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Xeneta: Record-breaking container shipping traffic continues

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 ...

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Maersk faces delays due to terminal congestion in Asia and Mediterranean

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.

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