Seaspan Becomes First Foreign Owner to Pay P&I Calls in Renminbi
Seaspan has become the first overseas shipowner to settle protection and indemnity calls with China P&I Club in renminbi, covering two 14,000 teu newbuildings.
Ningbo-Zhoushan Overtakes Singapore as Second Busiest Box Port
Ningbo-Zhoushan has edged past Singapore to become the world's second busiest container port, growing at nearly twice the Singaporean rate in the first half.
Container Port Congestion Hits Record 4.3m Teu Waiting to Berth
Congestion has removed more than 4.3m teu of capacity from circulation, surpassing the pandemic peak in absolute terms and keeping freight and charter rates elevated.
Delays and Congestion Now Absorb 5% of Global Container Capacity
Sea-Intelligence puts the absorption rate at 5.0 percent against a 2011-2019 norm of 2.2 percent, with schedule reliability stuck at 60-65 percent.
Shanghai Sets Single-Day Container Record Of 203,881 Boxes
The port of Shanghai handled 203,881 containers in a single day on 1 August, beating its previous record by close to nine percent as it cleared a typhoon backlog.
Shanghai moves more than 200,000 teu in a single day
Shanghai has pushed its daily container throughput above 200,000 teu for the first time, handling 203,881 teu on 1 August, around 9% above the previous record of 187,312 teu set on 9 June.
Shanghai overtakes London as second-ranked shipping centre
Shanghai has overtaken London to become the world's second-ranked international shipping centre in the latest annual index, while Singapore retained first place.
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