Panama Canal drought could boost New Year rates

Drought in Panama and war around the Red Sea and Suez is a slow-burning but developing crisis for the container shipping industry as both canals become choke points that could see freight rates double.

As the rainy season in Panama comes to an end, and notwithstanding the announcement that rain has raised water levels allowing the Panama Canal Authority to increase the number of daily transits, the outlook for next year remains tight.

Chief analyst at Xenata, Peter Sand, said the dry season could...

https://container-news.com/panama-canal-drought-could-boost-new-year-rates/

Searoutes raises €2.4m to reduce shippers’ GHG emissions

Searoutes, the Marseilles-based start-up that helps shippers reduce the carbon footprint of their transport, has announced a €1.3 million financing round led by WSB Beteiligungs, the venture capital firm founded by Wolf Scheder.
Created in 2019 by Dr. Pierre Garreau and Carsten Bullemer, Searoutes has designed its own, proprietary eco-calculator to compute the carbon footprint of a container along its journey. Incubated and accelerated by ZEBOX, the international incubator and accelerator …

The...

https://theloadstar.com/searoutes-raises-e2-4m-to-reduce-shippers-ghg-emissions/

Portrix Logistic Software and Searoutes offer forwarders accurate Co2 emissions data

From January Portrix Logistic Software (PLS) will integrate Searoutes’ Co2 emissions data into their Global Price Management (GPM) tool, a solution used by 12 of the Top 20 Freight Forwarders.
“Almost all our clients are today looking for detailed carbon footprint data due to many shippers wanting to make sustainable transportation choices alongside the normal costs, transit time and reliability factors.“ PLS’ CEO, Henning Voss says, adding “Searoutes was the perfect partner …

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https://theloadstar.com/portrix-logistic-software-and-searoutes-offer-forwarders-accurate-co2-emissions-data/

Searoutes enables shippers and forwarders to choose the greenest carriers

Using actual route data and vessel characteristics obtained from AIS (Automated Identification Systems) data, Searoutes goes beyond the standard methodology and provides CO2 emission calculations that accurately match the services operated by the carriers. Shippers now have an unprecedented decision-making tool to help them choose the services that emit the least CO2 and optimise their transport policy.
In the framework of the Green Deal, the European Commission estimates that a 90% …

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https://theloadstar.com/searoutes-enables-shippers-and-forwarders-to-choose-the-greenest-carriers/