Containers
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Carriers do not have to check verified gross mass, High Court finds
Claimants’ case failed on facts, while duty of care to ensure Bills of Lading are not used as instruments of fraud remains
One Hundred Ports: Box ports tread water as the ‘tepid 20s’ persist
A second successive year of subdued volume growth is seen by the global container port sector as the industry settles into post-pandemic norms
Panama Canal ends fiscal year 2024 with 29% plunge in total transits
Ship transits through the Panama Canal were flat in September versus August, as the waterway continued to handle fewer vessels per day than available reservation slots. In the fiscal year that ran through to the end of last month, transits fell by almost one-third versus the prior year
New Hong Kong shipping chamber’s success could test China’s continued trade leadership
Its future success may serve as a test to whether China can continue its economic miracle and to lead global trade and energy transition
The lessons of Panama Canal drought for future shipping routes
The 2023-2024 drought at the Panama Canal was historically severe and had major impacts on container, LPG, LNG and dry bulk shipping routes. Alexei Oduber, head of shipping agency GAC Panama, outlines the lessons learnt
Baltimore bridge litigation: The US courtroom drama that doesn’t star Tom Cruise
Verdict could go either way, with legally well-founded claim for limitation pitched against understandable anger of entire city
Container lines poised to post highest quarterly profits since pandemic
Listed liner companies are set to report their best quarterly results in two years, courtesy of the ongoing Red Sea crisis and the pull-forward of cargo ahead of the US port strike. But 3Q24 will likely mark the peak of the current cycle, with lower results ahead
More boxship newbuilding orders needed to keep pace with demand growth
The top 10 containership operators still operate some 680 vessels aged 20 years or older, representing a capacity of 2.6m teu. Some carriers will simply need new tonnage to rejuvenate their existing fleets. Meanwhile, investment is heavily focused on large ships, which could mean a shortage of feeder tonnage is looming
Ship queues fall after US ports reopen, limiting carrier rate upside
The next strike deadline — January 15, 2025 — may incentivise importers to pull forward pre-Chinese New Year cargoes. But overall, positive effects of the strike on carriers’ fourth-quarter results now appear limited. The offshore ship backlog is much lower than it was a few days ago
US port strike ends after three days but backlog could take weeks to clear
The dockworker strike at US east and Gulf coast ports turned out to be brief, minimising market impacts. However, there will be still be supply chain effects: The offshore backlog had already risen to 60 containerships by the time the deal was reached
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Latest From Ports and Logistics
US corn exports to increase as Russia and Ukraine lose out
The report comes as Brazil continues to experience a crippling drought, prompting barge cargoes of grain to halt due to low water levels in the Tapajos river
DP World will make London Gateway UK’s biggest container port by 2030
Two new berths will be built at the port, which means London Gateway will be able to berth six vessels over 400m in length when work is completed by 2030
New Hong Kong shipping chamber’s success could test China’s continued trade leadership
Its future success may serve as a test to whether China can continue its economic miracle and to lead global trade and energy transition
More from Containers
Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
Latest From Containers
DP World will make London Gateway UK’s biggest container port by 2030
Two new berths will be built at the port, which means London Gateway will be able to berth six vessels over 400m in length when work is completed by 2030
Carriers do not have to check verified gross mass, High Court finds
Claimants’ case failed on facts, while duty of care to ensure Bills of Lading are not used as instruments of fraud remains
Panama Canal ends fiscal year 2024 with 29% plunge in total transits
Ship transits through the Panama Canal were flat in September versus August, as the waterway continued to handle fewer vessels per day than available reservation slots. In the fiscal year that ran through to the end of last month, transits fell by almost one-third versus the prior year
New Hong Kong shipping chamber’s success could test China’s continued trade leadership
Its future success may serve as a test to whether China can continue its economic miracle and to lead global trade and energy transition
Lack of multi-stakeholder forum for decarbonisation leaves shipping adrift
Malta Maritime Summit hears that progress towards developing alternative fuels has been slower than hoped-for and transition remains a ‘risky and chaotic’ proposition
Capacity overspill prompts further box rate erosion
Latest spot prices show persistence of downward trend over the last three months, as overstretched supply suggests little turn in fortunes ahead of the winter slack season
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