Page 9 - Simon Heaney News Today

Spot container rates rose an average of 11.8% this week to $1,761 per 40-foot container, marking a fourth consecutive weekly increase.

The demand picture for container shipping is "far worse" than predicted as the sector struggles with an oversupply of vessels ordered during the pandemic.

Older ships are being kept in service longer in pursuit of profits, heightening the risk of accidents and spills.

Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory

Container shipping consultancy Drewry warns that uptick in spot rates and charter-hire prices is transitory

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

Supply chain woes finally appear to be easing, with Bloomberg highlighting a “large number” of container ships piling up off China

(Bloomberg) — For a sign of how much global trade has slowed, look no further than idled container ships — unused vessel capacity is near the highest level since a spike after the start of the pandemic. But where those idled ships are clustered gives insight into the industry’s bets for a rebound: a large number are positioned near China, waiting for a renewed flow of exports as the world’s second-largest economy recovers from Covid Zero restrictions. “It makes sense to be close to...

Danish major Maersk is likely to pursue a development strategy outside of a carrier alliance once its partnership with MSC ends.

Could the dissolution of the 2M alliance lead shipping lines into a tariff war?