week has had knock-on effects for ocean freight movements along the US East coast.

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3/26/2024

Disaster As Containership Collapses Baltimore Bridge

A containership has collided with a bridge in Baltimore this morning, which immediately collapsed into the Patapsco river along with several vehicles.

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3/14/2024

Recent Red Sea Attacks Miss Targets

Houthi Rebels have shown no let up in their attacks on ships in The Red Sea, but the latest attacks this week have failed to hit their targets.

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3/7/2024

Red Sea Update : Crew Fatalities, While Another Ship Sinks

The Red Sea crisis has reached a devastating low point this week, as a Houthi missile strike in the Gulf Of Aden has led to the first loss of life for merchant crew members during the conflict.

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2/28/2024

Fog Starts To Clear On Carrier Alliance Reshuffle

The carrier alliance packs are shuffling ahead of 2025, but it looks as though The Ocean Alliance are set to "stick" following a recent announcement.

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2/20/2024

UK Owned Ship Abandoned After Houthi Attack

An attack on a UK registered cargo ship this week has perhaps been the most damaging of the Houthi rebel campaign, as the crew were forced to abandon ship.

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2/8/2024

Year Of The Dragon May Bring Supply Chain Hope

This weekend sees the start of Chinese New Year (CNY), which means China’s export production will effectively come to a halt for the next fortnight, as a new ‘Year of the Dragon’ gets under way.

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1/26/2024

Red Sea Attacks Continue As Capacity & Equipment Is Squeezed

Despite naval vessels patrolling the Red Sea region, attacks on commercial ships have been continuing and we are now witnessing a shortage of capacity and equipment on Asia-Europe tradelanes.

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1/19/2024

Maersk & Hapag Announce New Cooperation Agreement

Maersk and Hapag Lloyd have announced a new cooperation agreement this week that will be introduced from 2025, and which comes as a big surprise to much of the shipping industry.

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1/4/2024

Asia Ocean Freight Rates Spiralling Upwards

Asia ocean freight rates are spiralling upwards once more as market conditions start to resemble those that immediately followed the coronavirus pandemic.

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12/20/2023

Ocean Freight Rates Escalating Due To Red Sea Issues

In an immediate response to the developments in the Red Sea region, ocean freight rates appear to be escalating, with Asia origin spot rates already skyrocketing.

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12/18/2023

Developing Situation In the Red Sea

At least two attacks on cargo ships Friday has led to Maersk Line pausing all ships that are due to travel through the Bab al-Mandab Strait. The Strait is in the approach to the Red Sea and Suez Canal.

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12/15/2023

Shipping Canals Pose New Year Supply Chain Threat

We head in to 2024 with issues surrounding the world’s two global shipping canals, perhaps posing the biggest to global logistics and supply chains during the first part of next year.

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12/11/2023

Carriers Pressing On With Ocean Freight Increases

Steamship lines are currently pushing hard to uplift freight rates, especially on movements from Asia, announcing further GRI’s effective from the new year.

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12/6/2023

Ocean Freight Surcharges Lining Up For 2024

Global events are having an impact on ocean freight, and it currently looks like this may lead to various surcharges lining themselves up for next year.

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11/27/2023

More Rumblings of Ocean Freight GRI's

There are more rumblings of GRI's for ocean freight from carriers this month despite low demand and the limited success of previous attempts to raise rates.

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11/22/2023

Severe Congestion Hits South Africa's Ports

The ports of Cape Town and Durban in South Africa have been witnessing severe congestion, which has led to some carriers omitting them from their schedules.

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11/20/2023

Panama Canal Drought Situation Deteriorating

The situation at the Panama Canal has been deteriorating over recent weeks, following a delay to the rainy season, leading to large shipping queues waiting to pass the drought-hit waterway.

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10/30/2023

2M Alliance May Be Set For An Early Break Up

While the much publicised break up of the 2M Alliance is currently set for 2025, it seems that Maersk and MSC have started to deploy vessels independently on some service loops.

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10/24/2023

Ocean Freight Rate Increases Set For November

Recent carrier notices, along with a series of blanked sailing announcements, indicate that a GRI is to be introduced across several ocean freight markets from next month.

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10/17/2023

Blank Sailings Leading To Confusion And Misinformation

While carriers have been announcing a series of blanked voyages covering the run up towards 2024, the programme has seemingly led to widespread confusion and misinformation about the status of containers.

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10/11/2023

EU Decision Threatens Future Of Alliances

The European Commission has just announced that it will NOT be renewing the exemption that allows carriers to operate within alliances when the current legislation expires on 25th April 2024.

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9/19/2023

Rising Fuel Costs Impacting Shipping Lines

While global ocean freight rates have continued to decline, steamship lines are having to cope with a recent huge spike in bunker fuel costs.

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9/12/2023

North American Routes Now Subject To Blank Sailings

Blanking, or cancelling, sailings has been a frequently used method for ocean freight carriers to control capacity on Asian trade, and this practice has now become evident on North American routes.

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9/8/2023

Maiden Voyages Postponed Due to Low Demand

As the global shipping market continues to balance the introduction of newly purchased ULCV ships with low demand, a number of maiden voyages have been delayed this year.

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8/23/2023

Last Chance For The Ever Given Story

The story of the Ever Given, the ship that blocked the Suez Canal for a week in 2021, has been superbly captured on A BBC documentary that expires on iplayer on 7th September.

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8/21/2023

Record Cocaine Haul Seized In Rotterdam

Dutch customs made the largest-ever drug seizure in Rotterdam port this month, after discovering over eight tonnes of cocaine aboard a Maersk ship in a container.

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8/17/2023

New Build Ships Continue To Flood In

The flood of new build Ultra Large Container Vessels (UCLVs) has continued over the past couple of months despite the low level of demand in global container shipping.

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8/14/2023

Blanked Sailings Set To Continue As Asia GRI Holds

More blanked sailings have been announced on Asia/European trade lanes recently, as carriers continue to manage capacity following a successful General Rate Increase (GRI) this month.

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8/11/2023

Delays Being Incurred At Panama Canal

Delays of up to 15 days are currently being experienced at the Panama Canal, due to the persistently low water levels caused by an ongoing drought in Central America.

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7/27/2023

Rail Dispute Causing Delays In Bangladesh

Bangladesh exporters and importers are currently facing supply chain delays after train services were suspended on Sunday, following railway staff's refusal to work overtime.

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7/24/2023

CMA CGM Set To Take Over As 2nd Largest Carrier

According to reports in The Loadstar, CMA CGM has a massive order book for vessels and could be set to take over from Maersk Line as the world's second biggest carrier.

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7/19/2023

Ocean Rates From Asia Set For Increase Next Month

Recent carrier communications, along with blanked sailing announcements, indicate that a planned GRI may be successfully introduced on the Asian market this month.

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7/14/2023

Canada Port Strike Set To End

A 13 day port strike, which has been stopped operations at the Port of Vancouver, has seemingly come to an end, following mediation by the Canadian government.

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7/5/2023

Maersk Set To Increase Asia Rates From End Of The Month

Maersk Line will be introducing a rate increase for container traffic from Asia to Europe, which will be effective for shipments on or after 31st July 2023.

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6/29/2023

New US Bill To Prevent Port Strikes

A bill has just been launched in the United States Senate, which will effectively make port strikes illegal, following the repeated threat of strike action in Los Angeles and US West Coast ports.

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6/21/2023

World's Largest Carrier Continues To Buy Ships

The world's largest ocean freight carrier - MSC - are continuing to snap up containerships to cement their position at the top.

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6/19/2023

West Coast: Canada Vote To Strike, US Agree Deal

While a deal seems to have been reached in the US West Coast labour dispute, the situation North of the border looks headed towards strike action.

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6/13/2023

Asia To North American Rates Hit Spike

Rates on the Trans Pacific market, between Asia and North America, have spiked this month by up to 16% on some routes.

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6/13/2023

Fire On Ship Results In Casualty In Persian Gulf

A fire onboard the containership ‘MSC Rita’ reportedly resulted in the death of one crew member in the Persian Gulf last week.

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5/30/2023

Severe Drought Impacts Panama Canal Shipping

The Panama Canal has recently been reducing the capacity aboard larger ships that pass through the waterway, which connects the Atlantic and Pacific Oceans.

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5/23/2023

US Import Volumes Down Over 20% On Last Year

Import container trade into US ports is continuing to decline, as a report on its top 10 ports confirmed a 21% drop compared to this time last year.

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5/16/2023

Vessels May Be Slowing As Capacity Comes On Line

Ocean freight carriers are continuing to add new ships to the Asia/European market, but we may be about to see longer transit times as vessels could be set to slow down.

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5/15/2023

World's Largest Container Ship Changes Hands

There have been several challenges to the coveted title of having the ‘World’s Largest Container Ship’ recently, as carriers have been introducing a host of newly built ULCVs into service.

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4/19/2023

Potential For GRI's From Asia Next Month

According to a recent report carriers are 'holding off quoting for May shipments ahead of anticipated general rate increases (GRIs)'.

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4/12/2023

Dispute Causes LA Ports To Close For 24 Hours

The majority of terminals at the ports of both Los Angeles and Long Beach were closed for 24 hours on Friday due to the ongoing labour dispute.

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4/5/2023

Ocean Rates From Asia Look Set To Increase

Ocean freight rates from Asia look to be set for a series of increases in the build up to the traditional peak season period.

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3/22/2023

Asia: Blanked sailings Lead To Space Issues

The decision from carriers to continue to blank voyages from Asia has led to another round of capacity issues.

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3/16/2023

Asia Low Demand Leads To Loop Suspension

The 2M Alliance have suspended one of their service loops indefinitely, following the continuation of low demand for ocean freight container movements from Asia.

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2/23/2023

2M Alliance: MSC & Maersk Intentions Clear

The intentions of both MSC and Maersk have become clearer and we are unlikely to see the shake up of the industry that was first thought.

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