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Shipping lines slash May container capacity, extend cuts well into June
Container capacity on all major trade lanes has been severely reduced, with the deepest cut planned for Asia – Red Sea at 14%. The world’s most active trade lane has taken a 10% haircut, while Asia – US West Coast has been dialed back 8%. The cuts extend well into June, and in some cases […]
Tags: capacity cuts, Container, containerships -
Global Missed Port Calls Rise With Coronavirus
Container ship visits to Chinese ports, measured both in number of vessels scheduled to call and their cumulative capacity in twenty-foot-equivalent units (TEU) plunged in late January and early February – largely due to the normal seasonal downturn associated with Chinese New Year being exacerbated by the onset of the coronavirus. At the same time, […]
Tags: cargo, china, Container, container shipping, containers, coronavirus, data, missed port calls, port calls, Shipping, trade wars -
Container Data Reflect Negative Impact of US-China Trade War
The signing of the Phase One trade deal between China and the US is welcomed, as the latest trade flow volumes highlight the negative impact that the trade war has had on container trade between the two countries. Figure 1: Top country to country flows between US and Asia. Bars display the level of TEU […]
Tags: china, Container, container shipping, Shipping, tariffs, trade wars, US -
Missed port calls by container vessels offer early insight into economic slowdown
The effect of the coronavirus outbreak on world trade is yet to become clearly visible in shipping data, but there are already signs of a slowdown. The number of missed port calls – scheduled port visits that are skipped by the vessel – is one way to measure the immediate impact of a slowdown in […]
Tags: Container, container shipping, port calls, special -
Khalifa Port – Behind Its Container Volumes Surge
Khalifa Port has seen its volumes jump on the back of concession agreements with COSCO Shipping Ports and Mediterranean Shipping Company. This growth will continue and undoubtedly grow stronger when COSCO’s and MSC’s terminals open properly for business at the port. Growth in China’s Belt and Road strategy, along with Khalifa owner Abu Dhabi Ports’ […]
Tags: china, Container, containers, COSCO, Khalifa, MSC, Shipping, teu -
US-China Trade War Leads to Rise in Illegal Trade
The surge in Vietnamese exports to the United States as shippers seek to escape the effects of the US-China trade war appears to include illegal rerouting of goods by some Chinese exporters. This cottage industry came to light in June when Vietnam accused Chinese firms of deploying illegal ‘Made in Vietnam’ labels to sidestep US […]
Tags: china, Container, taiwan, Trade, trade war, Trump -
China and US tariffs lead to South East Asia trade surge
The impact of US and China tariffs has led to a shift in manufacturing from China to Southeast Asia – and as the trade war rages on, this movement is likely to become more pronounced. According to the US Census Bureau, US tariffs have been imposed on US$250 billion of Chinese goods by the end […]
Tags: china, Container, container shipping, containers, exports, imports, tariffs, Trade, U.S., US -
Brexit: aggressive French prep
In this period of uncertainty resulting from the forthcoming Brexit, the members of the European Union are trying to prepare their countries for the worst. Last week, French Prime Minister Edouard Philippe announced a $56 million “hard Brexit” contingency plan in case the UK leaves the EU without a deal or with a hard Brexit […]
Tags: Brexit, Container, container shipping, containers, EU, France -
Felixstowe Overview
On the 10th of June this year , Hutchison Port Holdings HPH introduced a new terminal operating system: nGen at their Felixstowe container operation. There followed a series of severe delays and diversions to vessels calling the port. Despite repeated assurances that this was a temporary issue related to “system communication inconsistencies within the container […]
Tags: Container, container shipping, containers, Shipping