🔥 Curious About Which Countries' Ships Were Attacked by the Houthis? Dive Into Maritime Analytica Insight - 74
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🔥Port Strike Ends, Capacity Issues Remain
🌐Major U.S. Ports Affected by Strike
🚢Newbuild Orders Surge
📈 China’s Trade Surplus
🛥️ Houthi Vessel Attacks
⚠️ Red Sea Crisis
❄️ Chinese Ships Arctic
🌍 China’s Ship Surge
🌊 Monet’s Water Art
🕰️ Timeless Bill of Lading
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Today's Wisdom from the Waves:
🌊 "The ocean stirs the heart, inspires the imagination, and brings eternal joy to the soul." - Robert Wyland 🐋
*Containership at Bora Bora
🚢 Maritime Trivia: Container Shipping Quiz Time!
Previous Answer: Graphene
🔥Port Strike Ends, Container Capacity Challenges Persist
The US East Coast port strike has concluded as of October 1.
Container vessel capacity waiting off the East Coast and Gulf region reached 346,185 TEU.
Global container vessel capacity impacted by congestion totals 2.8 mlln TEU.
🔥US Ports Strike is Over!
👉Joint Statement Regarding Master Contract:
The International Longshoremen’s Association and the United States Maritime Alliance, Ltd. have reached a tentative agreement on wages and have agreed to extend the Master Contract until January 15, 2025, to return to the bargaining table to negotiate all other outstanding issues.
Effective immediately, all current job actions will cease, and all work covered by the Master Contract will resume.
🛳️Newbuilding Orders Surge Past 2mn TEU in 2024
Newbuilding market remains active with significant orders from carriers.
PIL orders for 5 LNG dual-fuel ships (13,000 TEU) for L.America trade.
Delivery of PIL’s vessels expected from late 2026.
Wan Hai confirms LOIs for 16 methanol dual-fuel ships (8,000-8,700 TEU).
Orders placed at Hudong Zhonghua, CSBC, and Hyundai Samho shipyards.
🌍Macroeconomic Forces Drive China’s Trade Surplus
Concerns about China’s industrial policies fueling surpluses grow.
Overcapacity may lead to job losses abroad.
Trade balances are mainly driven by macroeconomic factors.
Industrial policies play a smaller role than assumed.
