May 3, 2021
— Drewry believes there is sufficient equipment in the fleet to support trade and its growth, it is just that the containers are in the wrong places. Meanwhile, demand for new equipment continues to soar, and not just to cater for demand – as general rule, containers have a 15-year life and a large tranche of boxes delivered between 2005 and 2009 are coming to the end of their operational lives.
Apr 20, 2021
— The knock-on effects of the blockage of the Suez Canal is likely to impact North Europe supply chains until June. Container hub ports that used the week-long lull from ship arrival delays to prepare their landside facilities for the box onslaught are now “full to the brim”, according to a carrier source.
Apr 19, 2021
— New analysis from Danish consultancy Sea-Intelligence shows just how much North America is to blame for the severe equipment imbalances challenging the global container shipping industry. The continent’s comparatively slow handling of containers has long been a source of supply chain pain and a leading cause of empty container shortages in Asia, but never to the extent recorded today.
Apr 15, 2021
— According to Rakesh Pandit, CEO of Conbox Logistics: “Not only are European shipments running late, but we’re seeing a lot of cancelled bookings placed in March from countries such as Italy, Turkey and Spain – we have a backlog of 300 teu from Europe to India in just the last 10-days.”
Mar 30, 2021
— Shippers and consignees need to brace themselves for a significant increase in US warehousing costs, according to real estate giant CBRE. It warned that rampant demand, coupled with tight supply and rising construction costs, could drive up warehousing rents by 10% this year.
Mar 29, 2021
— Bangladesh is freeing-up of hundreds of containers that have remained undelivered for years and occupy valuable space at Chittagong port and depots. Shipping agents said the latest move would put some 300 containers back into circulation.