Asia-Europe

Secondary trades suffer as carriers continue to chase the big bucks

The cellular fleet grew by 4.5% last year, to 24.97m teu, but capacity was cut on some routes as carriers re-deployed as much tonnage as they could on the more lucrative east-west tradelanes.
According to today’s Alphaliner data, the transpacific carriers deployed a further 1.3m teu of capacity on the Asia-North America trade last year than in 2020, a huge 31% increase in slots – albeit that about half the extra …

The post Secondary trades suffer as carriers continue to chase the big bucks...

https://theloadstar.com/secondary-trades-suffer-as-carriers-continue-to-chase-the-big-bucks/

Carrier ‘gravy train’ steams ahead, thanks to congestion and new contracts

Despite a weakening in demand, ocean carriers will bank another $200bn of profit between them this year.
In its latest Container Forecaster report, maritime consultant Drewry said it was downgrading its 2022 outlook for world port throughput to 4.6%, from its previous assessment of 5.2%.
This is due to “fast-rising inflation” and ongoing supply chain bottlenecks which, it said, were “conspiring to slow the pace of growth”.
Nonetheless, Drewry says it expects the …

The post Carrier ‘gravy train’...

https://theloadstar.com/carrier-gravy-train-steams-ahead-thanks-to-congestion-and-new-contracts/

‘Abandoned’ exporters scrambling for space prompt more ad hoc charters

Asian exporters “abandoned” by Maersk are scrambling for deals with rival carriers, inspiring a fresh wave of ad hoc charters to North European ports for next month.
The “strategic transformation” of its ocean business, announced by Maersk earlier this year, has resulted in many smaller forwarders and NVOCCs finding that  after 1 January, the carrier will no longer accept their bookings – other than through the Maersk Spot platform.
But, with short-term …

The post ‘Abandoned’ exporters...

https://theloadstar.com/abandoned-exporters-scrambling-for-space-prompt-more-ad-hoc-charters/

Good traction for MSC’s Asia-to-Europe Ocean and Rail Solution

Pictured: rows and columns of containers in a stack. Photo: OlafPictures via Pixabay

In mid-May, the first shipment of MSC containers was moved via MSC block train from Vostochniy to St. Petersburg in Russia, as part of a new regular multimodal solution from Asia to Europe, which was launched in April.

In recent years, a growing number of shippers have been moving containers from east to west over land, including a surge in cargo originating in China bound for Europe via rail. Against the...

https://www.shippingaustralia.com.au/good-traction-for-mscs-asia-to-europe-ocean-and-rail-solution/

CU Lines Ramps Up Its Capacity Between Asia and Europe

A silver lining has appeared for Asia-North Europe shippers desperate for more capacity.

Chinese intra-regional carrier CU Lines has confirmed it is upping its nascent Asia-Europe service to fortnightly frequency, says an article published on loadstar website.

New AEX service

The new AEX service, set to be the first on the route operated by a carrier independent of the three east-west alliances, will launch in early June, deploying four vessels of between 2,700 teu and 4,400 teu, according to...

https://mfame.guru/cu-lines-ramps-up-its-capacity-between-asia-and-europe/

OOCL unveils ‘spectacular’ increases in first-quarter volumes and revenue

The scale of the improvement in the liner industry’s fortunes was laid bare today when OOCL released its first-quarter operational update showing its average revenue per container, across all trades, had increased 58.3%, year on year.
This was accompanied by a 28.3% year-on-year increase in volumes, which led to OOCL posting provisional Q1 21 revenue of $3bn, some 96% higher than its pandemic-afflicted first quarter of 2020.
The Hong Kong-headquartered line had …

The post OOCL unveils...

https://theloadstar.com/oocl-unveils-spectacular-increases-in-first-quarter-volumes-and-revenue/

Will a ship carrying Australian cargo get stuck… in ice?

Pictured: the Russian icebreaker “капитан уадаев” (Captain Chadaev) which operates in the Russian Arctic Circle. Photo credit: Anton Kraev via Unsplash.

A bit of an unlikely question for Australians, right? Wrong. Or, at least, it could well be wrong in the not-too-distant future.

Europe-Asia… and thence to Australia

About 15 per cent of all of Australia’s containerised cargo comes from / goes to Europe. Containers are normally transhipped into / out of Australia via Singapore or Port Klang...

https://shippingaustralia.com.au/will-a-ship-carrying-australian-cargo-get-stuck-in-ice/

FreightWaves Flashback: Advance on the new Silk Road

FreightWaves Classics articles look at various aspects of the transportation industry’s history. If there are topics that you think would be of interest, please send them to [email protected].

The many industries that make up the world of freight have undergone tremendous change over the past several decades. Each week, FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of...

https://s29755.pcdn.co/news/freightwaves-flashback-advance-on-the-new-silk-road

Shippers brace for fresh price hikes in the ‘new normal’ for ocean freight

Shippers are bracing themselves for a fresh onslaught of freight rate hikes and peak season surcharges (PSS) from April, as ocean carriers reinforce their supply chain dominance across tradelanes.
Carriers have begun to focus on the traditionally low-revenue backhaul routes in order to restore rates to levels that will incentivise them to make equipment available for cargo shipments, rather than using the default option of deadheading empty containers back to Asia.
For …

The post Shippers brace...

https://theloadstar.com/shippers-brace-for-new-price-hikes-in-the-new-normal-for-ocean-freight/

No post-CNY easing of container shortages – it’s a ‘cycle of perpetual scarcity’

Hopes that the Chinese New Year would give container lines breathing space to reposition the vast numbers of empty container appear to be short-lived.
Shippers and forwarders trying to find equipment for shipments out of China had hoped the two-week holiday would allow time to build up a stock of boxes to ease supply chain pressure.
But any gains achieved were unlikely to last long, Akhil Nair, vice president of global carrier …

The post No post-CNY easing of container shortages – it’s a ‘cycle...

https://theloadstar.com/no-post-cny-easing-of-container-shortages-its-a-cycle-of-perpetual-scarcity/

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