Soaring rate levels and deteriorating service from carriers has aroused regulator interest, but in a thoroughly disrupted market, Hapag-Lloyd sees this as a positive development. India transshipment gains are noteworthy for a region sporting excess port capacity, but there is little relief for cargo owners getting bombarded with an unrelenting wave of carrier general rate increases. A penny whistle, harps and Uillean pipes make for a genuine Celtic feel to this soundtrack. The Baltic Exchange’s main sea freight index touched its highest level since mid-January on Thursday, driven by higher panamax and supramax vessel rates. With the deployment of LNG-powered ships in the trans-Pacific trade, CMA CGM is banking on North American shippers taking greater interest in the carbon output of their supply chains in the coming years. Industry analyst Lars Jensen says container carriers have finally figured out how to prevent the volatile pricing swings of past years through capacity management and right-sizing of vessels for various trade lanes. News in-depth Chinese business & finance China’s exporters hit by global shortage of shipping containers Disruption to supply chains lengthens delivery times and leaves goods waiting at ports California’s request for the Federal Maritime Commission to take immediate action on export delays shows political pressure is mounting to deal with Southern California port congestion that began over the summer. Global Shipping, Maritime and Offshore Marine News. home | file cabinet | global network | news outlet | online app | rate request | scheduling | trade tools | usa locations | what we do © 2021 Sea Shipping Line (California) Inc., 520 3rd Street, Suite 207, Oakland, … Directed by Lasse Hallström. Net profit of $144.4 million in Q3 2020, an all-time record! Breakbulk Shipping: The MPP Fleet Prepares for The Global Energy Transition, The New Frontier in Global Logistics Technology: Linking Customer Expectations to Customer Promise, Trucking Market Report: First Quarter Review & Outlook, Disruptive 2020 an accelerant for digital decarbonization tools, Manufactured hurdles impede progress on decarbonization goal, Tackling Wind Transport in the Pacific Northwest, How to Level-Up Your Logistics Tech Stack (without Heavy-Lifting), TPM21: Surprise demand, not greed, sent container rates soaring, US House members seek monthly updates on FMC’s ag export probe, Maersk joins Singapore ammonia bunker supply chain study, Twill, Freightos launch instant container quote pilot, Expecting record sales, US retailers up import projections, Strong demand, rates drive big gain in Cosco’s 2020 profits, COVID-19 disruption boosts Indian LCL cargo demand, Senators support FMC probe of alleged US agricultural export denials, TPM21: Container lines expected to retain pricing power, project44 addresses container visibility gap with Ocean Insights acquisition, Houston containership limit may be anti-competitive: FMC commissioners, TPM21: Widdows says e-commerce boom changing peak shipping periods, TPM21: Maersk’s Clerc says pandemic surge not likely to push new vessel orders, New vaccination site set to boost labor pool at LA-LB port complex, TPM 21: US importers may need ‘second rate’ to secure trans-Pac capacity, Trans-Atlantic braces for rate hikes as capacity shifts elsewhere, TPM21: Carrier CEOs say trans-Pacific disruptions expose contract limits, TPM21: Improving economy to keep trans-Pac demand robust, Rates hold as European demand for Chinese goods bucks seasonal trend, Mainline capacity woes keep South India rates elevated amid transshipment efforts, Asia–ECSA cargo demand to remain strong as rates stabilize, say forwarders, Global container carrier reliability plumbs new depths in January, TPM21: CMA CGM to deploy first LNG ships on US-Asia trade in 2021, Ex-China container contract rates rising on sustained demand, TPM21: CMA CGM’s Saadé blames disruption for elevated rates, low service, JOC Rankings: Niche carriers gained share of up-and-down trans-Pacific trade in 2020, Maersk signs up to build giant European ammonia plant, Forwarders largely unable to service rising SOC demand: survey, Importers face toughest trans-Pacific service contract talks in years, Maersk vessel loses 260 containers in rough seas, Trans-Pacific container system slows under Asia import surge, Regulator scrutiny is ‘fair and square’: Hapag-Lloyd CEO, Maersk VC veterans launch supply chain startup fund, Slower container circulation cripples global shipping system, Surge of US imports from Asia in January extends peak into 2021, Some shippers gaining competitive edge via higher industry rates, New normal in LA-LB means port congestion at least until summer, H2 2020 import surge kept container ships in ports longer, Air cargo rates will remain elevated for three years: TIACA, UP assessing first-ever March peak surcharge in California, Container backlog at NY-NJ push dray rates to new highs, Inland Podcast: Warehousing, Intermodal Insight with CenterPoint Properties, East Coast Supporting Investment By Long Beach. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain, artificial intelligence, and the Internet of Things. US retailers project that continued growth in on-line shopping, as well as increasing in-store shopping, will power double-digit increases in imports through June. Maersk’s Vincent Clerc says COVID-19 tested the industry’s limits on bringing spare capacity to shippers, but there is no need to add new ships just yet. Shipping - latest news, breaking stories and comment - The Independent. Since demand will likely exceed capacity this year in the eastbound trans-Pacific, large importers are advised to lock in some cargo at competitive contract rates while ensuring capacity at higher rates for shipments that exceed their MQCs. The race for multimodal visibility is heating up as project44, fresh off a $100 million funding round, acquires container visibility specialist Ocean Insights for an undisclosed amount. For ZIM most recent news please click here. The way container shipping contracts are structured between shippers and carriers has left both parties with greater exposure to the highly disrupted market. Just when the container shipping system needed more capacity to handle resurgent volumes, the reduced circulation of containers caused a contraction in available capacity, driving up rates and further compounding massive cargo delays. Register for free Daily, Weekly and Breaking News alerts delivered directly to your inbox. Entering annual trans-Pacific contract talks, carriers — in a position of negotiating strength after months of sustained demand growth — are signaling they will push for less free time and resist expanding volume commitments without significant rate increases. Container freight rates from Asia to South America have come down from record highs but are unlikely to fall any further due to sustained demand that has crimped capacity and container supply. At a time when the container shipping landscape is constantly evolving, and market dynamics present increasingly complex challenges for the shipping industry, the JOC provides up-to-the-minute news, analysis and business intelligence about the container lines that transport most of the world's trade including Maersk, COSCO, Hapag-Lloyd, CMA CGM, MSC, ONE, Yang Ming, Zim Integrated Shipping Services, and many others. In announcing its new Oakland service, the president of CMA CGM and APL in the United States says he does not expect congestion in Southern California to clear up until at least June. The Shipping News (bra: Chegadas e Partidas [1] [2]; prt: The Shipping News [3] [4]) é um filme estadunidense [5] de 2001, do gênero drama romântico, realizado por Lasse Hallström para a Miramax Films, [5] com roteiro de Robert Nelson Jacobs baseado no romance homónimo de E. Annie Proulx. Hellenic Shipping News Online Daily Newspaper on Hellenic and International Shipping Momentum toward digital quoting and booking in ocean shipping is undeniable, but it remains to be seen whether shippers and forwarders will demand — and container lines are actually capable of delivering — truly dynamic pricing. General cargo ship PAC CANOPUS suffered engine failure and had to emergency anchor in the morning Mar 5 off Elsfleth, lower Weser river, Germany, while proceeding downstream from Bremen. The head of Maersk’s venture capital arm, and his counterpart on the business side of the container line, are starting a new independent fund to invest in later stage supply chain and logistics startups. The “peak” shipping season in the eastbound trans-Pacific began last summer and continued right through January, with no significant drop in US imports from Asia in sight. If carriers are successful in reducing the number of days shippers can hold containers before being charged detention fees, some shippers may have to adjust warehouse operations so they can unload and return containers to carriers more quickly. [5] Maersk’s small shipper offering Twill and logistics software provider Freightos are testing a new workflow that will for the first time redirect shippers from the Freightos rate marketplace to a service provider’s shipment management platform. At a time when the container shipping landscape is constantly evolving, and market dynamics present increasingly complex challenges for the shipping industry, the JOC provides up-to-the-minute news, analysis and business intelligence about the container lines that transport most of the world's trade including Maersk, COSCO, Hapag-Lloyd, CMA CGM, MSC, ONE, Yang Ming, Zim Integrated … student loans Seaspan adds more container ships to its orderbook Shipowner Seaspan continues to expand its fleet, this time acquiring eight new ships, all of which will be equipped with scrubbers. Maersk expanded deeper into landside logistics during 2020, strongly boosting its non-ocean revenue during a highly profitable year. Maersk’s Vincent Clerc says COVID-19 tested the industry’s limits on bringing spare capacity to shippers, but there is no need to add new ships just yet. ... Analysts tally tanker fallout after OPEC+ stuns market with decision to hold the line of production cuts. MSC is a world leader in global container shipping and a company that prides itself on offering global service with local knowledge. Oil rallies toward USD 65 with Saudi supply gamble reverberating March 08, 2021. JOC.com regularly updates its proprietary data about the activity of largest ports, container lines, breakbulk lines and other stakeholders in the maritime shipping sector. The Maersk Eindhoven on Friday was proceeding to an Asian port for repairs after losing 260 containers overboard in heavy seas. Visit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. The Shipping News is a 2001 Canadian-Swedish-American drama film directed by Lasse Hallström, based on Annie Proulx's Pulitzer Prize-winning book of the same title.. The opening of a large vaccination site at the Port of Los Angeles is expected to contribute immediately to greater labor availability in the Los Angeles-Long Beach port complex. Maersk believes the growth in Indian LCL trade is more pronounced among retailers for their sourcing from China and domestic automakers scrambling to secure spare parts to meet resurgent vehicle demand. The Swiss-based line will apply... Read more. The Mediterranean Shipping Company (MSC) has announced several new charges from European origin ports, which will take effect next month. The trans-Atlantic has largely managed to avoid the extreme rate increases of the other east-west routes, but that may be about to change. Coverage also includes the impact of recent industry mergers and acquisitions, and of emerging new technologies such as blockchain , artificial intelligence, and the Internet of Things. Freight News. FMC Commissioner Carl Bentzel said rerouting ships to the ports of Seattle and Tacoma could take up to six weeks, but he doesn’t see a better alternative to easing Southern California port congestion. How a tiny Indian team lets Uber launch medicines delivery in the US. A global scarcity of containers could push cargo owners to invest in so-called shipper-owned containers, but the majority of forwarders surveyed by container selling and leasing platform Container xChange weren’t able to supply such a service. Shipping News. The Texas legislation being questioned by two Federal Maritime Commissioners stemmed from concerns among non-container port users that the growing volume of containerships calling Houston are disrupting the ability of other vessels to transit in an efficient manner. European box carriers introduce new Med charges. Hellenic Shipping News Worldwide Hellenic Shipping News Worldwide, Online Daily Newspaper on Hellenic and International Shipping Regulators have now fined ocean carriers Wallenius Wilhelmsen Ocean (WWO), NYK RORO, and “K” Line a total of $63 million for price fixing on vehicle shipping services on routes to Australia. Container freight rates from Asia to South America have come down from record highs but are unlikely to fall any further due to sustained demand that has crimped capacity and container supply. Entering annual trans-Pacific contract talks, carriers — in a position of negotiating strength after months of sustained demand growth — are signaling they will push for less free time and resist expanding volume commitments without significant rate increases.
Flipkart Recharge Jio, Books On Finding Your Self-worth, Valentine Visa Gift Card, Kelly Buchberger Family, Saga Car Insurance Telephone Number, Don S Davis Tribute, How To Change Bank Details In Tally Erp 9 Invoice, Denzel Washington Movies 2021, Virgin Gift Card Coronavirus,