Janet Nodar

Janet Nodar

Janet Nodar is Senior Editor for Project and Heavy-Lift at the JOC, covering breakbulk, project and heavy-lift transport. She is based on the U.S. Gulf coast. She was a reporter and editor for the Journal of Commerce's Gulf Shipper and Breakbulk publications from 2006-2013. From 2013-2018 she was Content Director with Breakbulk Events & Media. She holds degrees in finance and English.

While the “spillover” container market that is driving up MPV rates and creating a capacity shortage will eventually dissipate, in the longer term a low orderbook could mean a capacity shortage, analyst Drewry says.

More from Janet Nodar

The spillover market will not dissipate until box rates dip below five figures, according to Geodis' senior VP for global ocean freight.
Skyrocketing demand is pushing imports into the US toward MPV/HL and other non-container carriers in a wave of spillover cargo.
In a change from long-held norms, earlier contracting is becoming more standard in the breakbulk and project market as cargo shippers labor to secure capacity and reduce risk and price volatility.
Oslo-based Höegh’s latest order for vehicle carriers comes amid growth in imports of China-made vehicles at European ports.
While the ro/ro market booms thanks to high consumer demand and spillover container cargo, soaring vessel costs and an ongoing chip shortage add risk.
Ro/ro carriers are adding capacity and ordering ships as Brexit snarls supply chains and complicates European labor shortages.
Car dealers are "screaming" for inventory, but COVID-19 shutdowns and a snarled semiconductor supply chain are throwing up obstacles to production.
Container shippers are increasingly switching to breakbulk solutions to move their cargo, pushing MPV/HL bookings into the fall and driving up rates.
Controlling dangerous wood-boring pests in wood packaging material will require more consistent enforcement across the US and helping the private sector learn how to look for these pests themselves.
Forward bookings are becoming the norm as some MPV/HL carriers require premiums for laycan dates, and a dearth of newbuildings in the sector implies that the current market will not slow down in the...