BCO Archives - Maritime Shipping News

Blockage In The Suez Canal To Cause Container Spot Rates To Escalate

26 March 2021

Container spot rates from Asia to Europe look set to surge again, as carriers are obliged to blank sailings in response to the Suez Canal blockage, reports The Load Star.

Covering extra fuel cost

The Loadstar understands that shipping lines are considering introducing a Cape surcharge for vessels that are diverted around Africa to recover the extra cost of bunker fuel consumed in the additional seven to 10-day transit.

Christoph Baumeister, senior trade manager, Asia/ISC Europe at Flexport, said...

https://mfame.guru/blockage-in-the-suez-canal-to-cause-container-spot-rates-to-escalate/

Shipping Companies Conduct Performance Reviews Due To Missed Targets

3 March 2021

With performance targets continuing to be missed, shippers are re-evaluating processes to keep tabs on carrier service delivery and accountability, reports Drewry.

The need for monitoring

Terminal congestion is pushing vessel ‘on time performance’ to all-time lows, compromising international supply chains and goods flow. The impact of the chaos on lead times in some sectors has been so severe it has had a direct bearing on operations, product availability and competitiveness. While the gradual...

https://mfame.guru/shipping-companies-conduct-performance-reviews-due-to-missed-targets/

Cargo Carrier Contracts Slip Amid Surging Demand Spike

24 November 2020

Carriers are finding spurious reasons to refuse the release of equipment at depots in China, in addition to rolling contracted containers without notice.
Even the biggest BCOs were having trouble getting equipment and space when they had exceeded their MQCs.
Carriers appear to be turning away from the stability of annual contracts on the route in favour of the more volatile spot business.
There is no immediate sign of the unprecedented demand spike on the trade coming to an end, with US ports...

https://mfame.guru/cargo-carrier-contracts-slip-amid-surging-demand-spike/

Carriers No More Worried About Contracts, Shippers in Trouble

23 November 2020

As Asia-US demand continues to surge, BCOs are struggling to ship contracted cargo and are increasingly turning to NVOCCs to support their fractured supply chains.
Anecdotal reports suggest carriers are finding spurious reasons to refuse the release of equipment at depots in China, in addition to rolling contracted containers without notice.
New York-based Blue Alpha Capital says that imports through the top ten US container ports in October were up 18.8% on the same month of last year, at...

https://mfame.guru/carriers-no-more-worried-about-contracts-shippers-in-trouble/

Commentary: The next big disruption of the supply chain network

17 October 2020

The views expressed here are solely those of the author and do not necessarily reflect the views of FreightWaves or its affiliates.

While the Mediterranean Sea as a whole has been the center of oil and gas explorations, it is in the Eastern Mediterranean Sea that massive gas fields exist. “According to a 2010 study by the U.S. Geological Survey, the Eastern Mediterranean could hold as much as 122 trillion cubic feet of natural gas in total, equivalent to the reserves of Iraq.” However, the...

https://s29755.pcdn.co/news/commentary-the-next-big-disruption-of-the-supply-chain-network

Freightos Baltic Container Report – Week 8, 2019

24 February 2019

The Baltic Briefing has released a report about the freightos baltic container of the 8th week of shipping activities of this year. The report highlights the plight of the container market at the on-sight of the 8th week.

Prices bounce back

Following Chinese New Year, transpacific ocean prices are back to where they were at the beginning of the year.
At $2,009, China-West Coast prices are just $6 higher than on January 6. At $3,110, China-East Coast prices are $27 lower.
Demand seasonally drops...

http://mfame.guru/freightos-baltic-container-report-week-8-2019/