The supply chain industry is hopeful of a better peak season this year and expects freight demand recovery in the Q2 of 2023, according to the recently published monthly container market forecaster for April by the online logistics platform, Container xChange. The container price sentiment index (xCPSI), a sentiment analysis tool by Container xChange that…
Reports have said a slowdown in trade volume in the first quarter of this year. Some shipping lines and logistics providers have failed to meet the first quarter’s target. The condition has forced BIMCO to revise its prediction of growth in head-haul and regional trades to end in the 1-2% range rather than the 3-4%…
In a new quarterly report, the Hamburg-based ship finance platform, Oceanis, predicts ship financing costs for 2023. Executive summary: 2023 looks set to be a positive year for shipowners seeking finance. Shipping finance markets remain open, and banks seek opportunities to grow their portfolios, resulting in a highly competitive market. Strong earnings across sectors and…
The year 2022 was all about tight capacity and exceptionally high container rates. Towards the latter half of the year, the prices started to plummet and continued to crash as we transitioned into the new year. There is significant market volatility that continues to disrupt the container shipping industry. With a significant oversupply of containers…
Shipping lines have created income and profit records in the last seven quarters, from the first quarter of 2021 (2021Q1) to the third quarter of this year (2022Q3). This industry’s yearly profitreached hundreds of billions of dollars in the last two years. The skyrocketing freight rate amid the Pandemic Covid -19 outbreak has helped them…
Tanjung Priok Port (JICT) on Monday, October 31, 2022, received CMA CGM Alexander Von Humboldt’s call, a 16,000-TEU containership, the biggest vessel ever called at this Indonesia’s biggest port. This inaugural call marked the first of three CMA CGM’s 16,000-TEU series to be calling JICT under the service of JAX. For us, especially cargo owners…
The Pelindo merger last year (October 1, 2021) not only changed the business structure and corporate organization but also calls for a massive business transformation. The merger, as we know, has integrated the four Pelindos (Pelindo 1-4) into Pelindo. And one year after the merger, Pelindo finished its organizational restructuring. All subsidiaries earlier owned by…
Logistics cost has not been normal due to the skyrocketing shipping freight rate amid the pandemic. The trend has just started to be steady since early as the shipping freight rate slows down, but it is still far higher than the pre-pandemic. And now another trigger factor will surely make the logistics cost higher, the…
Experts say the shipping industry will have to decarbonize rapidly to keep global average temperature increases below the critical threshold of 1.5C and find alternative green fuels to the polluting diesel that currently powers most vessels. To keep 1.5C alive, global emissions will need to peak by 2025, halve by 2030, and reach net zero…
Some may be skeptical about President Joko Widodo’s visit to Kyiv and Moscow. Still, for those who are optimistic, this may not end the war, but indeed this is so important to help secure the release of the shipment of cereals and grain now trapped in Odessa to the world. This is to secure the…
