U.S. ports have revised their initial outlook in March forecasting a quick “V-shaped” recovery in freight volumes and instead do not anticipate a turnaround this year.
That was the message relayed to lawmakers on Capitol Hill via the first-ever public teleconference hearing held by the House Transportation & Infrastructure Committee on Friday.
“At this stage in the pandemic, the hope for a quick recovery has been replaced by the realization of a longer battle ahead,” testified Association of...
Reports of hundreds of thousands of containers stranded around the world have begun to flood into The Loadstar’s newsdesk, and there is every expectation they will continue as social lockdowns limit ports ability to clear landed boxes, and a slew of blank sailings leave export containers stuck on quays.
In the following guest post, insurance expert Jose Guerrero looks at how marine cargo insurance relates to the Covid-19 pandemic; whether this …
The post How will insurers cover shippers with...
https://theloadstar.com/how-will-insurers-cover-shippers-with-containers-stranded-across-the-world/
Taiwan’s shipping companies are getting it in the neck from both authorities and fisheries over apparent lethargy in reclaiming lost containers. A report from ABC claims the slow response to salvaging boxes lost overboard is leading to a heightened risk of maritime pollution. Last year, the vessel YM Efficiency reported it lost 81 containers in June alone. While authorities in Australia said the ship’s operator, Yang Ming, had been quick to …
The post Salvage of containers lost overboard too...
https://theloadstar.com/salvage-of-containers-lost-overboard-too-slow-says-australia/
Forwarders are being warned to consider themselves the ‘principal’ when it comes to container transport, amid mounting anger at unexpected storage and quay charges.
The British International Freight Association (Bifa) issued the warning on Friday saying questions regarding abandoned containers rank among its most frequent queries.
Director general Robert Keen said most of the problems arise from forwarders incorrectly seeing themselves as agents, rather than principals, when negotiating...
https://theloadstar.com/abandoned-containers-who-pays-forwarders-it-could-be-you/
OVER 10,000 abandoned overtime containers currently litter the Lagos Ports Complex in Apapa, Lagos uncleared. This is even as the Nigerian Customs Service (NCS), revealed that some of the overtime containers have been inside the ports before the 2006 port concession.
Cargoes are classified as overtime when they have stayed in the port for twenty-eight days without the importer or clearing agent coming up to clear them and take delivery.
Read more on Nigerian Tribune.
The post Over 10,000 abandoned...
http://container-news.com/over-10000-abandoned-containers-lagos-ports/