Falling Container Rates | Long-Term vs Spot-Rates | Downturn in Import Volumes | Blank Sailings
What's Going on With Shipping?
October 2, 2022
In this episode, Sal Mercogliano - maritime historian at Campbell University and former merchant mariner - discusses the falling container rates at the end of 2022, the situations that led to their drop, issues impacting freight rates, right-sizing the world's containership fleet, shift to the US Gulf/East coasts, blank sailings, increase reliability, and questions that shippers should be asking heading into 2023 thanks to Drewry.
Issues discussed include:
00:00 Introduction
01:05 Right-sizing the world's containership fleet
03:22 Difference between long-term and spot rates
05:45 The shift from the US West Coast to East/Gulf coasts
08:16 Rate differences on routes
11:05 Downturn in Import Volumes
13:55 Container Lines Black Sailings
17:24 Increase in reliability of ocean carriers
19:15 Four Questions for Shippers in 2023
#supplychain #container #freightrates
Support What's Going on With Shipping via:
Patreon: www.patreon.com/wgowshipping
Twitter: @mercoglianos
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