Climate change is affecting the viability of the Panama Canal, a crucial artery for global trade. A prolonged and severe drought during what should have been Panama’s rainy season has significantly lowered the water level of GatĂșn Lake, the freshwater source essential for operating the canal’s locks. The lake is currently nearly 6 feet below…
Globalia Blog
Tag: container shipping industry
xChange Insights- The revolutionary platform for freight forwarders to have real-time container data in ocean freight shipping
Did you know that 57% of companies spend over 2 hours each day trying to acquire accurate market prices? Container xChange has recently conducted a survey to gain insights into how independent freight forwarders keep pace with ocean freight shipping industry trends. The survey uncovered that a significant number of companies still rely on cumbersome…
Insights from the Ocean Freight Shipping Industry: Kinds of Shipping Containers
The ocean freight shipping industry is responsible for the transportation of a staggering 90% of all internationally shipped goods. Although other modes of international transport offer faster delivery, they come with higher costs. When organizing an overseas shipment, it is crucial to choose the appropriate ocean container that suits your requirements. Selecting the correct…
The use of LNG as a fuel of transition in the ocean freight shipping industry
LNG or Liquefied Natural Gas could be the fuel for the energy transition in the ocean freight shipping industry. The maritime sector which moves around 90% of the goods across the world is still heavily reliant on fossil fuels. Therefore, making this sector environmentally sustainable is one of the major priorities of governments as well…
The 20-foot equivalent units and its future in the container shipping industry
In 2021 we have seen a drop in the use of TEUs or 20-foot equivalent units. The Chinese manufacturers have been strongly favoring the use of FEUs or 40-foot shipping containers which in turn has threatened the future of the 20-foot containers. Although they have traditionally been a standard in the industry, the TEUs are…
The world’s first autonomous cargo ship and its relevance for the container shipping industry
Yara and tech company Kongsberg have created the ship YARA Birkeland which is all set to become the world’s first crewless cargo ship with zero carbon footprint. Finally, the container shipping industry has taken the next giant leap- viz the introduction of autonomous cargo ships. Although the concept of a self-steering cargo ship might sound…
The drop in ocean freight spot rates: Is the container shipping industry crisis temporarily easing?
The ever-increasing container shipping rates have finally dropped at least for the moment. Although the overall ocean freight rates are still extremely higher than usual, we can see a drop in freight rates between China to the USA. This is indeed very good news for the shipping industry that has been reeling under the effect…
The problem of increasing freight rates and how the independent freight forwarders can deal with it
The ongoing delays and blank sailings, the container shortage and lack of capacity, along with the rising demand for ocean freight from Asia to the USA have resulted in soaring freight rates. The increasing sea freight rates and the container crisis have generated a global supply chain disruption across industries. This has had a considerable…
The Ongoing Container Shortage is Expected to Last till 2022: Here’s All You Need to Know
The global shortage of shipping containers that started with the pandemic in the first quarter of 2020 is still ongoing. As a result, there’s a drastic surge in container and shipping costs along with a longer wait for the concerned parties. The container shipping industry doesn’t have enough containers to deal with the shipment demand….
COVID-19 and its impact on the ocean freight shipping industry
The alarming rate in which the pandemic has spread has had a major impact on the ocean freight shipping industry which was already reeling under the effects of the trade war. The pandemic has dealt a severe blow to this industry which is presently coping with the impact of the pandemic. Keep reading to find…