Peter Sand

U.S. port fees on China-built ships? Carriers weigh their options

The prospect of U.S. port fees being imposed on Chinese-built ships is keeping shipping analysts busy. As we reported earlier, in response to a petition filed by U.S. unions back in March 2024, then U.S. Trade Representative (USTR) Ambassador Katherine Tai found in January, at the tail end of the Biden Administration, that China’s targeting the maritime, logistics, and shipbuilding sectors for dominance is actionable under Section 301 of the Trade Act of 1974. Now, under a new administration,...

https://www.marinelog.com/news/u-s-port-fees-on-china-built-ships-carriers-weigh-their-options/

Ocean container freight rates to fall further in February following Middle East ceasefire as carriers take action to slow market decline

Oslo, Norway – 31 January 2025 – Middle East ceasefire and Lunar New Year will see ocean container freight rates fall further in February – with carriers now taking action to slow the market decline.

Latest data from Xeneta – the leading ocean and air freight intelligence platform – shows average spot rates from the Far East stand at USD 3 795 per FEU (40ft container) into North Europe and USD 5 085 per FEU into the Mediterranean – down 22% and 13% respectively since 1 January.

Early data...

https://allaboutshipping.co.uk/2025/01/31/ocean-container-freight-rates-to-fall-further-in-february-following-middle-east-ceasefire-as-carriers-take-action-to-slow-market-decline/

U.S. port strike fears grow as ILA halts negotiations with USMX

Raising the specter of a labor dispute paralyzing container traffic at U.S. ports on the East and Gulf coasts, the International Longshoremen’s Association (ILA) on July 10 announced it had suspended talks with the United States Maritime Alliance (USMX) that had been scheduled for the next day. The decision arises amid ongoing negotiations of local agreements under a coast-wide master contract, set to expire on September 30, 2024.

The ILA said that it canceled master contract talks with the...

https://www.marinelog.com/inland-coastal/ports-terminals/u-s-port-strike-fears-grow-as-ila-halts-negotiations-with-usmx/

VIDEO: Iran seizes Israeli-linked MSC Aries

With two of its ships having previously been attacked by Houthi missiles, with one of them, the MSC Sky II, receiving damage, Mediterranean Shipping Corporation must be aware of the dangers of routing vessels through politically troubled waters. Now, as widely reported over the weekend, the Iranian Revolutionary Guard Corps Navy on Saturday seized the Portuguese-flagged containership MSC Aries, which is leased by MSC from Zodiac Maritime affiliated Gortal Shipping Inc., part of the Zodiac...

https://www.marinelog.com/legal/safety-and-security/video-iran-seizes-israeli-linked-msc-aries/

Attack on Maersk Detroit underscores continued Houthi threat

UKMTO WARNING
INCIDENT 019 – ATTACK UPDATE 001https://t.co/qlApy9q9pq#MaritimeSecurity #MarSec pic.twitter.com/uhXf1I7V33

— United Kingdom Maritime Trade Operations (UKMTO) (@UK_MTO) January 24, 2024

This morning brought news from UKMTO of an incident 50 nautical miles south of Al Mukha, Yemen, in which the master of a ship reported an explosion about 100 meters off the vessel’s starboard side. According to a later post on X (formerly Twitter) by U.S. Central Command that ship was the...

https://www.marinelog.com/legal/safety-and-security/attack-on-maersk-detroit-underscores-continued-houthi-threat/

Strikes on Houthis won’t soon end trade disruptions

Overnight strikes on Houthi infrastructure by the U.S. and U.K. have not yet shut down the group’s attacks on merchant shipping. This morning the U.K. Maritime Trade Office reported an incident in which a missile was fired towards a vessel 90 nautical miles southeast of Aden, Yemen.

UKMTO WARNING 007/JAN/2024 UPDATE 001https://t.co/6a9TLpaLrg#MaritimeSecurity #MarSec pic.twitter.com/eZIBRlsLSo

— United Kingdom Maritime Trade Operations (UKMTO) (@UK_MTO) January 12, 2024

Al Arabiya cites U.K....

https://www.marinelog.com/legal/shipping/strikes-on-houthis-wont-soon-end-trade-disruptions/

Houthi attacks on ships could bring Suez Canal supply chain crisis

Leading shipping analyst Peter Sand is warning that missile and drone attacks by the Houthis on merchant ships passing through the Red Sea and Gulf of Aden could throttle Suez Canal traffic, triggering a global supply chain crisis.

“All ships transiting the Suez Canal must sail through the Red Sea and Gulf of Aden and the Houthi militia has made clear that any vessel is a target,” said Sand, who is chief analyst at ocean freight shipping data and intelligence platform Xeneta. “I do not believe...

https://www.marinelog.com/legal/safety-and-security/houthi-attacks-on-ships-could-bring-suez-canal-supply-chain-crisis/

Viewpoint: That pain you’re feeling won’t be restricted to the fuel pump

Worries of inflation escalated Thursday after a white-hot Consumer Price Index of 7.9% was recorded. While news outlets are focused on crude, and crude-derived products, they are missing the big inflationary pressure — logistics prices.

The rise in black gold has pushed up the price of bunker fuel, jet fuel and diesel. All of these cost increases will be folded in to the logistics bill of any item imported. This means the inflation you are seeing now on the shelves in grocery and retail stores...

https://www.freightwaves.com/news/viewpoint-that-pain-youre-feeling-wont-be-restricted-to-the-fuel-pump

Σε τροχιά εκτόξευσης ο δείκτης της ναυλαγοράς των Capesizes

Την ανοδική του πορεία διατήρησε ο BDI την Τετάρτη 6 Οκτωβρίου, όπως αναφέρει το πρακτορείο ειδήσεων Reuters. Συγκεκριμένα, ο δείκτης σημείωσε άνοδο 238 μονάδων (ή κατά 4,4%) φθάνοντας τις 5.647 μονάδες, επίπεδα που έχουν να καταγραφούν από τον Σεπτέμβριο του 2008.

Η προαναφερθείσα άνοδος οφείλεται κατά κύριο λόγο στη σημαντική αύξηση του δείκτη των Capesizes (BCI), ο οποίος εκτινάχθηκε άνω των 10.000 μονάδων, για πρώτη φορά έπειτα από 13 χρόνια. Η εν λόγω αύξηση ήταν ίση με 723 μονάδες (ή...

https://www.naftikachronika.gr/2021/10/07/se-trochia-ektoxefsis-o-deiktis-tis-navlagoras-ton-capesizes/

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