© 2020 GlobalMaritimeHub | All Rights Reserved
Blank sailing trends will persist due to oversupply and import demand uncertainty, affecting capacity and trade routes. 1. Ocean carriers continue to add more blank sailings on the Asia – North Europe and the Mediterranean route during the Chinese Golden week and beyond that for the whole of October. 2. We anticipate a notable rise in blank sailings in the fourth quarter of 2023 on routes from Asia to North Europe and the Mediterranean. 3. Analysis of the YTD blank sailings data (refer to the analytical piece) 4. Blank sailings analysis for Golden Week and thereafter. Source: Container xChange
For the 10th year in a row, Singapore ranks first in the Xinhua-Baltic International Shipping Centre Development Index (ISCDI) Report. Published jointly by Chinese state
Back-to-school shopping is booming, with projected spending of $41 billion, surpassing pre-pandemic levels. This surge is fueling optimism in the container transportation sector, with import cargo volume expected to reach 2 million TEUs in September and October. The China to U.S. trade route has seen a significant surge in Container Leasing Charges, with six of the top seven most expensive routes belonging to this lane, signaling strong demand and potential future challenges.
Long-term ocean freight rates continued to fall in August, marking the 12th consecutive month of declines for carriers struggling to balance weak demand with rampant overcapacity. Which trade lanes are up against the ropes, and which appear to be punching above their weight?
The purpose of this commentary is to suggest a rough estimation of future exports and corresponding fuel consumption of the Saudi shipping sector up to 2040. For estimation purposes, we use two assumptions: (1) a global average energy intensity of 0.078 megajoules per tonne-kilometers (MJ/tonne-km). And (2) an average export distance of 5,441 nautical miles (nm) between Saudi Arabia and export trading partner countries.
This report outlines the most pressing challenges the coastal shipping sector currently faces and provides governments and policy makers with concrete actions to help address them. Coastal shipping – maritime transport that takes place between ports on the same continent – represents around half of the global shipping market. It is also crucial to the connectivity of island regions and regional development. Decarbonising coastal shipping presents both challenges and opportunities, as does the growing concentration of ownership in the maritime transport sector.
SIGN UP to receive our free weekly newsletter with new shipping market reports, presentations & analysis! EVERY THURSDAY!