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Red Sea attacks reveal supply chain fragility

Red Sea attacks reveal supply chain fragility
freightwaves.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from freightwaves.com Daily Mail and Mail on Sunday newspapers.

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Container shipping rates: Still sky high but falling back to Earth | Hellenic Shipping News Worldwide

It’s still very expensive to ship containers full of goods across the oceans. Spot rates globally are still more than quadruple pre-pandemic levels. But rates are now materially lower than they were a few months ago and falling by the week. The Shanghai Containerized Freight Index (SCFI) logged its 15th consecutive weekly loss on . ....

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Shanghai lockdown is not causing global supply chain chaos (yet) | Hellenic Shipping News Worldwide

First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai site of the world’s largest port is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai is no Wuhan . ....

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MSC surpassed Maersk as the world's largest shipping line — Quartz

Mediterranean Shipping Company now has more cargo capacity than Maersk, ending Maersk's 25-year-reign as the world's largest shipping line. ....

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How to make a billion when your ships are stuck at anchor | Hellenic Shipping News Worldwide

Ocean carrier Zim, by far the largest U.S.-listed shipping company by market cap, just blew away the profit forecasts. Again. But it’s not all smooth sailing. The Israel-based shipping line (NYSE: ZIM) is particularly exposed to the trans-Pacific trade lane, where port congestion is now having an extremely negative effect on volumes. Ship scheduling data . ....

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