Chartering

Intention of China, to dominate the iron ore market did not garner everyone’s support, or did it? Apart from blocking Australia, the republic has not slowed down in its aggressive iron ore buying. In fact, industry experts earlier predicted a trading surge between Indonesia and China, backed by a recently …

It is no relief for shippers despite improvements at Yantian port Maersk issued a notice on its website to announce there are improvements in Yantian port’s operations. However, nowhere in its advisory mentioned rebates. The carrier seems unfazed by complaints in the marketplace though none are named. Shippers’ wrath over …

World economies battle inflation and no actions are taken to contain shipping chaos Though no authorities took actions to curb oil prices, some entities banded together to tame the out-of-control prices by reducing production. Can the same be done for shipping? Rising costs a concern Big carriers are “blacklisted” for …

Goods from China suffer weakened demand from exorbitant rates A shipper was reportedly quoted $32,000 for shipping a 40ft container from Shanghai to Los Angeles. Close to a 100 per cent hike from the previous average of $18,000, Chinese manufacturers are now dealing with export troubles. China’s exports threatened The …

The big carriers’ halts, suspensions and diversions spell breaks for smaller carriers Maritime has been actively consolidating. The super carriers are suffering losses from the cocktail of global issues crippling trade and reduced to contend with a massive equipment shortage of consignments. That turns out to be a direct invitation …

Deteriorating customer relations adds to the rates’ conundrum The off-the-charts shipping rates caused intense dissatisfaction among the cargo owners. Nobody would be pleased with having to pay more for the same quantity ferried. However, what many appeared to overlook is how shippers confined themselves to only big carriers. Rates and …

2021’s improvements in dry bulk shipping spell good news for smaller players Various industry veterans examined the recent developments of dry bulk’s performance, and expressed enthusiasm for the sector’s recovery – thanks to the increased construction projects. Driven by construction sector Louisa Follis, Divisional Director for Dry Cargo at Clarksons …

A cocktail of border closures, boxes shortage and high costs fuels the flame The world supply chain is hammered by port congestion and skyrocketing rates due to a massive box shortage to ferry goods. Industry observers are not optimistic about recovery. A fatal chain reaction Shippers are uptight about boxes’ …

Big players expect the congestion to persist despite resumption of one berth Resuming operations at one berth should have improved operational capacity. On the contrary, shipping heavyweights remain concerned and continued to warn about delays. The surcharges meanwhile continue. Congestion worse than Suez Canal’s Industry analysts first noted the degree …

China has officially joined the congestion spectacle… Ocean Network Express (ONE) announced a $1,000 surcharge on cargo bound for Yantian. Currently battling severe congestion, the bottleneck at Yantian Port has rippled its way to neighbouring ports like Shekou and Nansha. Increased infections blamed After an outbreak of 150 cases in …