Carriers Withdrawing ‘Blank Sailings’ As FMC Monitors Impact

U.S. Federal Maritime Commission

According to a Freight Waves article written by Chris Gallis, U.S. Federal Maritime Commission is using “red-yellow-green scale” to track alliance agreement activities amidst growing attempt of blank sailings

Maritime Commission Monitoring Activities

The coronavirus pandemic has made the schedule-driven ocean container carriers seasick. To counter decreased U.S. import volumes and maximize vessel operations, these companies have resorted to the use of “blank,” or canceled, sailings.

Shippers...

https://mfame.guru/carriers-withdrawing-blank-sailings-as-fmc-monitors-impact/

Carriers in cruise control while wider economy sputters

This week’s DHL Supply Chain Pricing Power Index: 75 (Carriers)

Last week’s DHL Supply Chain Pricing Power Index: 65 (Carriers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Carriers are dealing with a lot of good problems this week, like not being able to handle the throughput...

https://s29755.pcdn.co/news/carriers-in-cruise-control-while-wider-economy-sputters

Container Capacity Returning To Normal As Carriers Reduce Rates

According to a Loadstar article written by Mike Wackett, container spot rates from Asia to Europe fell back this week as carriers started to reduce rates slightly to attract cargo.

  • Today’s Shanghai Containerized Freight Index (SCFI) edged down 1.4% on the week to North Europe, to $907 per teu, while the Mediterranean component declined 1.2%, to $940 per teu.
  • The softening of demand has prompted the Ocean Alliance to announce a further three blank sailings: the Asia to North Europe Loop 5 in...

https://mfame.guru/container-capacity-returning-to-normal-as-carriers-reduce-rates/?amp;amp;

Carriers are in a very strong pricing position; how long will it last?

This week’s DHL Supply Chain Pricing Power Index: 65 (Carriers)

Last week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

The carriers are now in the strongest pricing power position in the 10-month history of the index....

https://www.freightwaves.com/news/carriers-are-in-a-very-strong-pricing-position-how-long-will-it-last

Typical July freight slump looks unlikely this year

This week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)

Last week’s DHL Supply Chain Pricing Power Index: 55 (Carriers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

The Independence Day holiday had disrupted our outbound tender volume and reject indices due to their...

https://s29755.pcdn.co/news/typical-july-freight-slump-looks-unlikely-this-year

Hurricane season could be worse than experts initially thought

Satellite view of multiple Atlantic cyclones.

The 2020 hurricane season is off to a quick start, with five tropical storms in the books as of Wednesday. Two formed before the official start of the season, which is June 1. All of this early development could be a sign of busy times ahead in the Atlantic basin.

SONAR Critical Events and satellite: Thursday, July 9, 8 a.m. EDT

Right now, sea surface temperatures (SSTs) in the Gulf of Mexico, western Atlantic, and subtropical Atlantic are warmer than normal, ranging from the lower 80s to the...

https://s29755.pcdn.co/news/hurricane-season-could-be-worse-than-experts-initially-thought

‘Business Language’ & Antiquated Process Derailing Container Shipping

According to a Freight Waves article written by Kim Link Wills, until container carriers agree on a common “business language,” the electronic conveyance of important information will be lost in translation, says Thomas bagge, CEO of Digital Container Shipping Association.

Problematic Definitions

Bagge said during a World Economic Forum webinar on Monday that DCSA’s nine members — CMA CGM, Evergreen Marine, Hapag-Lloyd, HMM, Maersk, MSC, ONE, Yang Ming and ZIM — had six different definitions for...

https://mfame.guru/business-language-clarity-antiquated-process-derailing-container-shipping/?amp;amp;

Transatlantic Route Recovery Longer Than Expected As COVID19 Crunches Demand

According to a LoadStar report by Mike Wackett, 2M partners Maersk and MSC have extended the suspension of their TA4/NEUATL4 transatlantic loop through to September.

The service, which deploys five vessels with an average capacity of 5,300 teu and has a rotation of Antwerp-Rotterdam-Bremerhaven-Liverpool-New York-Savannah-Port Everglades-Savannah, was originally suspended until mid-June and to mid-July.

COVID19 Fosters Demand Reductions

Maersk attributed the new move to“continued market demand...

https://mfame.guru/transatlantic-routes-recovery-long-than-expected-as-covid19-crunches-demand/?amp;amp;

Blank Sailings & Rate Discipline Can Boost Billions of Profit

According to a LoadStar article written by Mike Wackett, notwithstanding a significant decline in container liftings as a consequence of the global pandemic, ocean carriers have confounded the dire predictions of analysts with their more optimistic outlook for earnings.

Carriers Looking Towards Profiting

Sea-Intelligence, which only a few weeks ago predicted a worst-case annual loss for the liner industry of $23bn, said that, based on its remodelling, the carriers could potentially achieve a...

https://mfame.guru/blank-sailings-rate-discipline-can-boost-billions-of-profit/?amp;amp;

Current environment points to higher rates forthcoming

This week’s DHL Supply Chain Pricing Power Index: 40 (Shippers)

Last week’s DHL Supply Chain Pricing Power Index: 35 (Shippers)

Three-month DHL Supply Chain Pricing Power Index Outlook: 60 (Carriers)

The DHL Supply Chain Pricing Power Index uses the analytics and data contained in FreightWaves SONAR to analyze the market and estimate the negotiating power for rates between shippers and carriers.

Freight volumes cooled off slightly this week but remain well above both 2018 and 2019 levels. Capacity...

https://s29755.pcdn.co/news/current-environment-points-to-higher-rates-forthcoming