The ocean freight shipping industry is responsible for the transportation of a staggering 90% of all internationally shipped goods. Although other modes of international transport offer faster delivery, they come with higher costs. When organizing an overseas shipment, it is crucial to choose the appropriate ocean container that suits your requirements. Selecting the correct…
The capacity crunch in the ocean freight industry during the three years of the pandemic compounded the existing uncertainties and eventually resulted in a perfect storm for shipbuilding markets. All the players in the container shipping sector started ordering more container ships than ever before. As per an estimate by Maritime Strategies International (MSI), with…
The ocean freight industry is currently going through a massive transformation and since the abatement of the pandemic, it is now all focused on dealing with the threat of climate change through the green transition. Moreover, the changes in this sector are also taking place because of other factors such as the introduction of new…
In 2021 we have seen a drop in the use of TEUs or 20-foot equivalent units. The Chinese manufacturers have been strongly favoring the use of FEUs or 40-foot shipping containers which in turn has threatened the future of the 20-foot containers. Although they have traditionally been a standard in the industry, the TEUs are…
Yara and tech company Kongsberg have created the ship YARA Birkeland which is all set to become the world’s first crewless cargo ship with zero carbon footprint. Finally, the container shipping industry has taken the next giant leap- viz the introduction of autonomous cargo ships. Although the concept of a self-steering cargo ship might sound…
The container shipping industry is experiencing extreme challenges and volatility since 2020 and with the gradual withdrawal of the pandemic restrictions in 2022 sea freight forwarders were expecting a semblance of market stability. Nevertheless, the situation unfolding is not very hopeful for the ocean freight industry. The sector is still having to contend with global…
Following the COP 26 UN Climate Change Conference, port authorities around the world are working to create zero-carbon emission shipping corridors. The Port of Los Angeles and the Port of Shanghai are the first international ports to team up for the creation of a ‘green shipping corridor’. This corridor on one of the world’s busiest…
The year 2022 could be a profitable one for people working in the container shipping industry. The abatement of the pandemic is expected to make the shipping scenario more stable than in the last two years. The international container export volume is predicted to rise by around 2-3% in 2022. This is not only because…
The ongoing delays and blank sailings, the container shortage and lack of capacity, along with the rising demand for ocean freight from Asia to the USA have resulted in soaring freight rates. The increasing sea freight rates and the container crisis have generated a global supply chain disruption across industries. This has had a considerable…