Conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released by Xeneta.
The Xeneta and Marine Benchmark Carbon Emissions Index (CEI), which measures carbon emissions per ton of cargo transported across the world’s top 13 trades, hit 107.4 points in Q1 2024 – the highest it has been since the index began in Q1 2018.
For containers being shipped via ocean from the Far East to the Mediterranean, the CEI reveals carbon...
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/
The collapse of the Francis Scott Key Bridge in Baltimore has caused supply chain disruption on the US East Coast but, so far, it has not seen an increase in ocean freight container shipping rates.
Data released on 8 April by Xeneta, the ocean freight rate benchmarking and intelligence platform, reveals average spot rates from the Far East into the US North East Coast (including Baltimore) have fallen slightly (-1%) since the bridge collapse on 26 March to stand at US$5,421 per FEU (40ft...
https://container-news.com/baltimore-bridge-collapse-has-not-triggered-rate-increase-xeneta/
The Francis Scott Key Bridge in Baltimore collapsed after being struck by the 10,000 TEU container vessel Dali, deployed on 2M alliance’s Far East – US East Coast service.
While Baltimore is not one of the largest US East Coast ports, it still imports and exports more than one million containers each year so there is the potential to cause significant disruption to supply chains, according to Emily Stausbøll, Market Analyst at Xeneta, an ocean freight shipping rate benchmarking and intelligence...
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Container shipments from China to Mexico skyrocketed in January; construction set for border logistics park in West Texas; Nippon Steel set to build $71M plant in Mexico; and China-based auto supplier announces $178M investment in Mexico.
Container shipments from China to Mexico skyrocketed in January
China’s container exports to Mexico surged nearly 60% year over year...
A staggering 60% year-on-year increase in container shipping imports from China into Mexico in January 2024 is triggering suspicions of Mexico turning into a ‘backdoor entry into the US,’ according…
Growth in demand for container shipping imports from China into Mexico in January 2024 increased by 60% compared to 12 months ago, further fuelling suspicions it has become a ‘back door into the US’.
This is now one of the strongest trade lanes in the world according to analysts at Xeneta, an ocean freight rate benchmarking and intelligence platform, with 117,000 TEU (20ft equivalent container) shipped in January of this year compared to 73,000 TEU in January 2023, according to Container Trades...
Fears that there is a looming empty repositioning crisis in Asia have subsided as weak demand and the continued growth in capacity have combined to see rates slide in the post-Chinese New Year period.
Hong Kong analyst Linerlytica reported that the “freight rate correction has gathered pace,” as “carriers failed to defend their pre-Chinese New Year gains.” According to Linerlytica the SCFI had lost 6.2% during the previous week.
The analyst attributed the slide in rates to weak demand that had...
https://container-news.com/weak-demand-puts-paid-to-talk-of-empty-box-crisis/
Oslo-headquartered ocean and air freight rate benchmarking and market analytics platform Xeneta has appointed Fabio Brocca as its chief product officer.
Brocca, who was previously head of product for global transportation technology at Amazon, says that his experience at Amazon showed him “the importance of working backwards from the customer and how a best-in-class tech company is run.”
Brocca’s new role will see him further develop Xeneta’s platform, which already calls upon more than 400...
https://www.marinelog.com/news/xeneta-names-fabio-brocca-chief-product-officer/
Fabio Brocca, recently appointed Chief Product Officer at Xeneta, faces the challenge of leveraging data and technology to revolutionize the buying and selling of ocean and air freight worldwide.
With his experience as head of Product for Global Transportation Technology at Amazon, where he played a pivotal role in scaling one of the world’s largest transportation networks, Brocca is well-positioned to lead this global transformation.
“Amazon showed me the importance of working backwards from the...
https://container-news.com/xeneta-appoints-former-amazon-and-msc-expert/