Tag: Xeneta

Xeneta explains how massive shifts in global trading patterns in 2024 have made the task of managing and optimizing supply chains even more complex.

According to Xeneta, the ongoing impact of conflict in the Red Sea, spiraling freight rates and congestion across global ocean container supply chains resulted in record high carbon emissions in Q3 2024.

The two men leading Hapag-Lloyd and Maersk into the new Gemini Cooperation joined together on stage at the Xeneta Summit in Amsterdam on 17 October to reinforce their confidence in the new alliance achieving its ambition of 90% service reliability.

Xeneta, in its latest update, examines the shifting market dynamics by focusing on the two reefer trades from North Europe to the Persian Gulf and North Europe to Southeast Asia.

Ripple effects of strike action at ports on the US East and Gulf coasts will cause severe supply chain disruption into 2025, with analysts warning government intervention may be required to avoid major economic fallout, Xeneta highlights. 

Xeneta analysis shows that ocean container shipping demand from China to North America and North Europe continued to break records in June as importers rushed to protect supply chains amid the global disruption caused by conflict in the Red Sea. According to Xeneta, the latest data, released this week, shows 800 000 TEU (20ft equivalent container) were shipped from China to North Europe in June, which is the highest ever monthly figure on this trade. While the trade from China to North America did not set a new all-time high, it was still the highest volume of containers to have ever been shipped in the month of June at 1.36m TEU. This makes June 2024 the eighth highest month on record and is beaten only by the extraordinary volumes shipped at the height of Covid-19 pandemic disruption in late 2020 and 2021, Xeneta notes.  Conflict in the Red Sea has brought a major shift in the traditional seasonality of ocean supply chains, with concerned shippers rushing to import as many goods as they can earlier in the year. ... said Peter Sand, Xeneta Chief Analyst, adding that shippers assessed the impact of the Red Sea conflict on ocean supply chains ...

According to an analysis provided by Xeneta, the dramatic spike in the ocean freight container shipping market is reaching its peak as importers push back against spiralling spot rates.

According to Reuters, Maersk is facing considerable terminal congestion at ports in Asia and the Mediterranean, leading to significant delays in its vessel schedules. As explained, due to congestion, the world’s second-largest container shipping company will cancel two westbound sailings from China and South Korea scheduled for early July. Maersk’s announcement comes amidst global supply chain disruptions and increased costs caused by strikes on commercial vessels near the Suez Canal by Iranian-backed Houthi rebels. Due to significant terminal congestions in Mediterranean and Asia ports, we are experiencing substantial delays in our vessel schedules. This congestion has resulted in extended waiting times at various ports, impacting our ability to maintain regular schedules. ..Maersk said. As a result, the following blank voyages will be introduced in the upcoming weeks. The company said that they understand that this situation may cause inconvenience and disruption to your supply chain plans, and they sincerely apologize for any inconvenience caused. Data from the company also shows congestion at ports in China, Dubai, Spain, and the U.S. High winds and unexpected weather conditions have disrupted cargo shipments at Chinese ports, Reuters highlights.

According to an analysis by Xeneta, water levels rise in the Panama Canal, so do hopes that ocean freight container services can return to business-as-usual following more than a year of restrictions due to drought.

According to Xeneta, conflict in the Red Sea has brought massive carbon emissions increases in ocean freight container shipping, according to data released.