Freight container imports could be at risk, Xeneta’s Sand says

While the strike on the US East and Gulf Coast has ended, Xeneta’s Peter Sand warns that “it is only a tentative agreement, and automation at ports will remain a major stumbling block.” 

Ships currently en route to US east and gulf coast ports will likely anchor offshore, awaiting resolution of the ongoing labour strike, as turning back or rerouting to alternative destinations is impractical.

IUMI points to a positive growth of the marine insurance cargo market.

Lars Jensen believes that if Hapag-Lloyd and Maersk successfully execute their plan, it will likely prompt other alliances to adjust their networks in the coming years.

In a statement to WorldCargo News, Xeneta’s Chief Analyst discusses Singapore’s port congestion impacting global shipment networks significantly.

As spot rates continue to skyrocket, Alan Murphy, CEO of Sea-Intelligence, says it will boil down to lowering container demand until it matches available vessel capacity. But the actual level where this happens is not known.