Amid the Iran conflict, the introduction by ocean carriers of emergency bunker surcharges on top of standard adjustments created a risk that shippers were double-paying for fuel price increases.
Maersk this week contradicted a consultant’s report that one of its vessels made a recent transit of a violence-plagued Mideast shipping route.
Maersk led a growing stream of brand-name vessels transiting the Suez Canal-Red Sea route, says consultant Drewry.
Decades of underinvestment have left the Gulf region with few alternatives to the Strait of Hormuz, an analyst says.
A closely-watched container price index fell for the fifth consecutive week as lower freight on benchmark ocean routes pressured global rates.
Ocean container rates out of Asia fell by double-digits in the latest week following Chinese New Year.
Despite U.S. tariff impacts, Drewry’s Global Container Port Throughput Index rose modestly in May, but better year-on-year, indicating global trade flows are adjusting.
Ocean carriers to reduce cancelled sailings by 44% in July, says Drewry, but weaker trans-Pacific trades to account for almost half the total.
Container rates are giving back recent gains, as U.S.-bound container traffic slumps after a surge fueled by the tariff pause. Shipping consultancy and SONAR data partner Drewry saw its World Container Index fall 9% this week, the second consecutive weekly drop following five weeks of gains. “This decline is a direct result of low demand […]
Global container traffic is forecast to fall 1% in 2025 due to U.S. tariffs and trade policies, analyst Drewry says, only the third decline in its forecast history.
Eastbound trans-Pacific container spot rates just broke $5,900 — here’s why.
Time is running out for container lines as contract rate renewal season nears and spot rates fail to recover.
As new container ships flood the market amid weak demand, Drewry expects low freight rates to persist through 2024.
Jefferies’ Omar Nokta believes container shipping investors are starting to look toward “the end of the destock and beginning of the restock.”
Shipping lines face a minefield of surging capacity and sinking demand, but there is a path to safety, claims one industry expert.
Container shipping rates remain far above pre-COVID levels, yet there are more signs of prices easing.
New reports from Maersk, Kuehne+Nagel and Drewry point to an ongoing boom for container shipping lines.
Ocean carriers could make up for two decades’ worth of losses in a single year as demand overwhelms vessel supply.
The containers that U.S. shippers need are all built in China, where factories could set a new production record this year.
Philip Damas, managing director at Drewry Shipping Consultants, and Andy Gillespie, director of global logistics at Ansell Healthcare Products, chat about the current port congestion and how the situation can be corrected.
