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Shippers should expect high container rates all the way into 2024

Bjørn Vang Jensen is quite busy in his new position as consultant with Sea-Intelligence. His current advice to customers is to expect high prices on container freight all the way into 2024. Find out why in this interview with ShippingWatch. ....

Vang Jensen , Jochen Gutschmidt ,

Container shipping: A summer of sold-out ships awaits as sea cargo chaos intensifies


Synopsis
Any hope for a return to more normal conditions this year was quashed with the beaching of the Ever Given that stalled traffic through the Suez Canal for almost a week in late March.
iStock
Most logistics experts agree the situation can’t stay this disrupted forever, but there’s a growing sense that relief might not come until 2022. Even those sentiments are part guesswork.
Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting the world economy’s capacity to move goods across oceans. ....

New York , United States , Brian Sondey , Los Angeles , Nerijus Poskus , Patrik Berglund , Jochen Gutschmidt , Lars Jensen , John Fossey , Triton International Ltd , European Central Bank , Drewry World Container Index , Ever Given , Suez Canal , Oslo Based Xeneta , Vespucci Maritime , San Francisco Based , Container Shipping , Ap Moller Maerska S , Nestle Sa , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , லாஸ் ஏஞ்சல்ஸ் , பற்றிக் பெர்க்லண்ட் , லார்ஸ் ஜென்சன் , ஜான் ஃபோஸி ,

Summer of Sold-Out Ships Awaits as Sea Cargo Chaos Intensifies


Container shipping rates are heading higher again, driven to new heights by unrelenting consumer demand and company restocking from Europe to the U.S. that are exhausting the world economy’s capacity to move goods across oceans.
After peaking in late 2020 and not budging much through the first quarter, the rate for a 40-foot container to Los Angeles from Shanghai hit $4,403 last week, the highest in Drewry World Container Index data going back to 2011. Cargo shippers on less-traveled transatlantic routes are feeling the sting, too: Rotterdam to New York surged to a record $3,500.
With their fiscal and monetary floodgates wide open, countries with advanced vaccine programs are countering Covid-19 headwinds of unemployment, weak services industries and restricted travel. But the wave of stimulus buoying consumption has inundated the supply side the manufacturers of goods that often rely on global distribution chains. ....

New York , United States , Brian Sondey , Los Angeles , Nerijus Poskus , Patrik Berglund , Jochen Gutschmidt , Lars Jensen , John Fossey , Triton International Ltd , European Central Bank , Drewry World Container Index , Ever Given , Suez Canal , Oslo Based Xeneta , Vespucci Maritime , San Francisco Based , Rates Through , புதியது யார்க் , ஒன்றுபட்டது மாநிலங்களில் , லாஸ் ஏஞ்சல்ஸ் , பற்றிக் பெர்க்லண்ட் , லார்ஸ் ஜென்சன் , ஜான் ஃபோஸி , ட்ரைடன் சர்வதேச லிமிடெட் , ஐரோப்பிய மைய வங்கி ,

Join BIMCO for new episodes of "The Shipping Markets Checkpoint" | Hellenic Shipping News Worldwide


Join BIMCO for new episodes of “The Shipping Markets Checkpoint”
Overview
In response to the numerous challenges arising in the face of the Covid-19 pandemic, BIMCO launched a webinar series in the autumn of 2020. The series offer insight from industry experts who join the webinars to share their knowledge and debate what lies ahead for commercial shipping markets.
The second season of the series – “The Shipping Markets Checkpoint: Thinking out loud on what’s next for shipping” – is now underway. Throughout the season two, guest speakers who are experts in their fields will join Peter Sand, BIMCO’s Chief Shipping Analyst. ....

Adam Kent , Vandana Hari , Simon Ward , Peter Sand , Jochen Gutschmidt , Advisory Services , Maritime Strategies International , International Maritime Organization , Shipping Markets Checkpoint , External Communication , Managing Director , Global Supply Chains , Vandana Insights , Shipping Market , பண்படாமனித இயல்பு கேண்ட் , வந்தனா ஹரி , சிமோன் வார்டு , பீட்டர் மணல் , கடல் உத்திகள் சர்வதேச , சர்வதேச கடல் ஆர்கநைஸேஶந் , கப்பல் போக்குவரத்து சந்தைகள் சோதனைச் சாவடி , வெளிப்புறம் தொடர்பு , நிர்வகித்தல் இயக்குனர் , உலகளாவிய விநியோகி சங்கிலிகள் , கப்பல் போக்குவரத்து சந்தை ,