Total 17 Posts
US port gridlock growing despite improvements in LA/LB
Container freight rates ended the year at record highs, with both the CCFI and SCFI rate indices reaching hitherto uncharted territories. The CCFI was up 102% at year end, and 166% on average over the full year 2021 as vessel capacity was tight throughout the year due to persistently high demand and soaring port congestion. Although the global containership fleet grew by 4.5% to reach 25.13m TEU by the end of 2021, the effective capacity shrank as a result of port congestion and longer port sta
Although spot freight rates to North Europe have declined from their peak in January 2021, various carriers are adding ad-hoc sailings on this route using MPP tonnage
2020 turned into the strongest year ever for container shipping, with soaring freight rates breaking all previous records.
ZIM will make a bid for its long-delayed initial public offering (IPO) after 3 previous unsuccessful attempts in 2008, 2011 and 2015.
Full list of record holders since 1956. The record is currently held by HMM ALGECIRAS delivered on 24 Apr 2020.