Arise surcharges

Second quarter best since 2010, as container shipping sees $2.7bn profit

The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year – every line publicly reporting financial results being in the black.
According to new research from liner analyst SeaIntelligence Consulting, the positive results were despite every line experiencing declining revenue and year-on-year volumes.
“Looking at the financial performance, the shipping lines have been able to navigate these uncertain times rather well,” said SeaIntelligence Consulting...

https://theloadstar.com/second-quarter-best-since-2010-as-container-shipping-sees-2-7bn-profit/

Shipper relief as ocean carriers finally scrap low-sulphur surcharges

Ocean carriers are officially scrapping the low-sulphur fuel surcharges introduced last year to mitigate the impact of the 1 January IMO 0.5% sulphur cap regulations on marine fuel.
Maintaining low-sulphur surcharges as fuel prices plunged has been a bone of contention for shippers, who have criticised carriers for being slow to ditch the additional fee.
In a customer advisory on Tuesday, CMA CGM said its LSS20 (low-sulphur surcharge) in place since 1 …

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https://theloadstar.com/shipper-relief-as-ocean-carriers-finally-scrap-low-sulphur-surcharges/

Paying premium rates no guarantee of space for shippers to North Europe

Shippers from Asia to North Europe face a severe capacity crunch, and carriers are set to add to their misery with mid-month FAK rises and peak season surcharges.
NVOCCs have told The Loadstar in the past few days they were experiencing three-to-four-week delays for FAVs (first available vessels) to North Europe, and even longer for the UK.
“We are paying their FAK rates, and even a premium on top, but we are really struggling …

The post Paying premium rates no guarantee of space for shippers to...

https://theloadstar.com/paying-premium-rates-no-guarantee-of-space-for-shippers-to-north-europe/

Fury at Australian ports as terminal operators impose sudden access fee hikes

Stevedores in Australia have implemented “staggering” increases to terminal access charges and road and rail operators are lobbying for their cancellation.
On Monday, Hutchison Ports increased the charge on all containers delivered to and from its Brisbane facility by 90% to A$94.78 (US$68).
And, from Saturday, ICTSI’s Victoria International Container Terminal (VICT) in Melbourne will impose a 7% increase to A$131.03 per container, still the most expensive national charge.
The move by Hutchison...

https://theloadstar.com/fury-at-australian-ports-as-terminal-operators-impose-sudden-access-fee-hikes/

Maersk SAECS service to give Cape Town a miss as port congestion builds

Severe port congestion in Cape Town Container Terminal is forcing container lines serving South Africa to redesign sailing schedules and introduce port congestion surcharges for shippers that continue to use the eastern Cape gateway.
Yesterday, CMA CGM announced a $550 per 20ft and $1,100 per 40ft port congestion surcharge at Cape Town for both dry and reefer containers, effective immediately.
This came in addition to a $200 per container general rate restoration …

The post Maersk SAECS service...

https://theloadstar.com/maersk-saecs-service-to-give-cape-town-a-miss-as-port-congestion-builds/

Box carriers ‘turning a deaf ear’ to calls to cancel BAFs as oil price slumps

With oil prices plunging to less than $20 per barrel, ocean carriers are coming under increased pressure to cancel their bunker surcharges and introduce negative bunker adjustment factors (BAFs) across their networks.
Strict capacity discipline by carriers has supported freight rates on the major tradelanes to compensate for recent demand slumps, but shippers complain that the lines are still charging BAFs – and IMO 2020 low-sulphur surcharges – despite the precipitous …

The post Box carriers...

https://theloadstar.com/box-carriers-turning-a-deaf-ear-to-calls-to-cancel-bafs-as-oil-price-slumps/

More anger in Australia as DP World announces higher terminal access fees

DP World Australia (DPW) is to increase terminal access fees for import containers from May, prompting fierce criticism from transport operators already “bleeding” from the coronavirus crisis.
Sometimes referred to as port infrastructure surcharges, DPW has announced increases at its Brisbane, Melbourne and Sydney terminals, bringing them in line with those set by rival Patrick Terminals this month.
In Melbourne, for example, Patrick’s import container fee is A$125.80 (US$76.63), and from 1 …

The...

https://theloadstar.com/more-anger-in-australia-as-dp-world-announces-higher-terminal-access-fees/

Sea-air services disrupted and rates soar as airlines suspend more flights

Sea-air shipments via Dubai and Singapore to Europe and the US have either been suspended or seen prices soar.
Aeromar, which specialises in sea freight to Dubai and onward travel by air, said it had suspended its services with immediate effect, although all cargo currently on route would continue.
It said it had been forced to make this decision as airlines began cancelling flights from Dubai.
“We can fix rates three weeks in …

The post Sea-air services disrupted and rates soar as airlines...

https://theloadstar.com/sea-air-services-disrupted-and-rates-soar-as-airlines-suspend-more-flights/

Spot rates soar as shipping resumes, but don’t take advantage, carriers warned

The newest member of the Federal Maritime Commission (FMC), Carl W Bentzel (pictured above), has warned transpacific carriers against hiking freight rates unfairly, as the supply chain begins to free-up in China.
“I was heartened to hear that shipping lines have indicated that there is cargo for pickup and that trucking and port operations have substantially resumed in China,” said Mr Bentzel.
The FMC has been monitoring the levels of blanked sailings …

The post Spot rates soar as shipping...

https://theloadstar.com/spot-rates-soar-as-shipping-resumes-but-dont-take-advantage-carriers-warned/

Does this volatile market herald the end of long-term freight contracts?

Shippers and BCOs are being advised against signing long-term contracts with ocean carriers, due to the “unprecedented uncertainty” in the liner industry.
Speaking via a webinar yesterday, organised in response to the coronavirus supply chain disruption, Patrik Berglund, chief executive of Oslo-based ocean freight benchmarking platform Xeneta, said shippers needed to “plan in flexibility” into their requests for quotes.
He recommended that even if shippers did negotiate a 12-month supply...

https://theloadstar.com/does-this-volatile-market-herald-the-end-of-long-term-freight-contracts/

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