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World Container Index Steady This Week, but remains 224% higher than a year ago.

Drewry is a leading international provider of research and consulting services to the maritime and shipping industry. DATE : 25/11/2021.

Spot freight rates by eight major routes - East-West trades: (Per 40ft container).

Drewry, 25/11/2021.

  • Hundreds of thousands of empty containers are filling marine terminals and truck yards across USA.

    The boxes are the result of an import surge in 2020-2021, as consumers switched spending from services to goods during the Covid-19 pandemic. An increase of 30 % compared with earlier years, according to the analyst firm Beacon Economics. The container- ships have been rushing back to Asia, without taking empty boxes in return, because of profit reasons. Now they say they will take empty boxes in return, after political pressure and new expensive terminal storage fees on boxes.(27/11/2021).

  • PANIC GROWING IN GERMANY. Possible shortage of AdBlue. 90 % of diesel trucks and buses need Adblue allowing to start their engines.

    Due to high gas prices, the chemical industry in Germany is reducing production, which could have a direct impact on the production of AdBlue. AdBlue prevents nitrogen oxide emissions. Logistics companies are already warning of a possible shortage, and Transport Minister Andreas Shoyer, proposes the creation of state AdBlue reserves. Supplies to the population may no longer be fully maintained in the near future. (16/11/2021).

  • US inflation in historic numbers.

    Chart from Bloomberg, showing inflation from 1945 to October 2021.

  • China has overtaken Japan to become the No. 1 ship owning nation with assets of over $191 billion.

    “China owns the largest number of containers and, consequently, the recent surge in rates and values has moved them up the ranks to top spot in terms of fleet value,” VesselsValue, a leading online valuation and market intelligence provider for the aviation and maritime industries, said in its latest report. (25/11/2021).

  • The Boxship Orderbook :(By Clarksons Shipping).

    Against a backdrop of exceptional market conditions, containership newbuild ordering has reached record levels so far in 2021. As a result, the orderbook has expanded sharply, and by the start of October totalled 5.6m TEU, equivalent to 23% of the existing fleet. Large ships of over 12,000 teu make up 75% of these orders.
    (Date : 10/11/2021).

  • Airbus foresees demand for 2,440 freighters (880 new build) by 2040, in the global air cargo market.

    “Cargo demand, boosted by e-commerce, is driven by an expected growth in express freight of 4.7 percent per year and a general cargo (representing about 75 percent of the market) growth of 2.7 percent,” the Airbus release reads. In the next 20 years, Airbus forecasts demand for air transport to progressively shift from fleet growth to the accelerated retirement of older, less fuel-efficient aircraft. (Date : 15/112021).

  • Maersk buys German airfreight company Senator International. Senator has built operations around its own controlled capacity using 19 weekly flights across its network.

    Senator will contribute with offerings within air freight out of Europe into the USA and Asia. To operate and manage this added capacity, the cargo airline Star Air – the internal air cargo operation of Maersk established in 1987 - will become a key vehicle supporting Maersk’s logistics offering. Star Air operates a fleet of 15 aircraft. (Date : 10/11/2021).

  • Maersk pioneers first block train from Vietnam to Europe for Decathlon S.A.

    Maersk’s first dedicated block train from Vietnam to Europe left Hanoi station with twenty-three 40-foot containers are on their way to Zhengzhou, China, and from there go to Liège, Belgium directly carrying the latest products for the french Decathlon S.A., one of the world's largest sporting goods retailers. (August-21)

  • Containerships with the first regular voyages on the Northern Sea Route in 2022.

    “Already next year, we must open the first regular voyages with goods, including containers, between Vladivostok and St.Petersburg, in order to test out route and establish a goods basis.”. Putin said on Eastern Economic Forum, date 3/9-21.
    The route will be up to 14 days faster than the southern route via the Suez Canal. Russia is determined to make the route operational year-round. (September -21).

  • Russia clarifies subsidies for Containerships to sail on regular Northern Sea Route.

    The building of the new nuclear Leader-class icebreakers will be a key component in the process. Currently, ships make trans-Arctic voyages on the route only about eight months of the year because of the complicated sea-ice. The new ships will be twice as powerful as the country’s current nuclear icebreakers. Subsidies will cover the escort costs, in the first years. (September -21).

  • Maersk makes Asia-Europe AE19 ocean-rail service permanent

    A short-sea and intercontinental rail product, which connects several origins in Asia with ports in Northern Europe, on weekly basis. The last leg of the product is another short-sea connection between St. Petersburg and majot ports in Europe.
    This route is fast and cost-competitive. (May-21)

  • Maersk moves first-ever east-west containerised rail cargo in India.

    Building an end-to-end solution for one of the largest exporters of iron pipes, Maersk moved a Doha-destined cargo on a dedicated train from Kolkata to Nhava Sheva port, this was the first time that such a movement took place from the east coast of India to the west coast, and then connecting the cargo to the required vessel. (June-21).

  • Maersk to pioneer a first-ever block train from Japan to UK via Trans-Siberian railway

    Maersk arranges a block train from Yokohama in Japan to UK carrying sportswear and accessories. Transit from Asia to Europe via Russia is becoming a more and more attractive alternative to shipping goods via the Suez Canal, even for such sea-borne routes as Japan to the UK.
    Transit shipments from Japan to Europe were one of the biggest container flows via the Trans-Siberian railway 30 years ago. Today, Maersk´s AE19 service is helping to re-open this important transit route for shippers in Asia and Europe. (May-21)