Recent data indicates a downward trend in freight rates around the globe, with prices taking a steady tumble ahead of what is traditionally the commencement of the peak trading period. Here we take a closer look at the various geographical regions: Asia-Europe An early peak season that...
In response to heavy import volumes and potential industrial action across the US East and Gulf Coasts, shipping organisations are set to deploy 28 "extra-loader" vessels to the ports of Los Angeles and Long Beach over the coming peak season. Whilst the looming threat of the...
The strong demand being experienced across Asia's export trade lanes is utilising a large amount of capacity being provided by shipping companies, which is causing tension in the quest to balance three main factors: high market demand, long transit times due to Red Sea diversions...
Ongoing Red Sea diversions, which have created longer shipping distances and times, are resulting in continual freight rate increases that continue unabated across numerous trade routes. The subsequent disruptions, including vessel bunching and port processing delays, are being experienced at both ends of the Asia-Europe trade...
The collapse of the Middle East peace talks has seen China's container shipping futures rally, with interest up 15% from the previous week, potentially indicating shippers belief that rates will stay elevated. In addition, Linerlytica's latest report revealed that spot market rates have risen by almost...
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Vessel diversions have added an average of 10 days to what was traditionally a short European transit for shippers across India and the Middle East. Red Sea disruptions have seen transit times from India to Rotterdam increase from 23 to 33 days, subsequently resulting in a...
The NSW Government has released the Final Report of the Independent Review on the Ports and Maritime Administration Act (the Act) and the Port Botany Landside Improvement Strategy (PBLIS). This report coincides with an announcement by the NSW Minister for Transport, Jo Haylen, of a policy...
As a result of rains over the last quarter, the Panama Canal has revised its daily allowance to 24 vessels per day. At this point in time, the authorities of Panama Canal see no need for further vessel restrictions until at least April, when they...
As we enter the third month of attacks on commercial vessels, there remains no sign of an end to the deteriorating security situation across the Red Sea. With the situation expected to remain volatile for months, shipping lines are settling into their "new normal" of longer...