House of Shipping

Our latest global ports and terminals report is complete with data enabling you to assess efficiency and productivity, and benchmark port performance. Download here -  https://lnkd.in/gdp-rFzN #PortPerformance #MarketInsights #HouseOfShipping

The Red Sea crisis is causing container leasing rates to spike on US-China routes. While rates on the China-Europe route are rising more slowly, the China-US route has seen sharp increases from June to July 2024, reflecting ongoing congestion and supply chain issues. Read more - https://lnkd.in/gJpM5j2s #RedSea #SupplyChain #HouseOfShipping

Don’t miss out on the latest trends in the freight industry. Take a look at our latest Key Market Indicators update. #KeyMarketIndicators #LogisticsInsights #HouseOfShipping

Outsourcing HR activities can unlock business success by streamlining processes and reducing costs. Read our blog to learn more. #HROutsourcing #OperationalEfficiency #HouseOfShipping

Another feather in our cap. Our HR team has made it to the top 25% of LinkedIn Recruiter Teams in 2023 Globally. This recognition shows the hard work and skills of our team in finding the best talent out there. If you're looking to join a top-notch organisation, check out our careers page https://lnkd.in/d6GSGDdX #HRSuccess #LinkedIn #HouseOfShipping

Our Global Chief HR Officer, PRASANTH EDASSARI, has been recognised as one of the '10 Extraordinary HR Leaders to Watch in 2024' by EliteX Media, and we agree wholeheartedly. Prasanth's innovative approach to human resources and dedication to our team's growth have been instrumental in shaping our company culture.   Link to the story: https://lnkd.in/gVbSYziZ   #Recognition #HouseofShipping #HRLeaders

Port of Singapore edges towards normalcy, CMA CGM joins hands with Google, and more. Get the latest news from the world of shipping and logistics in our weekly news wrap. #PortCongestion #ShippingNews #HouseOfShipping

The TAC Index fell by 24 points this week. Check out our Key Market Indicators update to get the latest data on the top freight indices. #KeyMarketIndicators #LogisticsInsights #HouseOfShipping

China’s June exports rose 8.6% year-on-year in US dollar terms and 10.7% in RMB. Besides strong shipments to Central Asia, strong performance was recorded for South East Asia too - mainly in Taiwan, Indonesia, Vietnam and the Philippines. Exports to Brazil and Mexico, China’s two largest Latin American markets, also rose by 17%. This development partly explains: a) rise of capacity in Latin American trades; and b) the sky rocketing intra Asia rates. Recently, Latin America has seen capacity into the region increase by more than the global growth. From June 2023 to June 2024, 2.85m teu of new capacity has been delivered to the global shipping fleet presenting a 10.6% year-on-year increase. However, capacity serving Latin America – whose trades have been largely unaffected by the Red Sea crisis – during the same period, jumped by 17.4% and now totals 4.1m teu across all trades according to Alphaliner. Similarly, with respect to Intra Asia trades, new data from Container Trade Statistics (CTS) shows global container traffic in May hit a new monthly record, largely propelled by a double-digit year-on-year increase in the intra-Asia trade. According to CTS trade data for May, which counts all loaded containers shipped on the world’s shipping lanes, intra-Asia volumes grew 14.4 % year on year, to reach just over 4.5m teu. The strong demand on Intra-Asia trade largely propelled by strong shipments from China also had its effect on India bound trades. Average spot rates from North China (Tianjin) to West India (Nhava Sheva or Mundra) exceeded $5,000 for a 40ft container booking in June. #ChinaExports #IntraAsiaTrades #HouseOfShipping

According to Gartner's Future of Supply Chain survey, 58% of supply chain leaders say the following three trends will shape their people strategies through 2027 - rapid technology advancement, shifting workforce demographic and intensified talent competition.