Chinese New Year (CNY) sees a production slowdown in Asia while the major shipping lines announce blank sailings in order to bring supply in line with demand. According to Sea-Intelligence, in 2020, the CNY extended due to the Covid outbreak, while in both 2021 and 2022 the shipping
The IMO’s imminent carbon efficiency regulations could generate a wave of ships heading for recycling yards in the months ahead, some analysts have suggested. But others question whether there would be sufficient capacity to handle an influx of vessels if the flood gates open. Although the IMO’s carbon intensity
MSC has announced the update of its NWC to South Africa service, revising the port rotation in Northern Europe and call at Cape Town on the Northbound leg. With this change, the largest container line in the world aims to improve transit times and schedule reliability. MSC noted it
Shipping is never dull, and the moment you feel it might be is probably the time to seek a different career. Being in this industry gives those curious enough an advanced view from the bridge of geopolitical and economic forces shaping the world. Unquestionably the biggest news story of
Container freight rates are expected to hit a trough in mid-2023 forecasts HSBC Global Research as spot rates fall at 7.5% a week. Parash Jain, Head of Shipping & Ports & Asia Transport Research, was one of the first to flag a sharp decline ahead in container shipping’s fortunes
Beijing’s on-and-off COVID lockdowns created serious challenges for shipping in 2022, and even though pandemic-era controls have eased, the trade outlook for China looks mixed. Demand from American importers has fallen; new competitors in Southeast Asia are luring away manufacturers; and high-tech chipmakers are headed for the exit. Still, China
French liner CMA CGM and Shanghai International Port Group (SIPG) have signed today a long-term strategic collaboration to develop the mass scale use of cold ironing technology, the use of onshore power supply for containerships at the Port of Shanghai. From today all fully-fitted CMA CGM containerships calling at
More than anyone else in the maritime world, engine OEMs have to prepare for a future without fossil fuels, and they are working hard to build diesel power systems that are future-proof and ready to make the leap. Since the future fuel mix is not yet known for certain,
Lower sea freight rates will benefit China’s export-oriented companies in the fourth quarter, which can be a practical driver to stimulate demand in the global market, said analysts and exporters. These comments came after spot rates for container shipments from Shanghai plunged 10.6 percent to $2,399 per forty-foot equivalent
There’s a lot to shipping and getting it right for client satisfaction and company profitability. One way to ensure success is to monitor key performance indicators for the shipping industry. A key performance indicator (KPI) is a measure used to track and understand the shipment process and supply chain metrics. KPIs allow the shipping managers
