Page 2 - Container Shipping

Oil price falls 1% after container ship blocking Suez Canal refloats

Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns to curb a new wave of coronavirus infections.

A ship stuck in Suez

On Tuesday morning, the container ship Ever Given ran aground while navigating the Suez Canal. It swung sideways, blocking almost the entire channel. It hasn't been refloated yet

Suez Canal stays blocked despite efforts to dislodge massive container ship

The incident has left dozens of vessels gridlocked as they attempted to transit between the Red Sea and Mediterranean

Severe container shortage pushing up exporters' cost of doing business

This is an unusual imbalance caused by the lag in the revival of domestic demand following the Covid-19 lockdown

Container non-availability a challenge for export sector currently: FIEO

Non-availability of containers for the export sector is causing a concern for meeting delivery commitments of foreign buyers, apex exporters' body FIEO said on Wednesday

Covid-19: Icra outlook on bulk, container, offshore negative in near term

Tanker freights see upside as falling oil prices come to rescue

Secondary metal producers crumble under lockdown, shipping cos add to woes

Scrap imported at lower prices stuck at ports, finished goods lying at factories with no transport available; shipping firms make hay by charging huge sums for storage at ports

2018 seen tough for cargo shipping as overcapacity threat heightens

With more than 220 container ships scheduled for delivery in 2018, realisations of container shipping lines across globe are expected to come under pressure next year due to oversupply."2018 is going to be a tough year for container shipping lines as some players are acting bullish and adding capacities which could put freights down in coming months," Audrey Dolhen, managing director of French shipping line CMA CGM Agencies (India) Pvt Ltd told Business Standard.2017, however, has been a market of improvement for container business segment, said industry officials as cargo demand picked up across globe this time with trade showing some upside. "Container shipping lines will have to act with caution next year as any kind of aggression in adding capacity will only hurt business," said Subrata K Behera, manager (ports and containers research) at Drewry, a UK-based maritime consulting company.For India, however, the impact is expected to be minimal as select bulk commodities are also ...