News

'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...

'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...

'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...

'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...

'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...

'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...

'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...

'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...

‘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...

‘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...

‘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...

‘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...

‘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)

‘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)

‘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)

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

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

‘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)

‘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...

‘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...

‘Expect additional mergers and pray for no Hanjins’

“Financial burdens from the IMO’s 2020 sulfur cap, a projected slowdown in trade growth and the looming threat of overcapacity could bump out some carriers.” To learn more, see the original story at American Shipper. Source: American Shipper (JK)

‘Grey sheen’ appears from the wreck of X-Press Pearl with salvage unlikely until September

“X-Press Feeders has said a grey sheen has appeared from the wreck of the X-Press Pearl, raising the...

‘Historic’ MoU between DP World’s Jafza and Israeli Chambers of Commerce

“Following the normalising of relations between Israel and the United Arab Emirates (UAE) DP World’s...

‘HMM + K2’ consortium to start in March

**“Hyundai Merchant Marine said Tuesday its consortium with Heung-A Shipping and Sinokor Merchant Ma...

‘I paid ridiculous charges, my cargo still got rolled and the carrier wanted more’

“Short-term freight rates from China to North Europe have breached the $20,000 per 40ft mark, while transpacific carriers are quoting rates of up to $25,000 to the US west coast.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Just-in-time shipping is the smart thing to do’

“At the first meeting three years ago of the Global Industry Alliance (GIA), a partnership of the In...

‘K’ Line focusing on COVID-19 damage control

“Although Kawasaki Kisen Kaisha Ltd. (“K” Line) recorded a fiscal year 2019 net profit of 5.3 billio...

‘Lagos ports are operating at less than 70 % capacity’

“The Seaport Terminal Operators Association of Nigeria (STOAN) has said that the Lagos Port Complex,...

‘March madness’ sees Port of Los Angeles break more volume records

“Port of Los Angeles Executive Director Gene Seroka has described the gateway’s latest volume figure...

‘Mayhem’ as alliances offer different schedules for the same containership

“Shippers from Asia to North Europe are being given conflicting information on vessel ETAs by carriers in the same alliance, and for the same ship.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘More details on charter negotiations will be disclosed soon’: HMM

A chink of light has emerged in Hyundai Merchant Marine’s tricky negotiations with tonnage providers...

‘More European routes needed’ for Irish ports

“The Government has been urged to commission a report on the ability of Irish ports to handle new ro...

‘Near-record’ import volumes slow BC port flow

“The ports of Vancouver and Prince Rupert are expected to contend with vessel delays and longer rail...

‘No end in sight’: Congestion levels continue to climb as boxships queue outside German ports

“Congestion in container shipping is continuing to rise with more than 12 per cent of all shipped goods currently stuck.” See the original story at Port Technology. Source: Port Technology (JK)

‘No hope’ of bounce-back in demand for container shipping this year

“Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Not much has changed’ at China’s ports, despite traditional post-CNY lull

“The traditional post-new year (CNY) lull has helped ease China’s port congestion, but cargo backlogs and container shortages are still propping up rates.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Peak season’ to yield spectacular returns for reefer owners

“Owners of specialised reefer vessels have not had much to cheer about recently as refrigerated slot...

‘Revitalised’ Zim reports biggest profit in its 75-year history

“Israeli ocean carrier Zim has posted its first annual profit for three years – and the biggest in i...

‘Slidings’ replacing blank voyages as ocean carriers stretch transit times

“Ocean carriers are looking to extend transit times in a bid to improve schedule reliability and cut costs.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Smart’ container fleet set to increase tenfold over next five years

“The number of smart containers in the world’s box fleet could increase tenfold over the next five years, according to new research from Drewry Maritime Advisors.” To learn more, see the original story at The Loadstar. Source: The Loadstar (JK)

‘Sophisticated’ cyber attack takes IMO offline

“The International Maritime Organization (IMO) is fighting a cyber attack, the second high-profile m...

‘Storage in transit’ products expand to head off looming box congestion crisis

“MSC has announced four additional container wayport storage hubs as part of its Covid-19 suspension...

‘Super-port’ of Antwerp-Bruges lining up to be UK’s first call

“Antwerp is positioning itself to be the UK’s gateway to Europe. Unaccompanied container volumes hav...

‘Synchro-modality’ the key to solving congestion problems at Europe’s ports

“Barge owners are calling for port operators to adopt “synchro-modality” to address the congestion crisis plaguing Europe’s box terminals.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Synchromodality’ the key to beating Europe’s inland waterway congestion

“DP World VP of inland and logistics for Europe Rob Harrison is urging shippers to buy into “synchromodality” to combat North Europe’s systemic barge congestion.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘THE’ Alliance transatlantic loop calls Port of Philadelphia

**“The weekly AL1 service, operated by “THE” Alliance, made its first call to the Packer Avenue Mari...

‘Tramp’ ships coming to NY-NJ port, hoping for berth space

“An increased number of ad hoc vessels and “tramp” ships operated by small, Asia-based operators are...

‘Unreasonable fees’ send Australian shippers into multi-billion dollar frenzy

“Australian shippers are battling a double-whammy of spiralling supply chain inflation, container detention fees and delays to manufacturing in China.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘Unsustainable’ Team Lines to close its doors next month

“Hamburg-headquartered feeder operator Team Lines will cease trading on 11 February, after deeming its business model “unsustainable”. ” To learn more, see the original story at The Loadstar. Source: The Loadstar (JB)

‘Volatile’ box trade has shifted ‘from a demand crisis to an operational crisis’

“The era of low-cost ocean freight could be over as volatility and exception handling become the new battleground for forwarders and carriers.” See the original story at The Loadstar. Source: The Loadstar (JK)

‘We don’t want others to leapfrog us’: Maersk CEO

**The shipping industry might be suffering a tough period of overcapacity but chief executive of oil...

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