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T he Panama Ca nal’s traffic delays will continue for another 10 months, affecting US East and Gulf Coast ports, the American Journal of Transportation(AJOT) reports, citing an analyst at shipbroker Intermodal. The transit restrictions will increase the backlog of vessels at the canal further as the distribution continues into the peak holiday season, Intermodal’s Research Analyst Chara Georgousi told AJOT. This could affect East and Gulf trade with higher freight rates and changing dynamics, Georgousi added. Liquefied petroleum gas and liquefied natural gas trade are set to be among the most seriously impacted, due to the canal acting as a key route for the trades, Georgousi said.
Smaller ships — which are less adaptable and valuable — will also be the most affected among bulk carriers, according to the analyst.
Ro-ro capacity shortages prompt shift to containers for car shipping: Roll-on/roll-off (ro-ro) capacity shortages and congestion in the car carrier industry has led some freight forwarders and manufacturers to resort to using containers to transport cars rather than waiting for available space, Seatrade Maritime reports. Rising freight rates, congestion, and a shortage of ro-ro capacity has led to car shipment delays of three months or longer, exacerbated by surging demand within the sector. Roro companies usually operate services weekly to key markets, whereas container services are offered on a weekly basis, a freight forwarder told the outlet. The costs are also on par, because the service itself is cheaper but the cost of loading and unloading is higher, the freight forwarder said.
Maersk to ship Amazon products using green biofuel: Danish logistics firm AP Moller-Maersk (Maersk) has finalized a 2023-2024 agreement with E-commerce giant Amazon for the transport of 20k forty foot equivalent (FFE) containers using green biofuel through Maersk’s eco delivery ocean product offering, according to a press release. The agreement will lead to a reduction of 44.6k metric tons of CO2, in comparison to standard bunker fuel. .
