Shipping Containers

26 Jul World Container Index continues decline

Posted at 20:26h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Shipping, Shipping Containers, World Container Index by susan pop 0 Comments

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The latest update of Drewry’s composite World Container Index (WCI) has seen a weekly decrease by 2.7% to reach $1494.46 per 40-foot container whilst the composite index has dropped by 78.9% when compared to the same week last year. The index is now 86% below the...

26 Jul Panama Canal introduces new restrictions in wake of worsening drought

Posted at 20:25h in Australia, Environment, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Panama Canal, Ports, Shipping, Shipping Containers by susan pop 0 Comments

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Severe drought conditions affecting the Panama Canal is forcing container vessels to lighten their loads and pay higher fees, with further increases in the cost of shipping cargo through the canal expected this summer. The Panama Canal Authority (ACP) has stated it will progressively decrease the...

05 Jun Container Newbuilds Forecast To Hit A 14-Year Low

Posted at 02:45h in Shipping, Shipping Containers, World Container Index by susan pop 0 Comments

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According to Drewry, factors such stagnating trade and a growing surplus of shipping containers are resulting in a substantial decrease in newbuild container output. Research shows that newbuild construction is forecast to drop to its lowest level in 14 years, following a contraction of 71%...

05 Jun World Container Index Update

Posted at 02:44h in Freight Forwarders, Global Trade, Logistics, Ports, Shipping Containers, World Container Index by susan pop 0 Comments

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The latest update of Drewry's composite World Container Index (WCI) has seen a fall of 20% to US$1685.32 per 40-foot container this week, representing a drop of 78% when compared with the same week in 2022. The WCI is now 84% below the peak of US$10,377,...

20 May World Container Index Increases

Posted at 02:30h in Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Ocean Freight, Shipping Containers, Supply Chain, World Container Index by susan pop 0 Comments

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Whilst the latest Drewry World Container Index increased by 1% last week, it has dropped 77% compared with the same week last year. The latest Drewry WCI composite index of $1,763 per 40-foot container is now 83% below the peak of $10,377 in September 2021. The latest...

10 Feb Can Container Lines Withstand A Massive Increase In Vessel Capacity?

Posted at 01:57h in Freight Forwarders, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers by susan pop 0 Comments

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The global ocean container trades are in a precarious state. Following a period of seesawing freight rates and persistent service failures, ocean carriers and shippers are struggling to achieve some measure of equilibrium. But a flood of new vessel capacity, scheduled to enter service over...

10 Feb Increased Rail Capacity at Patrick Terminals Sydney

Posted at 01:56h in Australia, Shipping, Shipping Containers by susan pop 0 Comments

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Patrick Terminals has boosted capacity at Patrick Sydney AutoRail Terminal, increasing the number of trains per week from 42 to 56, effectively increasing capacity by over 30 per cent. The Patrick Sydney AutoRail Terminal is the first of its kind internationally, delivering a world-first automated integration...

10 Feb Weak Demand Sees Accumulation of Empty Containers

Posted at 01:51h in Blank Sailings, Empty Shipping Containers, Shipping Containers by susan pop 0 Comments

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As freight levels return to lows not experienced since before the COVID-19 pandemic, there are growing concerns of a container glut across some of China's busiest ports such as Shanghai and Yantian (Shenzhen). As orders of manufactured goods from Chinese SMEs and exporters fall, the balance...

15 Jan Are Blank Sailings A Sign Of Things To Come?

Posted at 01:43h in Blank Sailings, Freight Forwarders, Freight Forwarding, Global Trade, Logistics, Logistics Solutions, Ocean Freight, Shipping, Shipping Containers, Supply Chain by susan pop 0 Comments

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The first seven weeks of 2023 has seen 50+ Asia-Europe westbound sailings cancelled, with the chance that carriers could decide to blank more sailings if demand continues to decrease more than expected. According to Alphaliner, Ocean Alliance members CMA CGM, Cosco, OOCL and Evergreen have voided...

15 Jan Cautious Optimism for Australia-China Wine Exports

Posted at 01:41h in Australia, China, Freight Forwarders, Global Trade, Logistics, Shipping Containers, Supply Chain, Wine Industry by susan pop 0 Comments

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China has agreed to a meeting with Australia's Trade Minister Don Farrell, raising wine exporters' hopes that current trade restrictions may be lifted, allowing for the free flow of Australian wine into the Chinese market. These trade restrictions, put into place in March 2021 amid rising...