Page 27 - Simon Heaney News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Shipping container prices may be leveling off after a year of worsening service, threats of regulation, and complaints from retailers as prices skyrocketed. The cost of a 40-foot container declined modestly from $10,377 the previous week to 10,360 last week, or 0.2%, according to the World Container Index by Drewry, a London-based maritime research firm ...

Importers and retailers have expressed anger at what they saw as "price-gouging" from shipping lines reaping record profits.

To support growing investor and industry interest in the now extremely profitable container shipping sector, Drewry will introduce in its flagship, end-September edition of Container Forecaster a new ’Container Carrier Industry Maturity and Risk’ matrix, looking at the fundamental characteristics and changing risk profile of the carrier industry. The Container Carrier Industry Maturity and Risk ...

The disruption is causing further pain for global shippers already struggling with interruptions to supply chains from the pandemic, and the Ever Givens grounding in the Suez Canal earlier this year.

Photo: Yangzijiang A huge surge in containership newbuild orders could act to shorten the current market boom for the sector, analyst Drewry warns. Container shipping is enjoying a boom brought about by soaring demand for goods from consumers during the Covid pandemic combining with port and supply chain ineffiencies. As a result of these temporary market factors, lines are seeing a huge surge in rates and profitability. Simon Heaney, Senior Manager Container Research for Drewry, told a webinar that terminal efficiency was not expected to normalise this year. Combined with container line dis...