Xeneta sets up in NY

While the strike on the US East and Gulf Coast has ended, Xeneta’s Peter Sand warns that “it is only a tentative agreement, and automation at ports will remain a major stumbling block.” 

Ships currently en route to US east and gulf coast ports will likely anchor offshore, awaiting resolution of the ongoing labour strike, as turning back or rerouting to alternative destinations is impractical.

In a statement to WorldCargo News, Xeneta’s Chief Analyst discusses Singapore’s port congestion impacting global shipment networks significantly.

As spot rates continue to skyrocket, Alan Murphy, CEO of Sea-Intelligence, says it will boil down to lowering container demand until it matches available vessel capacity. But the actual level where this happens is not known.

Xeneta Chief Analyst: Businesses are already shipping cargo for the Christmas period in May

Emily Stausbøll explains how disruptions in US tariffs, tensions in China and Taiwan, and nearshoring could impact shipping rates and capacity.