Containers
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This time it’s different: No backhaul box rate upside from Red Sea effect
Container shipping investors may be putting too much weight on spot indexes. Not only does the current spot rate spike exclude contract coverage, it also excludes backhaul lanes, which are not seeing any of the gains they did during the pandemic
Containers: Generation [bo]X — tales for an accelerated cycle
The container shipping sector entered the year on a downcycle. It looks likely to end the year in the black, as the old nemesis of congestion comes back to haunt
This time it’s different: No backhaul box rate upside from Red Sea effect
Container shipping investors may be putting too much weight on spot indexes. Not only does the current spot rate spike exclude contract coverage, it also excludes backhaul lanes, which are not seeing any of the gains they did during the pandemic
Supreme Court ruling could make it harder for FMC to fine carriers in future
The US Supreme Court recently ruled that the Securities & Exchange Commission cannot sidestep a trial by jury in a federal court when seeking civil penalties. Could this ruling someday apply to the Federal Maritime Commission, hampering its power to enforce the Shipping Act?
Box sector nervously eyes more volatility to come
Freight rates slipping in what should be peak season will be ringing alarm bells for the lines, but the current market glitch is not yet about demand, it’s about supply
Improving shipboard cuisine: A crucial ingredient in retaining seafarers
As fewer people are choosing a career at sea, as well as decent internet connectivity and higher standards of shipboard accommodation, improving the standard of dining on board cargoships can be a key element in improving shipboard life and help retain crew
Houthi threat leads to rise in dark transits across Indian Ocean and Arabian Sea
Navies and other maritime administrations recommend vessels disable or at least strongly consider disabling AIS when in the vicinity of the established threat area, but security analysts warn this does not guarantee protection against attacks
What does Ursula von der Leyen’s re-election mean for shipping?
European shipping, and shipping in general, should benefit from a strong EU policy focused on growth and securing competitiveness. But the delicate political coalition of forces Ursula von der Leyen secured to deliver her second five-year term are going to face headwinds and her promise to deliver comes with big caveats and even bigger question marks over the funding gap
Red Sea attacks set to boost liner profits in second and third quarters
Diversions around the Cape of Good Hope caused spot container freight rates to spike. While most of the carriers’ volume is on contract, not spot, financial data confirm that carriers are indeed capturing the upside
Box rates still historically high, but more ‘cracks’ and peak signals emerge
Is this the top for container shipping spot rates? On one hand, supply and demand fundamentals argue it is. On the other, there are potential non-fundamental factors that could hypothetically push rates higher
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Latest From Ports and Logistics
EU starts corruption probe into Cyprus LNG project
The European Public Prosecutor’s Office is investigating the stalled Vasilikos LNG terminal in Cyprus over alleged procurement fraud, corruption and misappropriation of EU funds
Port delays could cut CII by two ratings, new report shows
ICS submitted findings to the IMO to help the UN agency during its CII review
This time it’s different: No backhaul box rate upside from Red Sea effect
Container shipping investors may be putting too much weight on spot indexes. Not only does the current spot rate spike exclude contract coverage, it also excludes backhaul lanes, which are not seeing any of the gains they did during the pandemic
More from Containers
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Latest From Containers
London H&M rates flat and set to soften, argues Gallagher
Firm detects ‘inevitable downward pressure on rating, especially for the most well-regarded fleets and sought-after tonnage types’
Shipbuilding braces for order decline as LNG carrier demand cools
China leads in the share of newbuilding orders, as price competitiveness and a narrowing gap in government-backed technological progress have helped it overtake South Korea
This time it’s different: No backhaul box rate upside from Red Sea effect
Container shipping investors may be putting too much weight on spot indexes. Not only does the current spot rate spike exclude contract coverage, it also excludes backhaul lanes, which are not seeing any of the gains they did during the pandemic
SiriusPoint unveils ‘strategic’ marine insurance relationship with HMA
Move is part of New York-listed speciality insurer’s aim to grow across marine market this year
Cape of Good Hope transits down again as weather batters South African coast
Bad weather has seen transits round the Cape of Good Hope fall, with containerships and bulk carriers in particular avoiding the region
August shutdown looms for Canada’s west coast ports
A coast-wide strike is on the cards again for Canada’s west coast ports. ILWU 514 told the employers’ association, the BCMEA, that it will conduct strike votes across its membership, and will finish these on August 9 at the earliest — coinciding with when labour tribunal hearing regarding the BCMEA-ILWU dispute is set to conclude
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