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…
Archive: Sea Freight
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…
Panama Canal restrictions may trigger supply chain changes
At the start of the week AIS tracking site Vesselfinder showed 123 ships waiting to transit the Panama Canal, which is almost a third over the average since the Canal…
Shipping lines working hard to restore rates
The container shipping lines are fighting to impose freight rate increases across the major Atlantic and Pacific trade-lanes, in an attempt to recover operations back into the black and lose…
EU end carrier anti-trust exemption
With the European Union ending antitrust exemption for the container shipping alliances and imposing carbon taxes on shipping, the lines already have a challenging 2024. The abolition of the Consortia…
Container shipping line options for 2024
Despite vocal shipper complaints and the EU’s subsequent action on CBER, there’s no compelling case that carriers abused market power during the pandemic. In fact the extraordinary impact of COVID…
Shippers need to take note of EU-ETS surcharge
New EU emissions regulations are set to come into force in January, covering voyages into, out of and through the EEA and the maritime industry’s cost of compliance could be…
New vessels join global fleet as sailings blanked
The percentage of industry-wide blanked capacity between Asia and Europe has increased significantly from previous years to 17%, with Golden Week cancellations spiking, while 47 new container ships have already…
Sea freight capacity cuts ex Asia to USA and Europe
With less than four weeks before China’s national Golden Week holiday (1st-7th October) following which the traditional slack season begins, the container shipping lines are ramping-up their trans-Pacific and North…
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