The reliability of the container shipping schedule of container shipping companies decreased, in 2021, to 35.8%, the lowest level of all times, from 63.9%, in 2020, and from 78.0%, in 2019. Moreover, the average delay for all ship arrivals increased significantly, in 2021, and exceeded the limit of 4 days, for the first time. According to Sea-Intelligence analysts, the supply chain disruptions caused by Covid-19, as well as other events, such as the temporary closure of the Suez Canal, last March, have led the reliability of container transport to historically low levels. None of the top 14 largest container-liner companies recorded a schedule reliability of more than 50% in 2021.
Meanwhile, the latest release of the Xeneta Shipping Index (XSI) Public Indices Report showed a 3.6% reduction in long-haul fares, in January. In particular, the analysis of the information platform, which was based on data from a number of regular line companies, showed the second consecutive monthly fall in prices, after a surprisingly continuous 14-month increase.
However, despite the decline, fares are still higher by 98.1% year-on-year, according to Xeneta.
“The logistics chain remains under pressure with demand outstripping supply, port congestion, equipment shortages and the ongoing pandemic affecting global trade,” said Patrik Berglund, CEO of Oslo-based Xeneta.
Latest News
Louis-Dreyfus Family Eyes 21% Stake in Thessaloniki Port
The newly created Amsterdam-based LeonidsPort company has submitted a voluntary public offer for 21%
EUIPO Throws Out Turkaegean Trademark
The trademark had been filed by the Türkiye Tourism Promotion and Development Agency (TGA) in 2021 and immediately generated heated opposition by Athens
Economic Sentiment Indicator in Greece Drops Slightly in Dec.
The data revealed that the primary drivers of the slight drop were the industrial and retail trade sectors. Conversely, construction and consumer confidence improved.
Greece’s Trade Deficit Surges by 18.7% in Nov. 2024
For the first 11 months of 2024, the total value of imports reached 77.3793 billion euros, a 1.9% rise compared to 75.9482 billion euros in the same period of 2023.
Installing EV Chargers in Your Building is Harder than You Think
So, you just bought an EV in Greece and can’t wait to set up a charger in your apartment building’s parking space? Not so fast—there are a few hurdles you’ll need to clear first.
Greece Announces Grants to Unemployed for New SMEs
Unemployed individuals seeking 12-month grants to fund the creation of new SMEs can apply online until January 21.
Port of Piraeus Reports Record-breaking Year for Cruise Sector
First cruise ship of the season, Viking Saturn, greeted at Greece's largest, busiest port
Greek Energy Minister Skylakakis Announces Subsidies to Mitigate Electricity Prices
“When prices exceed a certain threshold, we intervene,” said Skylakakis
Mitsotakis: Greece is a Beacon of Stability in an Unstable World
Greek Prime Minister Kyriakos Mitsotakis described Greece as a "beacon of stability in an unstable world" following the Epiphany water blessing ceremony at Dexameni Square in Athens.
The Life of Former Prime Minister Kostas Simitis
Former Minister Kostas Simitis played a defining role in shaping Greece’s economic and political landscape at the turn of the millennium