Pandemic realigns contract expectations; China’s outbound shipping container volume extends October gains; green groups urge UN to raise climate ambition on global shipping; and risk of holiday ‘shipageddon’ all made headlines for this week’s international freight updates. Short on time? Check out our summary of the latest shipping industry news:
Weekly Freight Updates
October 21st, 2020
Pandemic requires shippers, carriers to realign contract expectations
Shippers are increasingly confronted with a dilemma over how they should approach contract negotiations for longer-term durations with carriers. This is especially acute for shippers using contracts of 12 months or longer.
China’s outbound shipping container volume extends October gains
China’s outbound container shipping volume continued its upwards momentum in the second week of October, suggesting further gains in the country’s total exports in the first month of the fourth quarter.
Green groups urge UN to raise climate ambition on global shipping
The global shipping industry’s decarbonization efforts once again face stormy seas. Ahead of the latest crucial round of talks this week at the IMO green groups are warning proposals are “an empty shell” that will have a negligible impact on the sector’s emissions.
Container slots sell out, risking holiday ‘shipageddon’
“The ships are 100% full. The containers are 100% full. You can’t get a container built. You can’t pick up a ship from the spot market. The whole container-shipping cycle is at absolutely full pulse,” exclaimed Jeremy Nixon, CEO of Ocean Network Express (ONE), the world’s sixth-largest container line.
There is nothing typical about this year’s holiday shopping and shipping for carriers and retailers
This goes back to just how different 2020 is shaping up to be, from a shopping, shipping and e-commerce logistics perspective, make no mistake. As has been widely reported, shopping in malls and retail locations is really not an option for many people, for multiple reasons.
