Port Houston’s Export Triumph Amidst Challenges

Credit: pymnts/Unsplash

Port Houston has once again experienced a significant increase in loaded exports through its Bayport and Barbours Cut Container Terminals,says an article published on port houston website.

September Export Surge

Port Houston experienced a record-breaking increase in loaded exports during September, marking a significant milestone in its history. Handling 124,739 loaded export TEUs, this surge, a 21% increase compared to the same period in 2022, is primarily attributed to...

https://mfame.guru/port-houstons-export-triumph-amidst-challenges/

Fourth Month in A Row That Long-Term Ocean Freight Rates Have Dipped

Credits: Alex Duffy/ Unsplash

The global XSI® fell to 419.8 in December, down by just 0.1% from November. The pace of decline has slowed since November, when the XSI® fell by 5.7% month on month. This is now the fourth month in a row that long-term ocean freight rates have dipped, with spot rates dramatically fallen since early summer. Despite this negative trend, the XSI® remains 70% up year-on-year after a strong start to 2022, reports Xeneta.

Expiring long term contracts

“The narrative for the...

https://mfame.guru/fourth-month-in-a-row-that-long-term-ocean-freight-rates-have-dipped/

Victoria part-funds $250k grain supply chain study

Pictured: ears of grain. Photo credit: Robin M via Unsplash.

Victoria’s government has committed $125k to part-fund a study to identify changes to the production, and volume, of grain likely to be harvested over the next 25 years.

The study is also aimed at helping freight industry efficiencies and to improve the competitiveness of the grain industry.

The SouthWest Victoria Alliance will deliver the project, along with local government, industry and the Department of Transport.

Modelled on the...

https://www.shippingaustralia.com.au/victoria-part-funds-250k-grain-supply-chain-study/

Major Exporters In Asia Take Measures To Curb Container Shortage

Some of the world’s biggest exporters in Asia are intervening to alleviate a shipping container shortage that jeopardizes their overseas trading,  reports Bloomberg Quint.

Container Shortage 

Government-owned Indian Railways has moved empty boxes to inland depots like Delhi from seaports for free. South Korea has deployed an extra nine vessels on the Trans Pacific route to help local manufacturers while China’s state owned shipyard, Cosco Shipping Heavy Industry, has converted at least one...

https://mfame.guru/major-exporters-in-asia-are-taking-measures-to-curb-container-shortage/

2M Partners Swap Felixstowe for Liverpool for Transatlantic Loop

  • 2M partners Maersk and MSC are swapping Felixstowe for Liverpool on their TA2/NEUATL2 transatlantic loop from the end of the year.
  • The last sailing from Felixstowe will be by the 8,822 teu MSC Athens in week 51, with the first sailing from Liverpool by the 6,478 teu Maersk Sembawang planned for the following week.
  • The average weekly capacity on its three remaining strings has increased by 16.5%, to 19,800 teu, with the deployment of larger ships to compensate.

2M partners Maersk and MSC are...

https://mfame.guru/felixstowe-replaced-by-liverpool-for-transatlantic-service/

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