News

Shippers hail transformational potential of new Maersk/Hapag-Lloyd ‘Gemini’ partnership promising 90% service reliability

The container shipping schedule reliability targets promised by Gemini Cooperation, the new Maersk and Hapag-Lloyd partnership which will start operating services in February 2025, have the potential to be transformative for customers and carrier alliances, according to leading shippers. “I think it’s doable and I think it will then...

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Shippers turn to US West Coast terminals to avoid threat of union action and Panama and Suez Canal container shipping disruption

Some container traffic that migrated to US Gulf and East Coast ports in recent years is now being switched back to West Coast gateways by retailers and forwarders desperate to avoid supply chain disruption. Low water on the Panama Canal and the de facto closure of the Suez Canal...

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Shippers should expect more service disruption in 2024 as container lines seek to manage oversupply and limit losses, says leading shipping analyst

Philip Damas, Managing Director of Drewry Shipping Consultants and Head of Drewry’s Supply Chain Advisors practice, also told the latest episode of The Freight Buyers’ Club podcast that shippers negotiating new long-term ocean freight contracts should carefully scrutinise surcharges as well as rates. Container lines will use a variety...

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Container shipping lines have over-ordered vessels, but vertical consolidation strategies make sense, claims former chairman of Evergreen and Yang Ming

Container shipping CEOs have killed the golden goose by ordering too many ships, and also might need to re-examine the type of vessels best suited to a more regional world dominated by geopolitical tensions, according to the former chairman of two of the world’s leading carriers. Bronson Hsieh, former...

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India’s share of global manufacturing and exports forecast to rapidly expand

India is poised to become a major global manufacturer and exporter as multi-nationals seek alternatives to China and investment transforms trade processes and logistics infrastructure, according to senior trade experts and practitioners. Speaking on the latest episode of The Freight Buyers’ Club podcast, produced with the support of Dimerco...

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‘Whipsaw effect’ on demand and investment will result in consolidation and bankruptcies across freight markets, says leading analyst

Heavy investment at the height of the pandemic has created excess capacity across freight markets and modes of transport, both in the US and globally, according to Paul Bingham, Director of Supply Chain Transportation Consulting, S&P Global Market Intelligence. Now demand is softening, this is exposing the financial vulnerability...

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