Investigaciones de Panjiva

Diageo, P&G face rising shipping rates for Europe-Mexico routes

June 2, 2021

The ongoing surge in container shipping rates is not just a Transpacific phenomenon with Hapag-Lloyd and CMA CGM raising their rates on Europe-to-Latin America lanes by 9% and around a quarter respectively. That’s likely linked to specific port issues given shipments from Europe to Mexico only... Read more →

Back into the void – S&P Global Platts container update, May 2021

June 1, 2021

Global container shipping markets became progressively tighter during May as a result of: continued demand growth; logistics delays at ports; the long-tail impact of the closure of the Suez Canal in March; and continued mispositioning of empty containers due to earlier trade flows. The resulta... Read more →

Walk the walk, hang on to your hats – June 2021 supply chain calendar

June 1, 2021

The month of June will bring a slew of trade policy decisions from the Biden administration. The most important is the result of the administration’s critical supply chain review due early in the month. It will address ways to offset “production shortages, trade disruptions, natural disasters ... Read more →

CMA CGM’s express plans may run into Yantian gate closure

May 28, 2021

The port of Yantian, Shenzhen, China reportedly halted acceptance for incoming export containers for several days “due to increasingly serious delays in vessel schedules”. That was the result of both a shortage of manpower and the knock-on effect of offloading delays at overseas ports. U.S. se... Read more →

Worse-for-longer on west coast as Hapag-Lloyd identifies ongoing challenges

May 26, 2021

Hapag-Lloyd’s latest status update for container shipping into the U.S. indicates few improvements for west coast ports with an increase in vessels at anchor outside the ports of LA and Long Beach. The firm also notes that under their “current projections the congestion is expected to last unt... Read more →

HMM, SM Line add capacity after Hyundai, Hankook appear to jump ship

May 25, 2021

HMM and SM Line are reportedly expanding their shipping services from South Korea to the U.S. and Europe in response to a request from the South Korean government. That’s at least the second time HMM has done so after extending temporary services last October, though since then there has been ... Read more →

China winning boat-building book as Japan resorts to tax breaks

May 21, 2021

The shipbuilding industry faces a mixture of near- and long-term challenges. Competition remains fierce with the Japanese government offering incentives to the sector as restructuring continues, most recently between Tsuneishi Shipbuilding and Mitsui E&S Shipbuilding. Japanese exports of compl... Read more →

ZIM Shipping expects growth, rates to remain elevated in rest of 2021

May 20, 2021

ZIM Shipping reported Q1’21 revenues which surged 111.9% year over year as the container line increased its volumes handled by 28.2%. That outstripped Maersk’s 5.7% and Hapag-Lloyd’s 2.6% as the firm added new routes. The firm achieved a 76.4% rise in average shipping rates which it has been a... Read more →

Hapag-Lloyd adds India-U.S. service after unsatisfactory Q1

May 19, 2021

Hapag-Lloyd may have failed to capitalize on the recent shipping volume boom, with CEO Rolf Habben Jansen stating “the development of the transportation volume was somewhat unsatisfactory” in Q1’21. U.S. seaborne imports linked to the firm rose by just 3.5% year over year in April, with shipme... Read more →

Maersk goes long as short-term shipping volumes, rates remain elevated

May 18, 2021

Container lines running U.S.-inbound services continue to face elevated demand with total shipments up by 26.9% year over year and by 21.7% versus 2019 in the month of April. Strong demand in a fixed capacity (on a two to three year basis) industry has inevitably led to higher shipping rates d... Read more →

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