Stagnant container ships are betting on China’s economic recovery

Trade & Border IssuesHot SpotsInflationMoney Matters
Written By Jennifer Joslyn

🇨🇳 Stagnant container ships are betting on China’s economic recovery.

China is a major player in global trade and a significant portion of the world's goods are manufactured there. When China's economy is strong and growing, there is a higher demand for goods, which in turn leads to an increase in shipping activity. This growth is driven by factors such as increasing urbanization, rising middle class incomes, and government investment in infrastructure. As a result, many investors see China as a reliable source of economic growth and are optimistic about the country's future economic prospects.

Read more from AJOT ▶

Featured
Shipping Industry Faces Challenges in Securing Carbon-Neutral Fuels for 2030 Emission Targets
Shipping Industry Faces Challenges in Securing Carbon-Neutral Fuels for 2030 Emission Targets

The shipping industry may struggle to secure enough carbon-neutral fuels to meet the 2030 maritime emission targets, according to DNV.

Blank Sailings at Lowest Point Since Pandemic, Signaling Normalization in Container Shipping
Blank Sailings at Lowest Point Since Pandemic, Signaling Normalization in Container Shipping

The number of blank sailings in the global container shipping market has reached its lowest point since the pandemic began, indicating a path toward normalization, according to Sea-Intelligence.

Shippers have accused all top ten ocean container carriers of engaging in profiteering
Shippers have accused all top ten ocean container carriers of engaging in profiteering

According to complaints filed with the U.S. Federal Maritime Commission (FMC), all of the top ten ocean container carriers have been accused of price gouging and unfair practices by shippers over the past 18 months.

Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits
Sea Freight Rates from Asia to the US Rise as Companies Look to Regain Profits

Shipping companies are increasing their rates to ship containers from Asia to the US as they attempt to offset a fall in rates ahead of the importing season.

Could a SVB bailout result in growth for global logistics and shipbuilding challenges?
Could a SVB bailout result in growth for global logistics and shipbuilding challenges?

G Captain Founder and CEO Captain John Konrad is signaling the importance of changing how banks int he US operate when funding shipyards and naval security.

Global ocean carriers are weathering staggering increases in vessel capacity
Global ocean carriers are weathering staggering increases in vessel capacity

Container lines have historically been able to withstand increases in vessel capacity, but a massive increase in capacity could potentially pose challenges for the industry.

U.K.-based Ellerman City Liners now delivers directly to the GCT Terminal in New York
U.K.-based Ellerman City Liners now delivers directly to the GCT Terminal in New York

The port rotation includes three locations in Europe: Antwerp, Belgium, Rotterdam, Netherlands, and Tilbury, England.

Port of Savannah congestion eases after November volume drops
Port of Savannah congestion eases after November volume drops

With seventeen container ships sitting in a vessel queue outside of the Port of Savannah, Georgia’s harbor, it’s a pleasant relief after the reported thirty ships in line in October.

Global shipping strategies in 2023 will lean heavily on reducing costs
Global shipping strategies in 2023 will lean heavily on reducing costs

A survey of large shippers over the past twelve months shows that 62% of companies are viewing cost-reduction strategies as a top priority next year.

Demand for global containers plummets while warehouses sit fully stocked
Demand for global containers plummets while warehouses sit fully stocked

Containers are no longer in hot demand, so retail orders, shipping containers, and ship sailings are being canceled left and right.

Denmark-based Maersk is reporting nearly $9 billion in profits
Denmark-based Maersk is reporting nearly $9 billion in profits

With a recorded 2022 revenue of over $22 billion, the ocean logistics company is reporting higher volumes as compared to last year.

Baltic Dry Index jumps after 52-week low in August
Baltic Dry Index jumps after 52-week low in August

We’re going up!

Container shipping profits swallow pre-pandemic numbers
Container shipping profits swallow pre-pandemic numbers

Globally, container shipping is still skyrocketing in profits.

DHL Global Forwarding and Hapag-Lloyd partner to further sustainability goals
DHL Global Forwarding and Hapag-Lloyd partner to further sustainability goals

Hapag-Lloyd is shipping 18k TEU’s and decarbonizing the heavy transport with advanced biofuels such as FAME - a fatty acid methyl ester.

Old shipping containers are locking in long-term leases
Old shipping containers are locking in long-term leases

Shipping firms are recognizing that there’s money on the table, and they aren’t afraid to grab it.

Agricultural exporters are frustrated with ocean carriers after successful lobbying
Agricultural exporters are frustrated with ocean carriers after successful lobbying

Ocean carriers received a verbal berating at June 15th’s Agriculture Transportation Coalition (AGTC) Annual Meeting.

Maritime insurance industry is risky business
Maritime insurance industry is risky business

he cost of running and maintaining steamships for shipping cargo across the sea is getting more expensive, as well as the product being moved.

Jennifer Joslyn
Previous

Expanding same-day delivery is a priority for Amazon
Next

East Palestine residents’ lawyers accuse Norfolk Southern of destroying evidence of train wreck