Return to double-digit spot rate gains looms with new FAK hikes and surcharges
As expected after last week’s surge in spot rate levels, this week saw more modest ...
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
GM: GAUGING RISKGXO: NEW BOT PARTNERWMT: CAPEX IN CHECKWMT: CFO ON AUTOMATION WMT: SPOTLIGHT ON AUTOMATIONHD: PRESSURE BUILDSFWRD: REVISED EBITDA MAERSK: TESTING ONE-MONTH HIGHFDX: UP UP AND AWAYRXO: COYOTE DEAL TAILWINDDSV: NEW REFI DEALR: WEAKENING AMZN: LIFESTYLE BATTLEKNIN: EXPANDED NETWORK OF CROSS-DECK FACILITIES
The Suez Canal crisis is sending shock waves up and down global supply chains as containerships are forced to re-route around the Cape of Good Hope to avoid Houthi terrorist attacks near the Bab al-Mandab Strait.
In this episode, host and producer Mike King finds out how much of the global container fleet has been effectively taken off the table due to diversions, and discovers what this is doing to freight rates, contract negotiations and transit times.
Mike and guests also look at how all this plays out in the lead-in to the Chinese New Year factory closures during February, and take a longer-term view on what might happen to ocean supply chains, should disruptions continue. Is ‘Suez’ the biggest shock to global logistics and trade since Covid-19?
Mike is also joined by senior executives from Hapag-Lloyd and Nexxiot to discuss the latest giant leap in container monitoring and tracking. And, finally, as part of a wide-ranging discussion on logistics technology, he asks The Loadstar’s Charlie Bartlett exactly what shippers want from the latest cargo monitoring technology.
Guests:
Olaf Habert, director of container operations, Hapag-Lloyd
Stefan Kalmund, CEO, Nexxiot
Peter Sand, chief analyst, Xeneta
Charlie Bartlett, technology reporter, The Loadstar
Click here to receive each episode of The Loadstar Podcast straight into your inbox for FREE (Alternatively, subscribe on your podcast platform of choice by searching for The Loadstar Podcast.).
Freight rates are exclusively provided by Xeneta – the leading ocean and air freight rate benchmarking and market analytics platform transforming the shipping and logistics industry.
Credits: Created, edited and produced by Mike King & Associates for The Loadstar.
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