The SCFI global increased its overall growth this week to 3%, although this was primarily driven by large increases on the US trade lanes.
The regional breakdown is as follows:
- Europe: +1%
- Mediterranean: +2%
- US West Coast: +9%
- US East Coast: +11%
- Australia: + 2%
This week has seen container shipping in a negative light in the global press as the X-Press Pearl, which has been on fire off Sri Lanka for 2 weeks, finally began sinking and part of the vessel is now resting on the ocean floor. Pollution has also been caused to the Sri Lankan coast line and there are fears that even more damage could be done if the fuel tanks rupture or if the containers carrying various chemicals leak into the water.
In the port of Kaohsiung (Taiwan) the OOCL Durban crashed into 2 cranes causing them to collapse. Whilst this would normally be a localised incident, as the global shipping networks are stretched to breaking point, small local issues now cause wider problems as vessel delays and slower port productivity levels cannot be caught up elsewhere in schedules.