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Chinese exporters vying for slots on container ships face months of anxiety, DHL says

Shortage of slots on container vessels leaving China, which caused a surge in freight rates, is unlikely to ease in the coming few months because shipping giants have no additional capacity, says DHL Global Forwarding.

Red seaDjibouti generalShanghai shipping exchangeIran backed houthiShanghai containerized freight index

Red Sea distortion plus Mexico and Brazil record imports from China have seen shipping rates balloon

The global container shipping capacity has been strained due to the Red Sea/Suez Canal situation and a restocking cycle in the U.S. and Europe with strong purchasing of Chinese goods. On May 17, the Shanghai Export Containerized Freight Index (SCFI) rose to 2520.76 points, a 9.3% increase from the previous week and more than a 130% increase since the Red Sea crisis in December, points out the Shanghai Shipping Exchange.

United statesRed seaDjibouti generalCma cgmUs bureau of economic analysisShanghai shipping exchangeUs commerce departmentMediterranean shipping companySuez canalShanghai export containerized freight indexShanghai shippingIranian backed houthiChina latin americaLatin americaSouth americaEast coast

Johnson provision included in committee-approved annual defense bill

Johnson provision included in committee-approved annual defense bill
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Us senateMaritime commissionHouse armed services committee onShanghai shipping exchangeUs house armed services committeeUs department of energyUs department of defenseDusty johnsonArmed services committeeOcean shipping reform implementation actJohn garamendiFederal maritime commissionServicemember qualityLife improvement actHouse armed services committee

Has Container Peak Season Come Early?

Has Container Peak Season Come Early?
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United statesParmenion laliotisShanghai shipping exchangeGood hopeEast asiaNorth americaLatin americaShanghai shippingGeneral rate increases

Congressman Johnson s Anti-CCP Provision included in annual Defense Bill

Congressman Johnson s Anti-CCP Provision included in annual Defense Bill
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United statesNational defense authorization actShanghai shipping exchangeMaritime commissionChinese communist partyHouse armed services committeeIdc pressPress releaseDusty johnsonOcean shipping reform implementation actOcean shipping reform actShanghai shippingProjection forcesJohnson ocean shipping reform implementation actFederal maritime commission