Day: July 15, 2024

According to Linerlytica, freight rates may have peaked and are leveling off. The company said new shipping capacity into the U.S. West Coast, North Europe, South America, and the Middle East has reduced pressures on these routes. Meanwhile, Linerlytica projects freight rates will stay high until the peak season ends in September. According to Linerlytica,

Independent container shipping services are gaining more market share on major East-West routes. Over the next three months, about a third of Trans-Pacific trade services offered will be outside of vessel-sharing agreements (VSAs), Sea-Intelligence said. Alan Murphy, Sea-Intelligence’s CEO, said that on the Asia-North America West Coast trade lane, nearly 30% of shipping capacity will

Adding UK port stops on Asia-Europe trade routes might help shipping lines avoid high EU carbon taxes. Lars Jensen, CEO at Vespucci Maritime, noted that adding the UK as a port of call before or after entering the European Union (EU) has carriers paying less ETS carbon tax. Under the Emissions Trading System (ETS) rules,

Independent container shipping services are gaining more market share on major East-West routes. Over the next three months, about a third of Trans-Pacific trade services offered will be outside of vessel-sharing agreements (VSAs), Sea-Intelligence said. Alan Murphy, Sea-Intelligence’s CEO, said that on the Asia-North America West Coast trade lane, nearly 30% of shipping capacity will