cargo demand

The Key Drivers That Pushes Freight Rates Up

Shipping lines can’t cope with booming perishables trade and lack of reefers, says an article published in The LoadStar.

Far from coping

Even as reefer container freight rates soar, shipping lines are “far from coping” with the seasonal demands of perishables.

According to Drewry, a weighted average of rates across the top 15 “reefer-intensive” tradelanes jumped 26% in the first quarter, following a seasonal uptick in cargo demand and rising bunker surcharges.

Highest level from launch

This placed...

https://mfame.guru/the-key-drivers-that-pushes-freight-rates-up/

Box Carriers Seek Better Visibility Through Enforceable Contracts

The pandemic has shown up the weakness of current container freight contracts that offer no compensation for rollovers or no shows. Carriers are now seeking more certainty over volumes, reports Lloyd’s List.

Stability and commitment 

As the annual transpacific contracting season gets under way, container lines are looking for more stability and commitment from customers in an effort to get better insight into demand and avoid the instability in the market witnessed over the past several months.

“...

https://mfame.guru/liner-shipping-leaders-look-to-mutual-commitments-in-contracts/

A Timeline Of The Shipping Industry in 2020

A year ago, shipping experts unveiled their projections for 2020. Little did they know how short their forecasts’ shelf lives would be. Pre-COVID outlooks were practically worthless by February.

The pandemic reshaped cargo demand across all shipping segments, but for two in particular: container shipping and tanker shipping.

The following is a look back at American Shipper’s coverage of the crisscrossing roller-coaster rides for container shipping and tanker shipping in 2020.

Container shipping:...

https://mfame.guru/a-timeline-of-the-shipping-industry-in-2020/