More container ships are ordered but prices may remain high
Most of the large container lines are ordering new large vessels, yet the order book is still not yet huge in terms of the existing fleet, at around 15% of total fleet capacity.
Most of the large container lines are ordering new large vessels, yet the order book is still not yet huge in terms of the existing fleet, at around 15% of total fleet capacity.
Ti’s latest report, Global e-commerce logistics 2021, shows rapid growth in the e-commerce logistics market as online retail demand soars.
Logistics has become a major driver of employment growth, led by the logistics of e-retailing. For example, numbers suggest that Amazon created 500,000 new jobs around the world in 2020.
The European road freight market is projected to show positive growth in 2021, expanding by 4.7% in real terms, but this will not make up for the 5.9% decline in 2020.
“The global pandemic has forever altered the logistics real estate landscape” according to real estate investment trust, Prologis.
Between 2013 and 2016, a number of digital forwarder start-ups emerged prompting a debate about the viability of the traditional forwarding model in the digital age.
A severe shortage in semiconductors – a vital part of the microchips found in cars, smartphones, PCs and more – is creating supply chain disruption that look set to plague manufacturing for at least the rest of 2021.
With the freeing of the Ever Given, it appears that the short-term problem affecting the Suez Canal is beginning to be resolved.
The impact of the blockage of the Suez Canal for any length of time would be considerable.
After a decade of growth, the global contract logistics market contracted by 3.3% in 2020, as a strong H2 prevented worse outcomes.
Canadian Pacific Railway has offered to buy Kansas City Southern railway for $25.2bn. The merger would have a significant impact on the North American rail market.
The Ti Dashboard displays sea freight rates across a number of routes. Over the last year, prices have reached unprecedented heights.