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….
Conqueror Blog
Tag: ocean freight shipping
Outlook for the Ocean Freight Shipping Sector in 2024
In the volatile ocean freight shipping, the years since 2020 have been a tumultuous journey. Moreover, with the remarkable rate hikes of early 2022 and the unprecedentedly low prices witnessed in 2023, sea freight forwarders are keen to unravel the uncertainties that lie ahead in 2024. Will there be a resurgence for container vessels, or…
Navigating the logistical challenges of Chinese New Year: A guide for international freight forwarding companies
The Chinese New Year, alternatively referred to as the Lunar New Year or Spring Festival, stands as the most important holiday in China, carrying immense cultural significance. However, for international freight forwarding companies, this celebration introduces distinct logistical challenges. During this period, production decelerates, operations face limitations, schedules experience disruptions, and transportation delays ensue, resulting…
How xChange Insights can help freight forwarders make better container shipping decisions
In the container shipping industry, one significant pain point for independent freight forwarders is the accessibility of real-time container data. To better comprehend the challenges faced by companies in this sector, Container xChange conducted a comprehensive survey involving over 250 participants, including container traders, freight forwarders, and NVOCCs. The results revealed that a significant majority…
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…
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…
The most expensive port projects undertaken in the last year
Since the start of last year, there have been over 80 important port construction projects. The net investments in these projects amount to over $39 billion. The new investments came at a time when the global ocean freight shipping industry was reeling under the impact of a pandemic, labour shortage, container shortage, and lack of…
Autonomous Cargo Ships and the Future of the Container Shipping Industry
Last week, the container shipping industry was abuzz with excitement regarding the news of the world’s first electric autonomous cargo ship. Over the last decade, the idea of self-driving vehicles has transformed from a Sci-Fi project to reality. Now the transportation and logistics industry is waiting for the next giant leap- viz the introduction of…