Page 14 - Sea Intelligence News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Pandemic drives sea freight prices to record high Issued on: 04/07/2021 - 04:50 Bottlenecks in the availability of shipping containers has helped drive transporation costs higher Saeed KHAN AFP/File 4 min London (AFP) Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. "We are basically running out of vessels and of empty containers," Alan Murphy, head of the consultancy Sea Intelligence, told AFP. "There's been a massi...

Sunday 4 July 2021 - 5:57am Bottlenecks in the availability of shipping containers have helped drive transportation costs higher.  AFP/Saeed Khan LONDON - Container shipping prices have reached record highs some 18 months after the outbreak of the coronavirus pandemic which disrupted maritime logistics chains and drove demand sky-high. "We are basically running out of vessels and of empty containers," Alan Murphy, head of the consultancy Sea Intelligence, told AFP. "There's been a massive shortage of empty containers, they are in the wrong place, they are stuck i...

Shipping schedule reliability at all-time low Schedule reliability at Port of Tauranga is at 5.52 per cent. File image/SunLive. '); } else { // }   Shipping schedule reliability has plunged to a historic low of six per cent from above 80 per cent before the pandemic.   Maritime Union of New Zealand national secretary Craig Harrison says there is now a very real danger of shipping services cutting back services.   Numbers from Sea Intelligence show the full extent of port congestion and shipping woes. The delays were initially forecast to end after Christmas, but...

Alexander Kliem - Pixabay Exporters from Europe and the Med will see a sharp drop in container shipping capacity this week due to knock-on effects of the Suez Canal closure, then followed by a spike in capacity. Exporters from North Europe to Asia are facing a drop in capacity of near 80% this week, analysts Sea Intelligence warned. However, this will then be followed by much higher than usual capacity in the following two weeks. “But an imminent sharp drop in export capacity will most certainly leave a significant amount of European export cargo stranded...

Port congestion in the US west coast sees vessels taking 11 days to turnaround at berth, according to ONE ceo Jeremy Nixon.