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No relief in sight for shippers in 2022, freight rates continue to be elevated
13 Jan 2022 11:53 AM ISTThe new year has not brought relief to the container shipping market, especially on the main fronthaul trades, says Xeneta in its latest market...
Container carriers order 550 ships in 2021, up nearly 400%; Maersk warns of tough times
12 Jan 2022 12:30 PM ISTNew building orders for container vessels increased 386 percent to 555 for the year to date (YTD) December 2021 compared to 114 in 2020 and 107 in...
Container turnaround time accelerates in Asia but congestion in US/Europe ports delay supply chain recovery
11 Jan 2022 7:26 AM ISTContainers are moving in and out of China at record speeds as shippers desperately source capacity but port congestion in Europe and the US continues...
Drewry WCI increased 1%, indicators point to another bullish year for freight
10 Jan 2022 1:07 PM ISTDrewry’s composite World Container Index (WCI) increased 1.1 percent to $9,408.81 per 40ft container for the week to January 6, 2022.
MSC largest ocean carrier by operated vessel capacity
6 Jan 2022 1:19 PM ISTSome 52 years after its foundation in 1970, Mediterranean Shipping Company (MSC) overtook Maersk Group of Denmark as the world’s biggest container...
Maersk restricting access to freight forwarders draw FIATA ire; Maersk says difficult to meet demand
5 Jan 2022 6:50 PM ISTThe recent notices to users of freight services of A.P. Moller–Maersk Group and its integrated services restricting access in many economies through...
