Westpac International Logistics Co., Ltd.

The Ocean Shipping Reform Act of 2022 (OSRA 22) includes a provision mandating the Federal Maritime Commission (FMC) to seek comments on whether congestion of the carriage of goods has created an emergency situation.

MSC is implementing a new DNV anti-roll system designed to avoid container losses due to parametric rolling on containerships.

Spot rates on most major container trades have fallen significantly on-year, but a few routes bucked the overall trend.

There is no longer fundamental support for the very high container spot rates seen in the market over the last 18 months as vessel utilisation numbers start to normalise.