After 13 months West Coast labour contract agreed
The agreement in principle was announced publicly last night (14th June 2023) and comes after 13 months of negotiations and a timely intervention by the President’s Acting Labor Secretary, to…
Archive: Sea Freight
Lines likely to add capacity to profitable transatlantic routes
While the revenues the container shipping lines are making on the transatlantic trade has come down slightly since the beginning of the year, it remains far above comparable revenue on…
FMC uphold demurrage complaints
The Federal Maritime Commission (FMC) has received more than 200 complaints since the US Ocean Shipping Reform Act of 2022 (OSRA) was enacted in June 2022, with over 30% being…
Asia freight market update; December
Our final Asia freight market report of the year includes the latest news from China, as the country finally relaxes COVID control measures and provides multi-modal situation updates and insights,…
Asia market update; November
Our latest freight market report provides multi-modal situation updates and insights, together with carrier updates, that will provide you with critical insights for the weeks ahead. (more…)
Bank predicts more blanked sailings
“We think they [the container shipping lines] need to do much more, and rather quickly, to stabilise freight rates ahead of upcoming contract negotiations for the Asia-Europe route, which typically…
IMO 2023 could cut container fleet capacity
On the 1st January, IMO 2023 will require container ships to comply with a new round of vessel efficiency and carbon intensity regulations, with three specific requirements for every vessel,…
Rates soften despite disruption at European ports
Market analysts are surprised that freight rates from Asia to Europe have fallen so far in the third quarter (Q3) despite the fact that schedule reliability is only 30% and…
Felixstowe port strike threat
While negotiations continue today between employers and dockworkers at the UK’s biggest container port, expectations are not high and we are preparing contingency plans to deal with the threat of…
ILWU negotiations continue with no threat of strike
In a move to reassure shippers, the International Longshore and Warehouse Union (ILWU) has confirmed that, even though they do not expect to reach a deal before the current labour…
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