Stena Line has reached another milestone in the build of its NewMax ships – launching Stena Futura into the water and laying the keel of the second ship, to be named Stena Connecta. Last week, Stena held a joint ‘launch’ and ‘keel-laying’ ceremony at the China Merchants Jinling Shipyard, Weihai,… Read more »
Xeneta container rates alert: record-breaking fall in long-term rates for ocean freight, as carriers brace for stormy 2023
January proved to be a dramatic month for long-term ocean freight rates, with the latest data from the Xeneta Shipping Index (XSI®) showing the largest ever month-on-month declines. According to the XSI®, which is based on crowd-sourced data from leading shippers worldwide, average long-term contracted rates dropped by 13.3% in… Read more »
Xeneta container rates alert: sharp decline for long-term ocean freight rates signals “an end to record-breaking quarters” for carriers
Long-term ocean freight rates suffered a steep month-on-month decline in November as subdued spot prices, weak demand, and ongoing economic uncertainty caught up with contracted container agreements. The latest data from the Xeneta Shipping Index (XSI®) indicates that global rates fell by 5.7%, with all major corridors experiencing negative import… Read more »
Xeneta questions ‘myths’ of heavily declining container volumes and bunker price unrest
Oslo-based Xeneta is calling into question industry narratives of significantly declining ocean freight volumes and shipper dismay over rising Bunker Adjustment Factors (BAF). In its latest ‘Ocean Freight Pulse’ survey of its user base, made up of globally leading shippers, Xeneta found that over 50% of respondents expected volumes to… Read more »
Bristol Port welcomes Mazda UK’s first direct shipment of cars from Japan
Mooring at Bristol’s Royal Portbury Dock on the 28th March, the NOCC Atlantic delivered 2,355 cars to Mazda’s new automotive port handling centre within the Bristol Port Company estate. This opening shipment sees Bristol Port become the fourth port of entry in Europe for Mazda Logistics Europe, joining Barcelona, Antwerp… Read more »
DP World reports strong volume growth of 11.9% for 9M 2021
Dubai, 26th October 2021 – DP World Limited handled 58.4 million TEU (twenty-foot equivalent units) across its global portfolio of container terminals in 9M2021, with gross container volumes increasing by 11.9% year-on-year on a reported basis and up 11.4% on a like-for-like basis. On a 3Q2021 basis, DP World handled… Read more »
Shippers warned to brace for fuel surcharge rises
Resurgence in fuel prices, set to be passed on by carriers, means cargo owners will have to contend with higher bunker adjustment factors on top of already high freight rates Shippers are being warned to prepare for higher bunker adjustment factors on top of already high freight rates as carriers… Read more »
DP World-owned Unifeeder partnering in world-first marine trial of carbon-neutral synthetic natural gas (SNG)
Today, in a world first for the marine industry, Unifeeder-operated ship ‘ElbBlue’ was fuelled with liquefied SNG for a trial voyage in a major boost for the shipping industry’s efforts to reduce its carbon emissions. The liquefied SNG, produced at Kiwi’s Power-to-Gas facility in Werlte, Germany is a synthetic… Read more »
Freight Association, BIFA, sees no change in container shipping fundamentals for months … possibly years
In response to concerns expressed by its members, the trade association that represents UK freight forwarding and logistics companies has been monitoring conditions in the global container market for some time, liaising with international organisations in order to compare market conditions around the world. BIFA has now prepared a report… Read more »
Bestseller secures carbon-neutral ocean transport through new partnership with Maersk
A.P. Moller – Maersk today announced the signing of a fully carbon-neutral transport agreement on ocean services with BESTSELLER. The open-ended agreement on lifestyle logistics covers all of BESTSELLERs global transportation requirements and includes inland logistics and CFS handling (warehousing). “I am very pleased that BESTSELLER, one of the top… Read more »
