FREIGHT NEWS

Containership owners still striking gold in carrier rush to secure charters
Containership owners still striking gold in carrier rush to secure charters

With the exception of a few containership owners that are enjoying eye-watering short-term charters, most non-operating owners have chosen to fix their ships on lengthy periods with ocean carriers at highly elevated daily hire rates.

Containers are being built at a record pace. It’s still not enough
Containers are being built at a record pace. It’s still not enough

When will the container capacity crunch finally ease? For an early indicator, keep an eye on production of the humble 40-foot dry cargo box. If the volume and cost of new containers pull back, supply chain pressures are abating.

2 Port Houston terminals remain closed due to hardware failure
2 Port Houston terminals remain closed due to hardware failure

Port Houston halted operations Tuesday at its two main public container terminals due to a major hardware failure, officials said.

Port of Jacksonville is building for the future
Port of Jacksonville is building for the future

Compared to most ports in the United States – particularly the ports along the Eastern Seaboard – the Jacksonville Port Authority (JAXPORT) is a relatively new entity. It was created by a special act of the Florida Legislature in 1963 to develop, maintain and market Jacksonville’s port facilities.

Yard density and container delays force Antwerp terminal to set cargo opening rule
Yard density and container delays force Antwerp terminal to set cargo opening rule

Port of Antwerp's MSC PSA European Terminal (MPET) has decided to implement a Yard Opening Time (YOT) scheme for all containers delivered at Q1718 and Q1742.

Chittagong port yards face severe box congestions in lockdown
Chittagong port yards face severe box congestions in lockdown

The ongoing lockdown in Bangladesh has started taking a toll on the shipping sector, especially on port yards, creating severe congestion as importers are hardly taking delivery of containers.

Hapag-Lloyd increases prices to Australia
Hapag-Lloyd increases prices to Australia

Hapag Lloyd has announced new rates for Australian destinations that will take effect in the next months.

Containers continue to triumph
Containers continue to triumph

The container market continues to impress with record-breaking rates and ordering never seen before.


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