Containerised exports from 18 Asian countries to the US hit a record high of 21.45m TEU last year, according to figures compiled by the Japan Maritime Center. This peak is attributable to factors such as the Red Sea crisis, a resilient US economy, fears over US...
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 International Longshoremen's Association (ILA) has appointed vice presidents to the 13 committees that form a strike mobilisation plan underpinning the industrial action due to commence on the 1st of October across the East and Gulf coast ports if a new contract isn't achieved by...
Nearly 12 weeks after the devastating collapse of the Francis Scott Key Bridge and blocking the Fort McHenry Federal Channel to all deepsea vessels, the Dali ship has left Baltimore for Norfolk to repair its damaged bow. Whilst the Port of Baltimore has been re-opened, the...
This month saw over 120 industry leaders from nearly 30 nations congregate for the Shaping the Future of Shipping Summit, which primarily focused on the current rise of global protectionism and its adverse impacts on shipping, customers and global trade. With shipping responsible for transporting over...
Whilst vessel delays are lessening across key gateways such as Singapore, Ningbo, Qingdao and Klang in North and Southeast Asia, and equipment availability improves in China, it appears the converse is occurring across India. At Singapore there has been a slight improvement in wait times of...
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...
The catastrophic ship collision and collapse of the Francis Scott Key Bridge has indefinitely blocked access in and out of the Port of Baltimore. A major hub for products such as cars, forest products, farm equipment and sugar, this incident will disrupt a key trade lane...
Improved water levels have seen The Panama Canal Authority announce the opening up of three more daily transit slots (as of March 2024) to accommodate growing demand. These additional slots will increase the daily quota to 27, representing a significant increase from the daily limit...
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...