Shipping Industry Fallout: Dali Incident and Port Decline
In the aftermath of the tragic incident in Baltimore involving the supply chain and insurance, this episode delves into the repercussions of the Dali incident. Host Mike King and his guests discuss various topics such as the decline of the port of Hong Kong, surprising air cargo demand trends, and recent detention and demurrage cases reported to the US Federal Maritime Commission. The episode also explores how the current Red Sea crisis is affecting air and ocean networks, the stalled transpacific contract negotiations, and the potential benefits of restructuring the container alliance system for customers.
Guests on the show include Stephanie Loomis, head of ocean freight, North America at Rhenus Logistics, Niall van de Wouw, chief airfreight officer at Xeneta, and Gavin van Marle, managing editor of The Loadstar.
The episode covers a range of topics in detail such as the Baltimore Dali disaster, the tightening of capacity in the USEC region, issues surrounding insurance and liability, transpacific contract negotiations, box rates normalization, surprises in air cargo demand, shifts in Red Sea sea-air routes, the future of air freight markets, US import demand factors, developments with The Loadstar, detention and demurrage cases, the Gemini alliance, and the decline of Hong Kong Port.
The episode is sponsored by Xeneta, a reliable source of container and air freight rates in the shipping industry. You can subscribe to The Loadstar Podcast to receive each new episode for free or listen on your preferred podcast platform. The episode was created, edited, and produced by Mike King & Associates for The Loadstar.