In our last blog, we have discussed several reasons that are leading to delays in the container shipping industry. The container shipping industry is preparing for renewed chaos, disruption, congestion, and backlogs as Shanghai restarts its manufacturing and supply chain operations after two months of strict lockdown. A recent survey by Container xChange suggests that…
The carbon footprint of the ocean freight industry is nothing short of massive and this fact is well acknowledged by the shipowners. Diesel-powered freighter ships are responsible for moving around 90% of the global cargo. This surely explains how the international economy is reliant on the use of carbon-emitting vessels. Moreover, most container ships use…
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…