The rates in the ocean freight shipping industry are experiencing a significant upsurge and for the first time since the lockdown in 2020, container shipping rates are nearing record highs. The price hike can be attributed to several factors including limited container supply caused by rerouting around the Red Sea, strong demand in multiple regions,…
Conqueror Blog
Tag: container shipping industry
The use of TEU containers in the container shipping industry
“TEU,” or “Twenty-foot Equivalent Unit,” originally refers to a 20-foot shipping container. These days, it has evolved into a standard unit of measurement for cargo capacity in the container shipping industry. TEU containers facilitate seamless cargo transfer between different modes of transport, such as ships, trucks, and trains, thanks to their standardized dimensions. Keep reading…
Navigating the Container Shipping Industry: Exploring Varieties of Shipping Containers
The ocean freight shipping industry shoulders the responsibility of transporting a remarkable 90% of all internationally shipped goods. Despite faster delivery offered by alternative modes of international transport, they often come with a heftier price tag. Hence, when organizing an overseas shipment, the selection of an ocean container tailored to your specific requirements is paramount….
The benefits of digitalizing container operations
A recent report published by Container xChange, highlighted how the digitization of container operations can bring significant benefits for forwarders working in the container shipping industry. The report revealed that an astonishing 93% of logistics professionals who specialize in ocean freight shipping spend half of their workdays exclusively dealing with operational issues. The findings were…
A look at the top ports in Latin America
While discussing the container shipping industry, we often tend to overlook the ports of South America. The reason behind this is that none of the Latin American ports make it to the list of the top 20 ports in the world. Nevertheless, trade volume in this region has enormously expanded over the last decade and…
A report on the creation of the largest port in Europe
On 22nd April 2022, the cities of Antwerp and Bruges in Belgium signed a shareholders’ agreement to merge their respective ports. As a result, the Ports of Antwerp and Zeebrugge have become unified to form the Port of Antwerp-Bruges which is the largest port in Europe. In today’s blog, we have provided a comprehensive report…
China’s lockdowns and its impact on the global transportation and logistics industry
The extended lockdown in Shanghai- the commercial capital of China as well as the site of the world’s largest port, has spelled out a supply chain disaster that is impacting almost every country around the world. China’s strict Covid policies is not only resulting in supply chain nightmares but also leading to inflation. After Shenzhen…
A few factors that push up the rates in the container shipping industry
With container shipping being responsible for moving around 90% of international commodities, the ocean freight industry plays a major role in sustaining the modern economy. However, ever since the pandemic we can see a sharp rise in sea freight rates due to several factors like container shortage, equipment shortage, labour shortage, port congestion, etc. In…
How China is emerging as a leader in the ocean freight shipping industry
Years of economic development have positioned China as one of the foremost players of international maritime trade. Several factors like enhanced maritime connectivity, government prioritization, development of port infrastructure, etc. have generated fantastic economic benefits for the country. Simply put, in 2022 we are seeing a massive influence of the Chinese ports over the global…
Direct container ship between Chattogram to Europe will open up new horizons for the container shipping industry in Bangladesh
The movement of direct container ships between Bangladesh to Europe will breathe in a new life to the container shipping industry in Bangladesh. The first ship on this route is all set to leave Chattogram for the Italian Port of Civitavecchia in the first week of February. In today’s blog, we will plunge into the…