Global container shipping hit a record in Q3 2024, moving 47 million TEUs which is 2% higher than the previous peak set during the pandemic period in 2021, according to John McCown of Blue Alpha Capital. Data from Container Trades Statistics (CTS) shows that global volumes for the first nine months reached 136.7 million TEUs,
Canada’s busiest ports have resumed operations after labor disputes disrupted container flows. On 14 November, the Canada Industrial Relations Board ordered an end to union worker lockouts and mandated binding arbitration in ongoing contract disputes. Earlier, port employers had locked out union workers on both coasts due to strike actions. The Vancouver Fraser Port Authority
The China-Mexico trade route has grown rapidly in 2024, with shipping volumes up 18.9% in the first nine months compared to 2023, according to Xeneta. June saw a record 135,724 TEUs moved between the two countries. This rapid growth has driven significant rate volatility. Spot rates on the China-Mexico West Coast route peaked six times
Hapag-Lloyd said there could be a potential for a cargo surge ahead of the Lunar New Year in January 2025, driven by shippers trying to avoid potential new U.S. tariffs on Chinese goods under the incoming Trump administration. Hapag-Lloyd CEO Rolf Habben Jansen said the demand spike is possible, but noted it was too early
The International Longshoremen’s Association (ILA), representing 45,000 workers at East and Gulf Coast ports, has ended contract negotiations with the United States Maritime Alliance (USMX) over the proposed use of semi-automated equipment. The ILA argued that the proposed technology would eliminate union jobs. “USMX introduced language in their proposal for semi-automated equipment to be used
Brazil’s main ports are grappling with reduced capacity as peak season winds down, leading to skipped port calls, rerouted cargo, and delays in vessel schedules. Exporters are facing difficulties securing empty containers as ports prioritize clearing backlogs. The Port of Santos has reached operational capacity, and ships have been forced to skip berthing windows or
Senior air cargo executives have urged a balanced approach toward the booming e-commerce sector, stressing the importance of maintaining relationships with traditional customers. There was agreement among industry leaders at TIACA’s Air Cargo Forum in Miami that long-term growth depended on supporting traditional clients and ensuring capacity remains available for them. The head of cargo
Container shipping faces potential overcapacity according to market outlook assessments. S&P Global reported that carriers expect a 9% growth in capacity against a 3% rise in cargo volume in 2025. BIMCO’s forecast indicates capacity could expand by 16%, while cargo volumes may grow only 4-5%. Despite these figures, Maersk CEO, Vincent Clerc said concerns over
In September, global schedule reliability reached the lowest level the industry has seen in 24 months, declining 1.2 percentage points to 51.4%. Schedule reliability has remained between 50% and 55% in 2024 but has been trending downward since May. Nonetheless, low levels of volatility in schedule reliability in 2024 have afforded shippers a reasonably good
Ocean carriers at ports in Mexico and Central America are adjusting services and building contingencies to maintain schedule integrity. Carriers and forwarders attribute the challenges to high trade volumes, particularly from Mexico. In response to chronic port congestion and berthing delays at key ports in the region, Maersk and CMA CGM have adjusted their service
Shipco Transport © 1997 – 2024. All Rights Reserved