A common challenge faced by container Carriers relates to the handling and movement of empty containers. Learn how shipping lines manage empty containers to ensure optimal returns, minimise idle time, and maximise asset turnover.

The concept of nearshoring has gained considerable popularity in logistics and supply chain circles over the past few years. 

In this article, we will understand the differences between spot and contract rates, the correlation between the two, the circumstances in which these rates prevail, and how both Carriers and Shippers attempt to balance cargo carried on spot and contract rates to their maximum advantage. 

GDP Multiplier Ratio expresses the relationship between the growth rate of a given country’s GDP and the rate of growth of its containerised trade. 

In the last part of the series on the advantages and disadvantages of mega vessels for various stakeholders, we will examine the impact on Exporters/ Shippers/ BCO (Beneficial Cargo Owners), i.e. the entity owning the cargo.

The most obvious and visible trend that has been gaining ground since the third quarter of last year was the decline in ocean freight rates. This article will discuss major trends defining supply chains and shipping in 2023. 

After covering the advantages and disadvantages of mega vessels for Container Carriers/ Shipping Companies, we will explore how these behemoths’ deployment affects Port and Terminal operators (another major stakeholder in the transport process).