Reducing greenhouse gas emissions in the maritime sector is more urgent than ever. With the ocean freight shipping industry responsible for a significant portion of global emissions, comprehensive regulations and policies are essential to drive the transition toward a greener future. A recent study by DNV sheds light on the current regulatory landscape, focusing on…
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,…
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….
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…
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…
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…
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…
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…
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…
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…