Containershipping's Long-term Reefer Rates Soar to All-time Highs, says Xeneta
According to the latest crowd-sourced data from Xeneta, long-term rates for reefer containers on the key US West Coast to Far East route soared almost 60% in April.In its report Xeneta notes a surge in rates of around $2000 per 40-ft. unit after the latest 12-month contracts came to a close. The average contracted rate recorded on 15 May stood at $5850 per container, while the average for new agreements running from Q2 2022 to the end of Q1 2023 was even higher, at $5945 per 40-ft. reefer.“This is an almighty increase, pushing prices to an all-time high” said Patrik Berglund, Xeneta CEO.
DB Schenker Opens New Terminal in Finland
Logistics company DB Schenker said it has opened a new, highly sustainable cargo terminal in Finland for the Tampere region. With this terminal, which is located in nearby Lempäälä, DB Schenker is expanding its green distribution services in Finland. Five fully electric trucks will soon begin operating in Lempäälä and serve Tampere’s city center. Except in winter, the energy needed to recharge the vehicles in the fleet will be provided by the company's own solar power plant.“The new Tampere terminal underscores our leadership role in making logistics more and more environmentally friendly…
Startups Apply Artificial Intelligence to Supply Chain Disruptions
Over the last two years a series of unexpected events has scrambled global supply chains. Coronavirus, war in Ukraine, Brexit and a container ship wedged in the Suez Canal have combined to delay deliveries of everything from bicycles to pet food.In response, a growing group of startups and established logistics firms has created a multi-billion dollar industry applying the latest technology to help businesses minimize the disruption.Interos Inc, Fero Labs, KlearNow Corp and others…
Suggestions for Making America’s Marine Highway Program More Effective
The America’s Marine Highways Program is one of several grant programs administered by the U.S. Maritime Administration (MARAD) to promote more effective use of the nation’s navigable waterways. This particular program was established by Congress in 2007 to provide grants for projects that would promote water-borne alternatives to available landside transportation services, especially for freight carried by trucks.Consistent with this specific goal, the program’s statutory authority…
Ports Seek Clarity on Next Stage of Brexit Border Processes
The British Ports Association said it is calling for clarity following recent speculation that the introduction of physical Brexit border checks on EU food and animal product imports will be delayed again.Sanitary and phytosanitary inspections at specially prepared borders infrastructure are due to be introduced in July, but there is an increasing expectation of some type of delay, said BPA, the trade body representing U.K. ports that facilitate 86% of seaborne trade and most of the ports that have built Border Control Posts.Richard Ballantyne…
Durban Port Functional After Flood Devastation
South Africa's major port of Durban, where operations were disrupted by severe flooding last week, is now functional and a backlog of thousands of containers will be cleared within five to six days, the public enterprises minister said on Tuesday.The floods caused extensive damage to roads leading to Durban port, one of the busiest shipping terminals in Africa and a key hub for exports like metals and agricultural commodities and imports like fuel.Scientists believe the southeastern…
The Supply Chain: As Empty Containers Stack Up in the U.S., Challenges Persist
According to a recent analysis by Container xChange, one of the many challenges for the supply chain now is the overflowing container depots in the U.S. and the pileup of empties that will push the container prices further downwards in the mid-term. The analysis shows that container prices are declining in the U.S. by as much as 30% in the past two months across the east and the west coast and more than halved at some ports from 2021 prices. Bigger carriers, as per a report by CNBC recently, are shipping empty containers back to Asia from the U.S.
Reefer Rates Offer First Signs of Easing, says Xeneta
Despite months of softening on the backhaul North Europe to Far East trade, with rates on the spot market closing in on $1,000 per FEU for normal-dry containers, spot rates for reefer containers on this trade have been stable since early 2021, averaging $5,300 per 40’ reefer on April 11, 2022, according to a recent research note published by Xeneta.The long-term market, on the other hand, has shown its first signs of easing this year, dropping between Q1 and Q2, though only by $200 per reefer…
Pennsylvania Extends Intermodal Cargo Growth Incentive Program for Ocean Carriers
Governor Tom Wolf announced that Pennsylvania’s Intermodal Cargo Growth Incentive Program (PICGIP), which aims to increase cargo activity by incentivizing shippers to move cargo through Pennsylvania ports, will be extended until July 2023. The program was previously slated to end in June of this year.“Pennsylvania’s ports are more vital than ever and are continuing to increase the volume of essential goods and strengthen the supply chain,” Gov. Wolf said. “Increasing shipping…
CMA CGM to Buy Auto Logistics Firm Gefco
Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter.CMA CGM declined to comment.Gefco, in which French-Italian carmaker Stellantis holds a 25% stake, will be valued at 450 to 500 million euros in the deal, the paper said.Auto transport company Gefco, co-owned by French-Italian carmaker Stellantis, said on Friday it will buy back the 75% of its shares that are held by Russian Railways (RZD) after it was placed under western sanctions.(Reuters - Reporting by Tassilo HummelEditing by Sudip Kar-Gupta)
ZIM Strikes Deal to Charter Six 5,500 TEU Newbuilds
Israeli shipping company ZIM Integrated Shipping Services (NYSE: ZIM) on Wednesday announced a new charter transaction with a group of investors initiated by MPC Capital AG, according to which ZIM will charter a total of up to six 5,500 TEU wide beam newbuild vessels for a period of seven years and total charter hire consideration of approximately up to $600 million.The vessels will be constructed at Korean-based shipyard, HJ Shipbuilding & Construction (formerly known as Hanjin Heavy Industries & Construction Co.) and are scheduled to be delivered between May 2023 and February 2024.
Russia Resumes LPG exports from Sea of Azov
Russia is set to resume supplies of liquefied petroleum gas (LPG) from a Sea of Azov port on Tuesday for the first time since Moscow started its military operation in Ukraine, data from the port and Refinitiv Eikon showed.Supplies of LPG had been halted from the Temryuk terminal since Feb. 24 following a ban on shipments in the region imposed by the Russian sea and river transport regulator.According to the port data, there are plans to load a gas tanker called Premier on Tuesday under the flag of the Comoro Islands.
MacGregor Wins Supply Contract for Four Höegh Autoliners PCTCs
MacGregor, part of Cargotec, was selected to supply comprehensive packages of RoRo equipment for four Aurora class pure car and truck carriers (PCTCs) to be built by China Merchant Heavy Industries (Jiangsu) Co., Ltd. for Höegh Autoliners.The order has a value of more than $15 million, with the first two vessels scheduled for delivery during the second half of 2024 and the next two in the first half of 2025. Höegh Autoliners also has options for a further four plus four vessels.Designed by the China Merchants Industries owned ship designer…
Most Containership Spot Rates Tower Above Long Term Contracts - Xeneta
The Far East to South American East Coast trade is the only front haul trade where the long term is lower than the average spot rate among Xeneta's top 13 trades. Long-term rates on this trade are still below their October highs, but they have been steadily rising since 2022. As of 15 March, long term contracts from the past three months were $800 per FEU above the spot market, at $10,400. In comparison, spot market rates have declined since November 2021, falling from $13,000 to $9…
White House Aims to Boost Supply Chain Information Sharing
The White House on Tuesday unveiled a new pilot effort to help clear supply chain bottlenecks at congested U.S. ports by getting truckers, shippers, wholesalers, retailers and other businesses to share information.U.S. Transportation Secretary Pete Buttigieg and National Economic Council Director Brian Deese launched the Freight Logistics Optimization Works (FLOW), an information sharing initiative "to pilot key freight information exchange between parts of the goods movement…
ZIM Announces Record Financial Year in 2021
Net Income of $4.65 Billion, Adjusted EBITDA of $6.60 billion, and Adjusted EBIT of $5.82 billionAs the containershipping industry enjoys its greatest boom of a generation, ZIM Integrated Shipping Services Ltd. (NYSE: ZIM) announced its consolidated results for the three and 12 months ended December 31, 2021.Net income for the fourth quarter was $1.71 billion (compared to $366 million in the fourth quarter of 2020), a year-over-year increase of 366%, or $14.17 per diluted share…
Containershipping: VCFI Index Falls for First Time in nearly Two Years
Russia's war in the Ukraine and spiraling oil and marine fuel prices have conspired to drive the VCFI indes to its first loss in 18 months.Change of trend in the indicators that measure the evolution of container transport costs. Valencia Containerized Freight Index (VCFI) fell by 0.19% in February compared to the previous month. After a year and a half of increases, the VCFI breaks its upward dynamic and contracts slightly, in line with the behaviour recorded in recent weeks by other benchmark indices.
A New Onassis? Italy's Sea Captain Swoops on Reborn Alitalia
Sixty-five years after Aristotle Onassis founded Greece's Olympic Airways, another shipping entrepreneur is planning to take to the skies - this time in Italy, where Gianluigi Aponte's MSC has its sights on the successor company to Alitalia.The 81-year-old, known as "the captain" after building his shipping empire from a single vessel, is hoping to forge an air freight and passenger business to dovetail with MSC's sea cargo and cruise operations.But there are big challenges.Alitalia stumbled for years…
MV Charlie delivered to dship; Fourth "Eco-friendly" Newbuild
dship Carriers took delivery of number four of four newbuilds, the MV Charlie, the latest generation eco-friendly F-500 vessel type. The quartet of new ships enhances dship's capabilities in the multi-purpose heavy lift market during a time when cargo slots are rare and the market is tight.dship ordered the four eco-friendly F-500 multipurpose heavy lift vessels—MV Mick, MV Keith, MV Ronnie and MV Charlie—as part of its fleetexpansion program initiated back in 2018. All ships were developed to reduce fuel consumption while increasing stowage flexibility.
Concordia Explores Converting Tankers to Container Carriers
As the tanker market languishes and the containershipping sector drives full speed ahead, Concordia Maritime announced it has embarked on a technical design study on the feasibility of converting several of its tankers to container carriers.Concordia Maritime launched the study together with Stena Teknik and a German consulting company specializing in ship design. The aim is to investigate the feasibility of converting and adapting a P-MAX vessel for container transportation.
Global Container Flows Struggle to Pick Up Speed, Data Shows
Efforts to speed up the movement of goods around the world have yet to solve the supply chain bottlenecks caused by surging demand for retail goods and pandemic-related lockdowns, the latest shipping data shows.Delays at U.S. major ports have been particularly severe, but knock-on effects have also been felt around the world.This week's Lunar New Year holiday in China and across Asia is also expected to aggravate delays.The journey time from China's northern Dalian port to the…
Loadsmart Valuation Hits Over $1 Billion After Funding Round
Freight tech firm Loadsmart Inc said on Tuesday it was valued at $1.3 billion in its latest funding round, led by SoftBank Latin America Fund and funds managed by BlackRock Inc.The company raised $200 million in the Series D funding round from investors including Janus Henderson Group and rail operator CSX Corp.Chicago-based Loadsmart, which helps shipping and trucking companies connect with customers through its platform, plans to use the proceeds to rapidly expand its technology offerings and increase supply chain efficiencies.Founded in 2014, Loadsmart said its carrier network has grown to
New Intermodal Facility Coming to Port of Mobile
The Alabama Port Authority board of directors recently approved a $2.042 million purchase of 272 acres in Montgomery, Ala., to construct an inland container intermodal transfer (ICTF) facility. The project will extend intermodal rail service from the Port Authority’s container intermodal terminal at the Port of Mobile in support of Alabama regional growth in manufacturing, retail, distribution, and agribusiness sectors.“This project will provide our shippers cost-competitive transportation services to and from one of the nation’s fastest growth containerized cargo gateways,” said John C.
CMA CGM to Buy Majority Stake in Delivery Firm Colis Prive
French shipping giant CMA CGM said it had struck a preliminary agreement to acquire a majority stake in French delivery firm Colis Prive, as it continues to build up its logistics business.CMA CGM is to buy 51% of Colis Prive from current owner Hopps Group and will have an option of increasing its stake further. The value of the planned transaction was not disclosed.Marseille-based CMA CGM has been investing in non-maritime services, similar to its container shipping rivals. After buying Swiss logistics group CEVA Logistics in 2019…
Augusteijn Takes the Helm at Stolt Tank Containers
Stolt-Nielsen Limited appointed Hans Augusteijn as President, Stolt Tank Containers (STC), effective February 1, 2022.Augusteijn succeeds Michael W. Kramer, who will assume the role of Executive Vice President, Marketing and Business Development at Stolt-Nielsen Limited.Augusteijn spent 17 years at Maersk in various leadership roles related to container shipping and logistics before joining Stolt Tankers as Director of Strategy in 2019. In his current role, he has been instrumental in developing and implementing Stolt Tankers’ overall strategy. He holds a degree in Logistics and Transport
Container Shipping: Rates Dip in January, Fundamentals Strong says Xeneta
Long-term contracted ocean freight rates fell 3.6% in January, according to the latest Xeneta Shipping Index (XSI) Public Indices, the second consecutive monthly rates decline following 14 straight months of increases. Despite the recent stumble, contracted rates stand 98.1% up year-on-year.“The logistics chain remains stressed,” said Patrik Berglund, CEO of Oslo-based Xeneta, “with demand outstripping supply, port congestion, a lack of equipment and the ongoing pandemic impacting across key global trades.
FMC Addresses Detention and Demurrage, and Data Initiatives
The Federal Maritime Commission met in both open and closed session today to be briefed on efforts to address detention and demurrage, improve supply chain data transparency, and an ongoing investigation of Canadian government regulations that affect U.S. flag Great Lakes shipping. The Commission was also advised of the work its Area Representatives are doing at locations key to shipping around the Nation.Lucille Marvin, the Commission’s Managing Director is leading both the Vessel-Operating Common Carrier (VOCC) Audit Program and VOCC Audit Team…
FMC Takes Action on Container Charges
On January 6, the Federal Maritime Commission announced an “Order of Investigation and Hearing” against Wan Hai Lines, Ltd, a vessel-operated common carrier (VOCC). The order charges that Wan Hai failed to “establish, observe, and enforce just and reasonable regulations and practices relating to its assessment of charges on containers when return locations with corresponding appointments were unavailable.”For FMC, a core issue is that some companies may be taking advantage of U.S. port congestion because established VOCC-truck operations are not working.
Heavy Lift: Liebherr logs a strong 2021; All-Electric Trend is "Clear"
Liebherr reports that it had a record year in 2021 in its maritime mobile harbor crane business, logging an order intake volume of 80+ new units, a record level for the company.Including additional sales of used units, Liebherr mobile harbor cranes were ordered from 31 different countries. The company reports stronggrowth in the Middle East and West Africa regions and stable core markets in Europe as well as North and South America. As in previous years, the LHM 550 is the most popular crane, closely followed by the LHM 420.
Port of Virginia Orders Three More Rail-mounted Gantry Cranes
The Port of Virginia in the USA has ordered three Konecranes Rail-Mounted Gantry (RMG) cranes for its Norfolk International Terminals (NIT) facility. The cranes will be delivered by the end of 2023.The order was booked in November 2021, and follows on the successful deployment of four Konecranes RMGs of a similar design at the Virginia International Gateway (VIG).The Port of Virginia has a fleet of 116 Konecranes Automated RMG (ARMG) cranes working at its Norfolk International (NIT) and Virginia International (VIG) container terminals.
Major POLB Rail Project Still In Check
Whatever happened to the $820 million Port of Long Beach “Pier B On-Dock Rail Support Facility Project?” Well, as a concept, it’s still out there. You can get something of an update from the federal Permitting Dashboard but the project documents to move this forward might as well be hidden among those stacks of containers stuck in San Pedro Bay.The Pier B project would reconfigure the pier’s layout from mostly truck service to an expanded rail infrastructure, facilitating a long-term Port goal that 30 to 35% of containers would be handled by on-dock rail.
The Big Challenges for Supply Chains in 2022
In the run-up to Christmas, there was considerable anxiety about shortages of festive food and gifts. Trade friction was already at the core of the Brexit debate, and supply chain issues have been made much worse by the COVID-19 pandemic.For example, a computer chip shortage had a knock-on effect across many industries. Concerns have also been raised about everything from lithium supply for electric vehicle batteries to restaurant food supplies to even coffee shortages.Never has the issue of supply chain management been so prominent.
Supply Chain Snarls Clog US Online Holiday Sales Growth
U.S. consumer spending on online shopping during the holiday season was weaker than expected, Adobe Analytics data showed, as supply chain issues caused product shortages and delayed deliveries.Consumers spent a record $204.5 billion online over the 2021 holiday season, an increase of 8.6% from a year earlier, Adobe Analytics said in a report on Wednesday.But the figure was lower than the $207 billion expected by Adobe and marked the smallest rise since the company started tracking holiday spending data in 2014.Congested ports…
OASIS Group to Set up Logistics Park at London Gateway
DP World on Tuesday announced that OASIS Group has become the latest business to locate at its port-centric logistics park at London Gateway in the U.K.The 108,973 sq ft warehouse will be taken on a long-term lease by OASIS Group, which provides information management services to clients across the U.K. and Europe.Ernst Schulze, UK Chief Executive of DP World, said, “We are delighted to welcome OASIS Group to our port-centric logistics park at London Gateway which is home to supply chain solutions, high-quality warehousing and light manufacturing.
CSX Intermodal NC get Crane Upgrade
Liebherr Container Cranes delivered three fully automated rail mounted gantry cranes to the CSX Carolina Connector Intermodal Terminal (CCX) in Rocky Mount, North Carolina, 'cabin-less' units that feature Liebherr Remote operator Stations (ROS) for supervised moves and exception handling.The widespan RMGs have a span of 165 ft. (50.292 m), a lift height over rail of 50 ft. (15.24 m) and cantilevered outreaches both sides with a safe working load of 40 long tons. Within the span…
Dry Bulk: Heavy Rains Disrupt Shipping in Southeast Brazil
Heavy rainfall in southeastern Brazil has prompted miners including Vale SA to suspend some operations, they said on Monday, after downpours caused deadly floods in the northeast and threatened to delay harvests in the midwest.Rainfall is expected to remain heavy this week in most of top mining state Minas Gerais, after runoff closed roads and railways.The rains may also have contributed to the dramatic collapse of a canyon rock face in the state on Saturday, killing 10 people visiting a waterfall on boats.In the northeastern state of Bahia…
The Latest Supply Chain Snafu: Shortage of McDonalds French Fries in Japan
While the supply chain mess has left consumer globally wanting for everthing from cars to treadmills, the latest hit is arguably the worst: a shortage of McDonalds french fries in Japan's roughly 2900 branches!Japanese customers will have to settle for a small serving of McDonald's fries for the next month or so after the fast-food chain said it was limiting portions due to shipping problems.
Global Supply Pressures May Be Nearing Peak
The historically high pressures on global supply chain networks that have contributed to shortages of key goods and materials and a surge in inflation may have peaked, according to a new index released by the New York Federal Reserve on Tuesday.The Global Supply Chain Pressure Index (GSCPI) surged early in the pandemic when China imposed lockdown measures. Pressures eased as production resumed but picked back up during the winter of 2020 as COVID-19 infections jumped."More recently…
2022 & Beyond: Will the Container Carrier Debacle Ever End?
When the global supply chain runs smoothly, it’s like a well-choreographed dance. Everything comes together elegantly and effortlessly. But when someone misses a step, the show can quickly turn into a disaster. And that’s what’s currently unfolding before our eyes, headline after headline.Those of us in the supply chain industry know it takes a Herculean effort to keep the wheels of commerce turning without so much as a squeak or rattle. And it’s going to take just that to get…
Christmas Supply Chain Crisis Averted, Biden Says
President Joe Biden said U.S. actions to eliminate supply-chain snarls have staved off a pre-Christmas crisis, ahead of a meeting with U.S. officials and private-sector companies, including FedEx, on Wednesday.Biden created a task force in June to address high prices and shortages of consumer goods and crucial components, thanks to pandemic-related labor and demand issues.After pushing for round-the-clock port operations, new transport rules and enlisting the help of big retailers including Walmart Inc.
SeaTac Marine Welcomes First International Lumber Shipment
SeaTac Marine Services announced it has welcomed its first shipment of international lumber and wood products as a result of their recent U.S. Customs and Border Protection FIRMS code approval.Nearly 1,600 short ton of wood products were offloaded at the SeaTac Marine Services facility in Seattle and transshipped via rail and truck.SeaTac Marine Services is one of the few private pier facilities in Seattle with onsite rail access.
LA, Long Beach Container Dwell Fee on Pause Until December 20
The Port of Los Angeles and the Port of Long Beach announced Monday that consideration of the “Container Dwell Fee” would be held off another week, until December 20.Since the fee was announced on October 25, the twin ports have seen a combined decline of 47% in aging cargo on the docks. The executive directors of both ports will reassess fee implementation after another week of monitoring data.Under the temporary policy approved October 29 by the Harbor Commissions of both ports…
US Retail Imports Grow at Record Pace Despite Pandemic
Imports at the United States’ major retail container ports are expected to end 2021 with both the largest volume and fastest growth on record despite supply chain disruptions brought on by the COVID-19 pandemic, according to the monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates.“This has been an unprecedented year,” said Jonathan Gold, NRF Vice President for Supply Chain and Customs Policy. “We’ve seen more disruption than ever before because of issues along every step of the supply chain and continued strong consumer demand…
Stena Line to Open New Daily Route to Finland
Stena Line plans to enter the Finnish market with a new daily route from Hanko in Finland to Swedish Nynäshamn, a step in the carrier's ambition to strengthen its position in the Baltic Sea. Starting with one ferry in February, the new route will be served with two vessels with daily departures from each port as of May 2022.”With our new daily route between Hanko and Nynäshamn, we heavily expand and strengthen our position in the Baltic Sea. Growing with our customers, we are…
Insurance Insights: WTW Launches Forum to Mitigate Growing Port, Terminal Risk
Ports and terminal operators are entering a new era where the operational threats they face – both old and new – will make a return to ‘business as usual’ increasingly unlikely, even once the pandemic finally subsides.Transition to new technologies and digitally enabled systems, addressing the impact of climate change, defending against cyberattacks and shifting geopolitics will couple with traditional supply chain and operational risks to change the face of the sector.According to Global Port Trends 2030…
China Forms New State-owned China Logistics Group
China formally established a new state-owned logistics group on Monday, state broadcaster CCTV reported on Monday, to strengthen domestic and global supply chains amid widespread disruptions caused by the pandemic.China Logistics Group aimed to become a “global supply chain organizer" by developing international trade links and freight services, as well as cross-border e-commerce, CCTV said.The new company was formed through a merger of China Railway Materials, China National Materials Storage and Transportation Group…
Walmart CEO Says Supply Chain Bottlenecks Easing
Walmart Inc Chief Executive Doug McMillon on Monday hailed the Biden administration's efforts to ease supply chain bottlenecks as the holiday season gets underway, noting the decision to extend port hours was having a positive impact on the flow of goods."We are seeing progress. The port and transit delays are improving," McMillon told President Joe Biden during a White House meeting with CEOs to discuss supply chain issues."Because of what you all did to help with overnight hours…
Biden to Meet With CEOs on Supply Chain Amid New COVID Threat
President Joe Biden planned to meet with chief executives of major retailers and other companies on Monday to discuss how to move goods to shelves as the U.S. holiday shopping season begins in the shadow of the Omicron coronavirus variant.Biden, who is wrestling with U.S. inflation that recently hit a 31-year high, has taken measures to try to break supply chain logjams including unclogging ports and expanding trucker hours.The Democratic president has also sought investigations…
White House Lauds Easing of Supply Chain Clogs, Cites Shipping Competition Concerns
The White House on Wednesday lauded improvements in clogged U.S. supply chains, with more goods moving than ever before, but said more work was needed to ensure fair competition in a global shipping sector dominated by three alliances of ocean carriers.In a new blog, the White House National Economic Council said the Federal Maritime Commission (FMC), an independent agency, was already investigating excessive shipping fees, but should consider using other tools, including challenging…
Plaquemines Port and APM Terminals Ink Operating Agreement
Plaquemines Port, Harbor and Terminal District (PPHTD) and APM Terminals have announced a Letter of Intent whereby APM Terminals will become the operator of the newly planned Container Terminal and Intermodal Rail Facility and external parties will be the investor in the new port. Plaquemines Port and their financial partners will manage the financial activities associated with the infrastructure development, investment, and ownership of the port.Governor of Louisiana John Bel Edwards applauded the announcement of the agreement.
Floods Cut Rail Access to Canada's Vancouver Port
The port of Vancouver, Canada's largest, said on Tuesday that all rail access had been cut by floods and landslides further to the east, a development that could hit shipments of grain, coal and potash.The Globe and Mail newspaper said a mudslide had swept cars off the road near Pemberton, some 100 miles (160 kilometers) to the northeast of Vancouver, killing an unspecified number of people."There were some fatalities that were discovered," it reported, citing local search and…
As Port of Los Angeles Import Backups Ease, Empty Containers Pile Up
The number of container ships waiting to enter the busiest U.S. seaport complex hit a new record of 84 on Tuesday, as growing piles of empty containers crowd docks at the Southern California facility that has been racing to remove lingering imports.The conundrum illustrates the challenge faced by a U.S. government task force charged with tackling supply chain snarls that are contributing to product shortages and inflation.U.S. ports have been inundated with cargo since the pandemic shifted spending away from restricted entertainment like travel and dining out to physical goods.
MSC Adopts Standardized Depot Codes
MSC Mediterranean Shipping Company (MSC) announced it has fully adopted BIC Facility Codes (BFC) for all depots globally. Just like airports worldwide have the three letter IATA codes, all MSC’s depots are now identifiable with a nine-character BFC, moving one step further on the digitalization journey. The transition process was completed across 2021, in order to ensure that every MSC depot globally was included.MSC said it sees this as a vital step forward. Today, there is a lack of a common language throughout the industry…
Port of Hamburg Sees Volatile Transport Chains for Rest of Year
Europe's third largest harbor, the German Port of Hamburg, reported a 2.9% hike in sea cargo in the first nine months of 2021 on Tuesday but warned that global transport chains would remain volatile for the rest of the year.Global trade has been marred by logjams in container ports caused by disruptions from unexpected demand spurts, labour shortages and traffic snarl-ups amid the coronavirus pandemic.The crisis has weighed particularly heavily on Germany, which is Europe's largest…
WTO Says Goods Trade Slowing Due to Supply Issues, Cooler Demand
Global goods trade is slowing after a sharp rebound following the initial shock of the COVID-19 pandemic as production and supply disruptions and cooling demand for imports dampen growth, the World Trade Organization said on Monday.The WTO said its goods trade barometer dropped to 99.5 points, close to the baseline of 100, in November following a record reading of 110.4 in August.The Geneva-based trade body said supply shocks, including port gridlock arising from surging import demand in the first half of the year and disrupted production of goods such as automobiles and semiconductors, had co
CULines makes inaugral call at DP World's Jebel Ali Port
DP World's Jebel Ali Port received China United Lines Ltd. (CULines) first vessel to call Middle East by welcoming MV CUL HUIZHOU. Arriving from Qingdao in China, the vessel reached the port in the UAE on 27 October 2021.The vessel and its crew led by Captain Wang Lei were welcomed by Shahab Al Jassmi, Commercial Director, DP World UAE. Al Jassmi handed over a plaque to the Master of the vessel in the presence of Darico Dai, Owners Representative, CULines and other senior officials.“The…
FMC Examining How Data Can Improve Ocean Cargo Velocity
The U.S. Federal Maritime Commission (FMC) said it has set out to identify data constraints that impede the flow of ocean cargo and add to supply chain inefficiencies as severe bottlenecks continue to hamper global supply chains.Launched at the direction of FMC Chairman Daniel B. Maffei and spearheaded by Commissioner Carl W. Bentzel, the initiative seeks to to pinpoint how data can contribute to the long-term reliability of the domestic cargo delivery system. It will also aim to propose recommendations for common data standards used by the international shipping supply chain…
Biden Names Landrieu to Oversee Infrastructure Plan
President Joe Biden named former New Orleans Mayor Mitch Landrieu to oversee implementation of the $1 trillion infrastructure plan, the White House said on Sunday.Landrieu, also a Democratic former Louisiana lieutenant governor, led New Orleans from 2010 to 2018. He played a key role in helping the city rebound from the devastating Hurricane Katrina in 2005.Biden, who will sign the infrastructure bill into law on Monday, named Landrieu senior adviser responsible for coordinating implementation of the bill that includes big jumps in spending on roads…
Vestas Partners with Maersk on Containerized Transport
Wind turbine manufacturer Vestas and shipping giant Maersk have formed a long-term strategic partnership for all containerized transport, including door-to-door transport from the company's suppliers to their factories and service warehouses as well as containerized site parts and transport equipment.The partnership, which becomes effective January 1, 2022, also includes all airfreight shipments, but not non-containerized road transport and outbound transport, which will continue to be managed by DSV and other partners.By partnering with Maersk…
US FTC to Consider Study on Supply Chain Concerns
The U.S. Federal Trade Commission will vote next week on whether it will study if supply chain disruptions have affected competition, the agency said in a statement describing the agenda as tentative.The meeting will be held on November 18, the statement said.Faced with long delays in getting goods into U.S.
Strong Demand, Supply Chain Strain Persist, says Xeneta
Ocean carriers remain in pole position in negotiations for long-term freight contracts, with high demand, port congestion, and supply chain disruption driving further rates increases. According to the Xeneta Shipping Index (XSI) Public Indices, long-term rates recorded their tenth consecutive month-on-month rise in October, climbing by 2.2%. The indices now stand at a colossal 93.1% up year-on-year, with little hope of relief on the horizon for embattled shippers.The past few months have seen long-term ocean freight rates climb by 3.2% in September, 2.2% in August and a huge 28.1% in August.
Finnlines to Debut Larger Ship on Kapellskär - Naantali Route
Finnlines will introduce a larger vessel on the Kapellskär – Långnäs – Naantali route on January 27, 2022, increasing cargo footage capacity by an additional 1200 meters. The larger RoPax ferry MS Europalink will replace the current MS Finnfellow on the route. MS Europalink is 219m long and can carry 500 passengers, and has a total cargo footage capacity of 4,200m. MS Europalink will operate on the route together with the vessel MS Finnswan, making 14 calls a week at Port of Kapellskär.“It is very positive that our RoRo customer is continuing to expand and develop at Port of Kapellskär.
Reefer Shipping Exhibit Area Opens at Hamburg Maritime Museum
A new exhibition area on the subject of "Reefer Shipping - Transport of Perishable Goods" is attracting visitors to the International Maritime Museum Hamburg (IMMH). Starting October 19, 2021, this new part of the exhibition on deck 6 will present everything on the subject of reefer shipping, using the Hamburg Süd as an example. From the beginning of reefer shipping in 1877 to the present day, the entire spectrum of development is presented to visitors to the IMMH using ships…
US Port's Supply Chain Fix Challenge: Selling 24/7 Shifts
The Port of Los Angeles is beginning the hard work of convincing terminal operators, importers, warehouses owners and trucking firms to embrace moving more cargo at night."It's not a single lever we can pull today to open up all the gates," Executive Director Gene Seroka said on Thursday.On Wednesday, the White House gathered stakeholders including retailers Walmart and Home Depot, logistics firms United Parcel Service and FedEx, and electronics supplier Samsung. The companies…
US Supply Chain Too Snarled for Biden Christmas Fix, Experts Say
President Joe Biden is pushing to ease supply shortages and tame rising prices in time for Christmas, but unsnarling U.S. supply lines could take far longer, experts told Reuters.Biden brought together powerbrokers from ports, unions and big business on Wednesday to address shipping, labor and warehousing pain in the U.S. supply chain, and announced new around-the-clock port operations in Los Angeles.As his Republican opposition seizes on possible Christmas shortages to connect Biden's economic policies to inflation…
Ports Pushing to Ease Holiday Bottleneck, Biden Says
President Joe Biden on Wednesday launched an effort to ease supply chain blockages that are threatening to disrupt the U.S. holiday season, relying on expanded port and shipping operations and urging other businesses to speed up operations.The moves were a first step, Biden said, to pushing supply chains in the United States, the world's biggest consumer economy, to operate faster.Biden brought together powerbrokers from ports, unions and big business to hash out how to speedily address a backlog of products that includes 500…
White House Working to Ease Shipping Bottlenecks
President Joe Biden will host a meeting on Wednesday to hail progress in addressing supply chain problems weighing on the economy and threatening the holiday season, while he asks business and union leaders to do more to ease shipping backlogs.The Port of Los Angeles is going to 24/7 operations to ease the shipping snarl there and at the Port of Long Beach, a senior administration official told reporters ahead of the meeting.In addition, three large carriers of goods - Walmart…
Choked Port Won't Cancel Christmas, Britain Says
Britain said on Wednesday that people should buy normally for Christmas and there would be no shortage of gifts after shipping containers carrying toys and electrical goods were diverted from the country’s biggest port because it was full.Maersk, the world’s largest container shipping company, has diverted some vessels from Felixstowe port in eastern England because a lack of truck drivers means there is nowhere left to stack containers at the port.“I’m confident that people will be able to get their toys for Christmas,” Conservative Party co-Chairman Oliver Dowden told Sky.
ZIM Establishes Digital Freight Forwarding Company
ZIM Integrated Shipping Services Ltd. on Wednesday announced the creation of a new subsidiary, Ship4wd, a digital freight forwarding platform offering an online self-service end to end shipping solution.Launching October 18, 2021, Ship4wd is intended to be a one-stop-shop international shipping service targeting U.S. and Canadian small and medium-sized businesses importing and exporting from China, Vietnam and Israel, ZIM said. The Ship4wd platform consists of both sea and air shipping services up to the final destination…
Global Supply Disruptions Could Still Get Worse, Central Bankers Warn
Supply constraints thwarting global economic growth could still get worse, keeping inflation elevated longer, even if the current spike in prices is still likely to remain temporary, the world’s top central bankers warned on Wednesday.The disruptions to the global economy during the pandemic have upset supply chains across continents, leaving the world short of a plethora of goods and services from car parts and microchips to container vessels that transport goods across the seas.“It’s ...
BIMCO: Iron Ore Spot Rates Spike 163%
As the average length of the journey increases, partly due to port congestions in China, soaking up capacity and pushing up spot rates, shipowners will likely be enjoying high freight rates until the end of the year.Iron ore spot freight rates from Western Australia, to Qingdao, China have jumped 163% to USD 21.82 per tonne on 28 September 2021 compared with the same time last year. For a very large ore carrying Capesize ship transporting 200,000 tonnes of iron ore, this represents an increase in freight revenue from USD 1.66 million…
Supply Chain Shocks: Ocean Shipping Challenges Abound
Supply chain issues tied to liner shipping have been front page news throughout 2021; just about everyone agrees that there’s a problem. The underlying cause is right out of Economics 101: a surge in demand for moving containerized cargo, in the face of “inelastic” throughput capacity (which includes vessels and their landside interfaces to surface transportation, trucks and rail) that could not handle the swell, attributable to re-stocking of containerized cargo as economic activity recovered from the pandemic induced jolts.
China's Coal imports from Australia Plummet 98.6%, but India, S. Korea fill the Gaps
In the first seven months of the year Chinese coal imports from Australia have totalled just 780,000 tons as Chinese restrictions on Australian coal have started to hurt, according to Oceanbolt. This represents a 98.6% drop compared with 56.8 million tonnes in the same period in 2020.In the first seven months of 2020, 697 voyages were made carrying coal between Australia and China. Out of these, 59.1% were on Panamax ships while Capesize ships proved the second most popular, accounting for 35.3%.
Shipping Hurdles Pare Brazilian Coffee Exports
Exports of green coffee from Brazil, the world's largest producer, fell 27% in August from a year earlier to 2.33 million bags as difficulties to find containers and space at vessels increased in the last weeks, industry group Cecafe said on Monday.Cecafe said in a monthly report that around 3.5 million bags of coffee could not be shipped in time this year due to shipping hurdles, causing losses of around $500 million to the country's coffee exporting industry.(Reporting by Marcelo Teixeira)
2021: The Year of the Containership
What’s not to like about 2021 for container shipping? Freight rates are record high, record amounts of cargo are shipped across the Pacific Ocean, as well as globally, and the previous yearly record for new container ship orders has just been broken (measured in capacity) in less than eight months.As a result of very healthy shipowner bottom lines and carriers experiencing a lack of tonnage, 619 container ships are now on order for future delivery. Of those, 381 have been ordered in 2021 alone and never has 3.44m TEU been ordered in such a short time span.
Logistical Bottlenecks Seen Limiting India's Soymeal Imports
Indian traders are scrambling to secure prompt shipments of soymeal after New Delhi relaxed rules to allow the import of 1.2 million tonnes of the animal feed, but logistical bottlenecks could limit volumes to less than 400,000 tonnes, industry officials told Reuters.New Delhi on Tuesday allowed imports of genetically modified (GM) soymeal for the first time to help the poultry industry after soymeal prices tripled in a year to a record high.But the government said shipments must arrive before Oct.
Port of València: Spanish Wine Exports Rise 54%
The work of Spanish wineries finds an ally in the Port of Valencia so that a white wine from Rueda can be drunk in Sydney, a red from Rioja can be bought in a shop in New Caledonia and a DO Cariñena in a luxurious restaurant in the United Arab Emirates. Spanish wines cross borders and from the docks of the València port area they find a destination in 130 countries, 70% of the world. The possibility of accessing new markets increases the sales of Spanish bottled wine, which is…
Chinese Iron Ore Imports Fall to 14-month Low in July - BIMCO
Chinese iron ore imports fell to 88.5 million tons in July, the lowest level since May 2020. The fall in July means that accumulated imports are lower than in the first seven months of 2020. Imports this year have totaled 649 million, a 1.5% decline from January to July 2020. In July, imports were down 21.4% from the same month in 2020 when they reached a record high of 112.7m tonnes.Steel production declines following government restrictionsIn addition to the July drop in iron…
Brexit Has 'Significantly Altered' Irish-British Freight Traffic
Post-Brexit trade frictions have "significantly altered" freight traffic between Ireland and Britain and sparked a steep rise in volumes to and from Ireland and other European Union members, an Irish government agency report said on Thursday.The introduction of checks on some goods since neighboring Britain left the EU's trading orbit on Dec. 31 cut imports from Britain by 35% in the first five months of 2021 while the number of shipping routes to mainland Europe more than doubled.So…
Seismic Isolation System for Pair of Quayside Container Cranes
A seismic isolation system provided by Casper, Phillips & Associates Inc. (CPA) has been installed on two quayside container cranes.The crane base anti-seismic isolation system (BASIS) is built on non-linear time history analysis (NLTHA) and is designed to protect the crane main structure from damage even in contingency level earthquakes. BASIS has been successfully installed and commissioned on two cranes that are in a major seismic zone in Turkey. The cranes, installed at Asyaport, have a 100 ft. (30.48m) gantry span, 223 ft. (68m) outreach, 66 ft. (20m) back-reach, and 152 ft.
Maersk Shopping Spree Continues Following Strong Earnings
Maersk bought two e-commerce companies on Friday and said more acquisitions were coming soon as the world's biggest container shipping line boosts its bet on land-based services.Maersk, which handles one in five containers shipped worldwide, aims to expand its land-based logistics services, hoping to gain a larger share of the supply chain from existing shipping clients such as Puma and Walmart.It bought Visible Supply Chain Management and B2C Europe, both specialised in e-commerce, for a combined enterprise value of $924 million, Maersk said."It won't be long before we have a logistics busine
USACE Gets 'Strong Funding' for FY22 by House Committee
Waterways Council, Inc. (WCI) applauded approval by the House Appropriations Committee (by a vote of 33 to 24) of strong funding for the U.S. Army Corps of Engineers for Fiscal Year 2022 (FY22). The Committee provided overall funding for the Corps’ Civil Works Mission for FY22 at $8.66 billion, an increase of $863 million above FY21’s appropriated level, and $1.9 billion above the President’s FY22 budget request.“WCI is pleased that the House Appropriations Committee has increased funding for the Corps of Engineers’ critical work…
Low River Water Levels Choke Argentine's Ag Exports
Ships leaving the Argentine agricultural ports hub of Rosario on the Parana River are having to reduce cargos by thousands of tonnes due to low water levels, the local head of logistics said on Wednesday, amid growing environmental concerns.Dryness in Brazil, where the Parana originates, has diminished cargo traffic and sparked worries by environmentalists about dredging the river below certain depths. The dryness has reduced the amount of cargo that can be carried by ships at the height of the Argentine corn and soy export season."Handymax ships are leaving port with 9…
Port Logistics: Autonomous Port Truck System for CSP Abu Dhabi Terminal and Khalifa Port
CSP Abu Dhabi container terminal, the first greenfield project of COSCO SHIPPING Ports Limited (CSP) operating within Abu Dhabi Ports’ flagship deep-water port Khalifa Port, announced its terminal will be the first in the Middle East to implement an autonomous port truck system.After two months of trial, six electric Q-Trucks will be commissioned by CSP Abu Dhabi Terminal and tasked with supporting mother vessel loading and unloading activities within the facility’s container yard.Produced by Qomolo…
Want to Buy a Used Containership? Supply Tightens, Prices Soar, Feeder Ships Rule
BIMCO’s Shipping Number of the Week: Secondhand container ship deals jump over 100% in H1 2021During the first half of 2021, a total 277 container ships have changed hands, a 103.7% jump from 136 ships bought and sold in the same period of 2020 (source: VesselsValue). The jump testifies to a red-hot container market that has fueled demand for tonnage, not only in the charter market, but also for secondhand ships. A total of 922,203 TEU found new owners, with an average ship size of 3,403 TEU.
A Freight Forwarder Is Using Drones to Beat Backed Up Supply Chains
Leading German freight forwarder Hellmann will start using unmanned planes operated by Bulgaria's Dronamics from next year to speed up deliveries of vital goods in Europe and work around stretched supply chains, executives involved say.Global disruptions due to COVID, reduced air activity and major congestion at ports due in part to backed up container ships have upended logistics networks over the past year with companies looking for ways to ease pressure.Hellmann Worldwide Logistics said using drone planes developed by Dronamics was "a real game changer"."At the moment we are seeing a lot of