Catastrophic loss underlines need for marine insurance
Dramatic images on Twitter captured the 14,000 teu containership, ONE Apus, losing over a quarter of its load, in a catastrophic container stack collapse, that dumped over 1,800 boxes into the Pacific ocean on the 30th November.
The Twitter image, shared by Container News, shows that most of t...
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UK port congestion is not easing
Congestion at UK container ports which commenced in the Summer at Felixstowe, before filtering out to Southampton and London Gateway, is continuing despite all efforts, with Japanese carmaker Honda warning that production at its Swindon plant will be disrupted.
Problems at the UK's container p...
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Critical Ningbo issues and Southern China port suspension
The container shortage that is currently impacting Asia supply chains, has led lines to stop accepting shipment bookings from Ningbo, while the suspension of Southern China feeder operations, because of COVID, will impact key ports until after Chinese New Year 2021.
Due to the severe lack of c...
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Cargo rollovers exceed 30% at key hubs
As the Asia peak season rumbles on and the carriers struggle to meet demand, cargo rollovers are increasing at the busiest transhipment ports.
After a global decline in rollovers during September, the average container rollover rate at leading transshipment ports rose in October.
This time ...
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US regulator monitoring Asia shipping alliances
The United States Federal Maritime Commission (FMC), the body responsible for the regulation of ocean carriers and intermediaries, is intensifying its monitoring of shipping alliance activity on the trans-Pacific and trans-Atlantic trades.
Citing market fluctuations, the FMC’s regulators are...
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Consumer goods boom driving sea freight rates
Reuters report shows how global container shipping rates have surged to record levels due to spikes in restocking demand in the United States and Europe, container scarcity at export hubs, and changes in freight flows because of the coronavirus pandemic.
The Freightos Baltic Global Container I...
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Asia container shortage intensifies
The lack of container equipment at Asian origins is so severe that carriers are leaving export cargo on the quay, to ship empty containers back from Europe and the United States.
The container shortages are so acute, particularly at the Chinese ports of Qingdao, Xiamen, Ningbo, and Shanghai, t...
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Shippers switching to air to escape sea freight hell
With sea freight rates reaching some of the highest levels ever seen, along with equipment shortages, late vessels and still no guarantee of uplift, some shippers are starting to switch to air, driving up rates on a mode that had been enjoying some stability.
The current lack of container line...
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National press highlight Felixstowe port chaos
With disruption at the Port of Felixstowe branded “a mess”, the national press is now also reporting on global port disruption, as retailers express concerns about product shortages in the run-up to Christmas.
As Metro has been reporting regularly in recent weeks, the impact at Felix...
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Critical situation: Vessels skipping UK ports on daily basis
Container ships, including the world’s largest, are skipping UK ports entirely, or leaving only partially discharged and without collecting export containers, in what is fast becoming a daily occurrence.
COVID-safe working practices and extensive deep-cleaning at shift handovers, continues t...
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Sea freight container carriers’ discipline guarantees increases in 2021
Sea freight rates and surcharges continue to rise on all the primary trade-lanes, up 10% from Asia in the last week, with no signs of softening in the coming weeks, or months.
Even with some blanked capacity over Golden Week, capacity on the Asia-Europe trade increased 14% year over year...
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Trans-Pacific spike to last into 2021
We reported last week how shipping lines were diverting empty containers away from the Asia-Europe trade-lane, to ply the more lucrative trans-Pacific services, with all the signs that demand could continue well into 2021.
With massive and unanticipated demand, the capacity crunch from China t...
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