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Demolitions of aging container ships dropped last year to the lowest level in at least six years as high charter rates encouraged owners to keep ships operating, according to shipping intelligence provider Alphaliner. An estimated 16,500 TEUs of container carrying capacity was scrapped in 2021, down from 194,500 TEUs in 2020 and 655,000 TEUs in ...
Container volumes at Singapore port were recorded at 37.5 million twenty-foot equivalent units in 2021, the highest annual volumes in the port authority database, starting in 2011. Volumes rose 1.6% year on year, according to preliminary data released by the Maritime and Port Authority of Singapore on Jan. 13. However, container throughput at the port ...
All-inclusive container shipping rates from North and Southeast Asia to North America were widely viewed as having reached a medium-term ceiling after returning to record high levels, but support is expected to be maintained at least for another month on demand for restocking ahead of the Lunar New Year holiday. Conditions in China were a ...
Container freight rates including premium service fees continued to escalate this week on trans-Pacific trade lanes from North Asia to North America on the back of widespread restocking by retailers ahead of Lunar New Year beginning Feb. 1, which is marked by operational slowdowns in East Asia. Available empty containers and space on ships leaving ...
The premium surcharge, which overstayed in the trans-Pacific route and later in other ex-Asia routes for nearly a year, is expected to continue at least through the first half of 2022 due to firm demand and worsening schedule reliability, despite reports of easing in some regions post China’s Golden Week holiday. “Premiums would most likely ...