World Container Index Down By 1.5%
Drewry’s composite World Container index decreased by 1.5% to $9,050.77 per 40ft container this week.
Drewry’s detailed assessment for Thursday, 2 December 2021
The composite index decreased 1.5% this week, but remains 196% higher than...
Gibson Tanker Report – South Of The Border
Latin America has historically been home to both a large population and large refining base. However, decades of underinvestment and economic turmoil, coupled with overseas competition has seen regional players struggle to service domestic...
Will China’s Low Birth Rate Jolt The Global Economy?
China, the world's most populous country, may soon run out of labour as reported by Business Insider.
Economic status
It's been a rocky year for the Chinese economy, what with the Evergrande crisis and COVID cases...
Ample Coal Supplies Compete With More Expensive LNG in China
Nov LNG shipments to China slip, reversing usual Nov uptrend.
Chinese buyers turn to piped gas and term imports instead.
A Reuters news story states that By Jessica Jaganathan and Chen Aizhu China pares...
“K” LINE Gets VSPS Certification for Car Carrier
"K” LINE has obtained certification of “Vessel Seasonal Pest Scheme” (VSPS) from Australia Department of Agriculture, Water and Environment for car carriers under “K” LINE’s operation on November 18th, 2021.
The Australian Government...
Why Long-term Shipping Contract Costs More Than 400%?
Shipping industry officials told a committee on Wednesday that the global supply chain crunch has pushed long-term shipping contract costs up more than 400%.
Alongside this, with costs and demand rising, and supply...
Forwarders Feel the Brunt of Mismatch Between Demand and Supply
Shippers with ‘unreasonable’ expectations are causing headaches for forwarders – big and small.
Exhausted forwarders have told The Loadstar the job is currently extremely stressful.
It is particularly in the air cargo peak,...
Booking Online Via Maersk Spot Has Left Forwarders In Limbo
Maersk’s forwarding and NVOCC customers are being targeted by competitor lines.
As the Danish carrier prepares to restrict their bookings to its online Maersk Spot platform next year.
Meanwhile, container spot rate indices, the...
[FAQ] How Spark Erosions Detriment a Ship’s Main Engine?
Onboard ships, many automation systems are used to ensure that the machinery runs efficiently and smoothly. However, machines continue to malfunction, owing to the crew's lack of expertise about the system in question. As...
What are The New Travel Rules Amidst Soaring Omicron Cases?
The Omicron variant is “spreading pretty rapidly” across the UK and new travel rules will be too late to prevent a potential wave of infections, one of the government’s scientific advisers has said, reports...