In this file:

 

·         New Studies Find Unprecedented Impact from Supply-Chain Turmoil

·         Maersk overtaken as world’s biggest shipping line

 

 

New Studies Find Unprecedented Impact from Supply-Chain Turmoil

The assessments from regional Fed banks mark new attempts by economic policy makers to measure disruptions driven by the pandemic and shipping strains

 

By Lydia O’Neal, The Wall Street Journal

Jan. 7, 2022

 

International shipping costs have swung far more sharply during the pandemic and amid recent supply-chain disruptions than in the wake of the financial crisis over a decade ago, according to a report by the Federal Reserve Bank of St. Louis.

 

The St. Louis Fed’s analysis seeks to measure the impact the turmoil of the past two years has had on an increasingly critical piece of the global economy.

 

Prices for moving goods by ocean from China to the U.S. West Coast swung more than 72 percentage points from an early-pandemic low to a peak in 2021’s third quarter of more than 50% above the long-term trend for container shipping rates, researchers at the regional Fed bank wrote in the report released this week.

 

That compares with a 41 percentage-point swing in the aftermath of the recession triggered by the 2007-2008 financial crisis, when shipping prices peaked in 2010 at just over 14% above the long-term trend, according to the report, which used import data from the Commerce Department’s Bureau of Economic Analysis and an index of freight rates from a shipping service provider...

 

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https://www.wsj.com/articles/new-studies-find-unprecedented-impact-from-supply-chain-turmoil-11641587220

 

 

Maersk overtaken as world’s biggest shipping line

 

FreshFruitPortal.com

January 10 , 2022

 

A.P. Moller-Maersk A/S is no longer the world’s largest container line.

 

The Danish carrier has been overtaken by Mediterranean Shipping Co. in terms of capacity, according to data compiled by Alphaliner and published on Wednesday, Bloomberg reports.

 

MSC’s fleet can carry 4,284,728 standard 20-foot containers, 1,888 more than Maersk, giving both a market share of 17%.

 

Maersk, which first entered containerized trade in 1975, has held the top spot for decades. The carrier has been a pioneer in the industry, often breaking records by building the biggest ships.

 

More recently, it has invested in vessels that can sail on carbon-neutral methanol. It still has the most capacity in terms of owned vessels: MSC has about 65% of its capacity from chartered ships whereas Maersk only has 42%.

 

After struggling to make money for much of the past decade, the container shipping industry just had its most profitable year ever as pandemic-driven demand for consumer goods strains capacity on vessels. Freight rates out of Shanghai have jumped about five-fold over the last 18 months...

 

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https://www.freshfruitportal.com/news/2022/01/10/maersk-overtaken-as-worlds-biggest-shipping-line/