Sea freight; February review
As we were moving through the final quarter of 2023 - before the Red Sea Houthi attacks started - the outlook for the container shipping lines continued to look gloomy,…
Archive: Sea Freight
US sea freight spot rates from Asia tracking Europe
Two weeks after sea freight spot rates from Asia to Europe started to peak, when the scramble for capacity ahead of Lunar new Year subsided, it seems that the US…
All change at the shipping alliances
After announcing the end of the 2M alliance Maersk is joining with Hapag-Lloyd to form The Gemini Cooperation, in a move that will shake up the East-West container shipping market.…
Cape diversions are the new normal (for now)
The Houthi attacks on commercial shipping began in December 2023 and show no sign of ending, with the major container shipping lines scheduling the 3,500 mile diversion around the Cape of Good Hope…
The Red Sea Crisis: Tracking the diverted vessels
Following the early January escalation of attacks on container ships off the coast of Yemen the major container shipping lines began diverting vessels away from the Suez Canal and around…
Suez crisis: Shippers from Asia face capacity and equipment challenges
The shock of the double-attack on the Maersk Hangzhou on Sunday has prompted the Danish shipping line to follow other leading container shipping lines and divert their vessels away from…
Container shipping on alert
The Gulf of Aden is the approach to the Suez Canal from Asia, with 50-60 vessels transiting each day, but as a result of the situation in Israel attacks in…
Sea freight surcharge review
As the container shipping lines make their first attempt of 2024 at raising freight rates from Asia, with huge GRIs announced for mid-December and January, we review the ‘temporary’ surcharges…
Emissions Trading Scheme surcharge
The EU Emission Trading Scheme (EU ETS) was established in 2005 to tackle greenhouse gas emissions within the European Union and extends to container shipping from the 1st January 2024,…
Asia to US East/West Coast rate disparity falls
Historically East Coast sea freight rates from Asia have always been significantly higher than West Coast rates, because much smaller traffic volumes were routed to the East Coast, but recent…
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