Shipping line profits just keep growing
The operational efficiency of shipping lines are reaching dizzying levels, with the leading carriers generating an average operating margin of 57.4%, versus an average of just -0.2% in the decade preceding the pandemic.
All carriers reported higher margins in the latest quarter, compared to 55...
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China Update; Testing prompts Shanghai lockdown scare
With individual district lockdowns and mass testing again underway, the trade press have been reporting that Shanghai could go back into lockdown, which would be a major disruption as we enter the traditional peak season.
It’s been just six weeks since Shanghai emerged from its two-month zer...
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Strikes put sea freight capacity and reliability under further strain
Despite the UK’s recent rail strikes having little impact on container movements, the global increase in workplace militancy will inevitably start to disrupt supply chain operations, adding to port congestion.
In the same week that the RMT union ran its first week of strikes, road, rail and ...
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Interpreting mixed US peak season signals
With the Asia/Europe trade typically mirroring trans-pacific trends within weeks, we are watching how much US importers are pulling back on orders from Asia, and the degree to which container lines will adjust capacity, if demand suggests a slack US peak season, or alternatively a hectic and cong...
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Ports struggle to clear congestion ahead of peak
The re-opening of Shanghai after its extended COVID lockdown has not triggered the surge of sea freight that had been feared, but while volumes softened as a consequence, many UK and North European ports are still struggling with congestion.
High yard densities at container terminals and inlan...
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Two thousand dollars penalty for container weight mis-declaration
The accurate weighing of a container is a legal requirement, that is critical for safe handling and correct vessel stowage, to avoid stability-related issues which may contribute to capsizing or sinking of the ship, with severe penalties for non-compliance.
The Verified Gross Mass (VGM) declar...
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US ocean supply chains face multiple challenges
While The House of Representatives passed the Ocean Shipping Reform Act this week, to overhaul regulation of the container shipping industry, its focus on detention and demurrage billing and the container lines’ responsibility to load exports, will have little impact on import congestion, or re...
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Forecasting and protecting your Asia supply chain
Global sea freight operations have struggled with disruptions since the outbreak of the COVID pandemic over two years ago, and this has continued into 2022, with a peak shipping season this summer that is likely to be very chaotic.
China’s zero-COVID strategy lockdowns have slowed supply cha...
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Demand for Shanghai sea exports may divert to air freight
As COVID lockdown measures are gradually relaxed in Shanghai it is uncertain how quickly export sea freight volumes will rebound, but many experts are anticipating a strong and sustained spike in demand creating a backlog of shipping containers, which could once again result in oce...
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Avoiding container demurrage and storage charges over the Platinum Jubilee
As the country prepares to celebrate the Queen’s record-breaking reign, with an extended bank holiday, we consider the potential penalty traps waiting to catch out the unwary shipper during the break and how you can avoid demurrage, detention and port charges.
Shipping lines and po...
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Shanghai to return to normal in June? Let’s hope so…
Shanghai is aiming to reopen the city and business operations, with normal life resuming from the 1st June, as all 16 city districts report acceptably reduced ‘zero-COVID’ cases.
At a press briefing on Monday, Shanghai’s Vice Mayor announced that 15 of Shanghai’s 16...
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Shipping lines act to support rates by cancelling sailings from Asia
Across the major shipping trade lanes a total of 56 sailings have been blanked over the next four weeks - so far - representing an 8% cancellation rate.
The halting of factory production, following the continuing lockdown in Shanghai, is resulting in a drop in export bookings from China, ...
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