Aggressive trans-Pac blank sailings likely through Lunar New Year amid freight downturn: sources

JOC predicts that weak off-season demand will continue until next year’s Lunar New Year and shipping disruptions such as shippers’ rollovers will increase as temporary cancellations by shipping companies expand. Accordingly, it was pointed out that shippers may focus their bookings on shipping companies that maintain punctuality and schedule. Sea-intelligence mentioned that the temporary cancellation […]

 Uncertain US shippers shifting freight, altering inventory strategies

According to the U.S. fourth quarter *Logistics Confidence Index, retailers expect sales this year to increase compared to last year, but are uncertain whether this increase in sales will lead to new demand for restocking. < In response to this, BlueGrace Logistics explains that in response to consumption uncertainty, retailers are switching to a just-in-time […]

ZIM to start Asia – WCSA Service

ZIM is to start a new service connecting Asia with the West Coast of South America. Branded ZIM ‘Albatross’ service (ZAT), the new line will call at Xingang, Qingdao, Shanghai, Ningbo, Pusan, Lazaro Cardenas, Buenaventura, Guayaquil, Callao, San Antonio, Pusan, Xingang. A fleet of nine vessels, whose size has yet to be specified, is expected […]

Denmark’s Maersk aims to produce 3 million tons of green methanol per year by 2030

Establishment of C2X Green methanol project promoted in Suez Canal and Spain AP Moeller Holdings announced that it, in collaboration with its affiliate Maersk, established ‘C2X’, a company that forms, owns, and operates assets for large-scale production of green methanol. C2X plans to respond to future green methanol demand by investing funds into green methanol […]

Central and South American routes/dong-term freight rates collapsed to 2,000 won in 4 months… The load factor of ships is only around 80%.

The volume of cargo between Korea and Central and South America increased for 7 consecutive months. Despite the shipping companies’ efforts to control supply, including a series of temporary cancellations (blank sailing), they failed to defend freight rates.Freight rates fell below the $2,000 level in four months, and the cargo load ratio of shipping companies […]

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