Containers
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Unabated Red Sea crisis propels new surge in global container rates
This week, both the Shanghai and Drewry container rate index have experienced significant surges. Even so, they have now come in below market quotes for departures in the latter half of May
Transpacific contract rates win lift from higher spot market
Spot rates may have fallen back from the peaks, but carriers have prevented them falling below Red Sea-crisis levels. That has helped them secure higher rates in this year’s transpacific contract negotiations
Ships should not be attacked on the basis of an owner’s passport
The Houthis have no business launching missiles at ships at all, let alone singling out Mediterranean Shipping Co because one of its shareholders is an Israeli national
Türkiye to lose major seaborne trade partner with Israel ban
Turkish embargo to hit containerships, bulkers and general cargo vessels
Panama Canal rebound continues as transits rise again in April
An increasing number of VLGCs are transporting US LPG to Asia via the neopanamax locks, while the panamax locks are seeing more chemical tankers, dry bulk ships and general cargo vessels
Houthis’ east Mediterranean threat should be taken with pinch of salt
Attacks have so far been concentrated in the southern Red Sea and Gulf of Aden. Accurately targeting vessels far away from Houthi-controlled territory would be difficult, but the underlying warning should not be dismissed
The week in newbuildings: Top-tier containership operators plan more orders
Evergreen and Cosco are said to be at advanced stages in ordering additional containership newbuildings in China
Colombo cashes in on Red Sea rerouting at expense of Saudi majors
Transhipment traffic may have ground to a halt in the Red Sea, but Sri Lanka’s hub-and-spoke specialist has reaped the rewards of the trunk liner trades’ southern migration. For ships rerouting around the Cape of Good Hope, Colombo is positioned as an unrivalled wayport option for Middle East and Indian subcontinent cargoes
The Lloyd’s List Podcast: What happens next for containers?
Unpacking the box market. Lloyd’s List containers editor James Baker and Xeneta chief analyst Peter Sand guide you through the current situation in the container market and the outlook for the quarters ahead
How El Niño collided with neopanamax locks’ thirst for fresh water
Good news: A new study claims Panama Canal disruptions caused by passing El Niño effect. Bad news: The neopanamax locks have forever changed the canal’s water consumption equation for the worse
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Latest From Ports and Logistics
Former SIPG president faces prison for $5m bribery
If convicted, Yan may face a long prison sentence. His former superior at SIPG, Chen Xuyuan, was sentenced to life in prison by another Chinese court in March
Record boxship capacity already delivered in 2024
A low demolition rate means the world’s container fleet has already grown significantly in 2024, on top of growth recorded in 2023
Cosco insists on exclusivity status despite Peru terminal backlash
Cosco Shipping Ports has proposed the Peruvian government to open an ‘institutional dialogue channel to resolve the controversy’
More from Containers
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Latest From Containers
Ships should not be attacked on the basis of an owner’s passport
The Houthis have no business launching missiles at ships at all, let alone singling out Mediterranean Shipping Co because one of its shareholders is an Israeli national
Türkiye to lose major seaborne trade partner with Israel ban
Turkish embargo to hit containerships, bulkers and general cargo vessels
The Lloyd’s List Podcast: Is NYK betting too much on decarbonisation?
The Lloyd’s List Podcast moves to Japan this week, where NYK chief executive Takaya Soga shares his insights on why helming the shipping group is like swinging at baseballs
Unabated Red Sea crisis propels new surge in global container rates
This week, both the Shanghai and Drewry container rate index have experienced significant surges. Even so, they have now come in below market quotes for departures in the latter half of May
Former SIPG president faces prison for $5m bribery
If convicted, Yan may face a long prison sentence. His former superior at SIPG, Chen Xuyuan, was sentenced to life in prison by another Chinese court in March
Houthis are targeting MSC due to perceived Israeli affiliation
The latest string of Houthi attacks targeting more MSC ships has been justified by the Yemeni militants on the basis of a perceived, but erroneous link to Israel
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