A ship flying the flag of the Philippines departed Manila on Friday, heading south through the archipelago, before heading across the Pacific this week to Los Angeles, the latest new entrant onto the booming transpacific tradelane. The , a 15-year-old general cargo ship capable of carrying 1,100...
https://splash247.com/first-filipino-merchant-ship-to-call-in-the-us-for-45-years-departs-manila/
There’s still 95 days of the year to go, and yet 2021 has already gone down in the record books with more secondhand ships changing hands than ever before. Latest data from Clarkson Research Services shows that the record S&P activity has seen 114m dwt bought and sold in the first 38 weeks of the …
https://splash247.com/2021-has-already-smashed-all-sp-records-with-95-days-of-the-year-to-go/
By Brendan Murray(Bloomberg) –To understand why more than 100 container ships are waiting to enter U.S. ports from Southern California to Savannah, Georgia, it helps to keep tabs on the congestion…
Chart of the Week: Outbound Loaded Rail Container Volume Index, Outbound Tender Volume Index – USA SONAR: ORAILL.USA, OTVI.USA
The National Outbound Tender Volume Index shows a 4% year-over-year growth rate compared to the Outbound Loaded Rail Container Volume Index’s (ORAILL) 12% decline. With demand for surface transportation remaining consistent, this is a not so subtle indication that shippers are choosing trucks over trains when rail container volume is supposed to be on the rise.
Tradition...
https://www.freightwaves.com/news/trucking-picks-up-rails-slack-but-not-in-the-way-you-think
BIMCO’s SNOW (Week 38): Transatlantic container shipping spot rates jump 210% on last year
For almost three months now, the spot freight rate for containerised goods shipped by sea from North Europe to the US East Coast has been 210% higher than last year (1 July – 23 Sept).
It wasn’t until 1 April 2021 that we saw the ripple effects from the globally stretched supply chains impacting front-haul freight rates on the Transatlantic container shipping trade lane. At that time, spot freight...
European transport group Samskip has broadened its Baltic operations by acquiring shortsea specialist Sea Connect. The Klaipeda-based shipping company, which will be renamed Samskip Sea Connect, offers shortsea services connecting Russia, Lithuania, Denmark, Germany and the Netherlands. Sea Connect...
The Thai government is pressing ahead with the creation of a national flagship carrier. Having first mooted the idea in June, transport minister Saksayam Chidchob has now provided more details on the new line. The aim is to launch the as yet unnamed carrier by the middle of next year to be run as a...
https://splash247.com/thai-government-fleshes-out-plans-for-flagship-carrier-reboot/
Busan New Port has announced plans to launch a new dedicated feeder terminal by 2025. Most feeder ships currently head to the Korean city’s old port near the city centre, making for costly transhipment. The new terminal will accommodate ships of up to 4,000 teu in capacity. Busan handled 11.4m teu...
https://splash247.com/busan-to-build-dedicated-feeder-terminal/
Full year growth figures for the volume of containers shipped around the world are showing considerable divergence among analysts. Clarksons Research Services is now projecting the global container trade will reach 206.8m teu in 2021, up 6.3% year-on-year. Maersk, meanwhile, suggested last week...
https://splash247.com/jury-still-out-on-2021-container-growth-figures/
The spectacular, vertiginous ascent seen in boxship charter rates over the last year is approaching a plateau, according to leading analysts. With ships of all shapes and sizes capable of carrying containers in red hot demand charter rates have leapt tenfold since the middle of last year, with...
https://splash247.com/plateau-nears-for-soaring-boxship-charter-rates/