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'A hard landing' as Asia-North Europe freight rates collapse to $1,000 a box

"There seems to be nothing ocean carriers can do – or are prepared to do – to stop the rapid slide o...

by The Loadstar

'Another nail in the coffin' – congestion on Canada's west coast

The deteriorative effects of the latest ILWU strikes on the transpacific tradelane are clearly visib...

by The Loadstar

'Be prepared' is key to avoiding problems on return to Suez transits

"BCOs are not sufficiently prepared for the likely influx of detention and demurrage (D&D) charges a...

by The Loadstar

'Cargo collision' expected as transpacific capacity tightens and rates rise

"Transpacific shippers keen to take advantage of the 90-day tariff time-out are likely to be faced w...

by The Loadstar

'Damaging' port strikes at DP World Australia terminals extended

"Dockers affiliated with the Maritime Union of Australia (MUA) have extended their strike action at...

by The Loadstar

'Daylight robbery' – Fury at huge hike in terminal fees by DP World Australia

"Port users have responded angrily to DP World Australia’s planned increase in terminal fees of up t...

by The Loadstar

'Disastrous' DSV-Schenker merger would 'disrupt European haulage market'

"DSV’s acquisition of DB Schenker could “end in disaster”, as forwarders warn that hostility to the...

by The Loadstar

'Echoes of the pandemic' as Taiwan carriers enjoy a 'most profitable' Q2

"Taiwan’s container lines all experienced positive second quarters: Evergreen, Wan Hai and Yang Min...

by The Loadstar

'Feeding frenzy' over low rates must end, say forwarders

"Forwarders need to pull out of the ‘race-to-the-bottom’ on ocean rates or risk losing customers, ma...

by The Loadstar

'Flexible' new mid-size containerships see carriers better prepared for crashing demand

"Emergent trends in shipbuilding demonstrate how carriers are building capacity management into thei...

by The Loadstar

'Freefalling' Asia-North Europe rates shed half their value in three weeks

"Container spot rates from China to North Europe are in freefall with average rates dipping below $1...

by The Loadstar

'Hands on triggers' over Gaza a threat to early Red Sea return

"There have been “notable increases” in maritime insurance premiums, as ceasefire uncertainty clouds...

by The Loadstar

'It’s healthy competition' Maersk tells forwarders bidding for same business

"Maersk said the “competition is on”, when asked what the future was for forwarders in the face of t...

by The Loadstar

'Jittery time' for BCOs as prospects of labour contract settlements fades

"Hopes for a settlement in the contract negotiations in the US rail industry are on the wane. And an...

by The Loadstar

'Last chance' for US importers to stock up before possible east coast port strike

"The lead time for Chinese exports to the US east coast is still just over two months – highlighting...

by The Loadstar

'Learn from Hanjin collapse' – government urged to nationalise HMM

"HMM should be nationalised, according to Busan civic groups and members of South Korea’s marine ind...

by The Loadstar

'Liner panic' as new container production hits a post-Covid peak

"Container output reached 521,000 teu last month – a post-Covid peak, according to Linerlytica today...

by The Loadstar

'Lines banging on our door' as spot rates tumble and peak season disappoints

"Container spot rates from Asia to Europe and the US are coming under increased pressure, as the pea...

by The Loadstar

'Massive' typhoon disrupts ports and airports in Shanghai, Ningbo and Busan

"Typhoon Hinnamor has forced the ports of Shanghai, Ningbo and Busan to close, further disrupting sh...

by The Loadstar

'Milestone' for Pan Ocean as first autonomous box ship enters service

"Pan Ocean is to put South Korea’s first autonomous containership into a service connecting the coun...

by The Loadstar

'More pronounced' demand slump drives container spot freight rate declines

"Container spot freight rates on most of the main shipping trades saw another week of decline, altho...

by The Loadstar

'Nervous' box lines back-pedal on D&D charges as new rules loom

"While US ports and container terminals still resist a regulatory drive to curtail detention and dem...

by The Loadstar

'Nervousness' as container shortage starts to impact Indian exporters

"Apart from rocketing freight rates, Indian exporters face another supply chain challenge linked to...

by The Loadstar

'Nobody works for free': Why Port of Oakland workers walked out

"Hundreds of clerks represented by the International Longshore and Warehouse Union (ILWU) walked off...

by SFGATE

'Overcapacity will persist, prompting more scrapping and slow-steaming'

"Overcapacity will persist next year and, along with stricter environmental regulations, will prompt...

by The Loadstar

'Pooling' ships could save millions in EU ETS payments, says report

"As the EU ETS standards set in, classification society Lloyd’s Register (LR) has released a report...

by The Loadstar

'Slow season' and ocean network stabilisation easing pressure on rates

"While container spot rates on the Asia-Europe and Asia-North America trades continued to remain ele...

by The Loadstar

'Space, the ultimate frontier of logistics', says CMA, while Maersk rejects discounts

"Maersk has ruled out ocean freight rate discounts along the ‘patriotic’ lines established in recent...

by The Loadstar

'Speedy' sale of HMM finally gets the green light

"Privatisation of South Korean ocean carrier HMM is finally set to progress, now Seoul-based investm...

by The Loadstar

'Stable' Asia-Europe rates 'very different' to double-digit declines on transpacific

"For the first time since the beginning of this year it is now more expensive to ship a 40ft contain...

by The Loadstar

'Strong uptake' after Turkon Line launches Turkey-Red Sea-India service

"Turkey’s Turkon Line is positioning itself in India with long-term growth ambitions, as container i...

by The Loadstar

'Surprising' amount of new capacity going to fast-growing Latin America trades

"Despite the increasingly large amounts of container shipping capacity being tied up in the Asia-Eur...

by The Loadstar

'Tariff madness' will prompt renegotiation of ocean shipping contracts

"Today’s “absolutely nuts” container shipping market will spur contract renegotiations, as rates and...

by The Loadstar

'Two-tier' market surfacing as gap between mega and smaller box lines widens

"With the Q2 earnings season reaching its finale, an Alphaliner survey this week shows the profitabi...

by The Loadstar

'Vessel orderbook won't overbalance the market', claims Cosco GM

"Cosco Shipping Holdings deputy GM Chen Shuai has sought to calm concerns that the overcapacity seen...

by The Loadstar

'Victimised' PSA Sical seeks early end to box terminal concession at Indian port

"Singapore-based terminal giant PSA International is seeking a premature exit from its ‘debut’ conta...

by The Loadstar

'Winner's curse'? Harim aims to turn HMM into a top-five box line

"Harim Group chairman Kim Hong-kuk has ambitions to grow HMM into one of the world’s five largest sh...

by The Loadstar

‘Air still LA’s biggest export’ as more boxes leave port empty than loaded

“Exports from the top ten US container ports slumped by 8.3% in July, compared with the same month o...

by The Loadstar

‘ASEAN tiger’ shippers say they don’t need ULCVs on the intra-Asia trade

“As the ASEAN “tiger economies” continue to reshape the world’s largest container trade, some domest...

by The Loadstar

‘Be alert’ warning to shippers as they face new low-sulphur fuel surcharges

“The Global Shippers Forum (GSF) has issued a warning to ocean freight customers as they find themse...

by The Loadstar

‘Bitter taste’ in 2M as MSC poaches star exec and noses toward top liner ranking

“Maersk’s cuts in capital expenditure, including its decision not to order new vessels in the next t...

by The Loadstar

‘Bullwhip’ ready to crack, as spot rates get a boost and Shanghai reopens

“With Shanghai on the cusp of unlocking its manufacturing and unshackling frustrated container exports, spot rates from Asia are set to increase in the coming weeks.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

‘Canada’s supply chain is at risk’ warning, as congestion hits port of Vancouver

“The brakes have been applied hard on traffic flows at the Port of Vancouver.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

‘Corporate arrogance’ claim as Patrick seeks to end agreement with dock union

“Patrick Terminals is seeking to terminate its enterprise agreement with the Maritime Union of Australia (MUA), upping the ante in its long-running dispute with the union.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

‘Cracks’ appear in Asia – Europe rates over uncertain outlook

“Ocean carriers fear that fiscal policies designed to stem inflationary pressures in Europe will wea...

by The Loadstar

‘Crazy rates’ to ship a container out of India – after a 100% premium to get the box

“With the severe shortage of containers and capacity, Indian forwarders are being quoted “crazy” freight rates by carriers that “won’t honour” contracts.” See the original story at The Loadstar. Source: The Loadstar (JK)

by The Loadstar

‘Deja vu’ in Australia’s ports as terminals are hit by new round of strikes

“The Maritime Union of Australia (MUA) has begun a series of work stoppages at Patrick Terminals’ Sy...

by The Loadstar

‘Disastrous’ cuts to UK track maintenance may signal ‘biggest rail strike in history’

“Some 40,000 UK workers at National Rail could stage “the biggest rail strike in modern history” – a...

by The Loadstar
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