Carrier Profits Assured in 2021, Container Shipping Disrupted

  • After a down and up year in container volumes, the current logjams in the system and unbalanced trades will take months to resolve.
  • It allows carriers to profit from high freight rates, and tonnage providers to enjoy lofty charter rates.
  • Once the situation normalises, however – and consumers begin spending more on services and less on goods – structural overcapacity will again become a focal point.

Peter Sand writes for BIMCO on the continued disruption and its impact as well as carrier...

https://mfame.guru/carrier-profits-assured-in-2021-container-shipping-disrupted/

China Steps Up To Stabilize Freight Rates

  • China’s Ministry for Commerce is again looking to step in to stabilise the container shipping market.
  • Media speculation indicates that shipping lines could be called to a series of meetings to discuss the container shortage and high rates.
  • Ministry is in talks with the ministry of transport and other related departments to adopt measures to increase shipping capacity and stabilise freight rates.

A recent news article published in the Loadstar reveals how China steps up to control the rising...

https://mfame.guru/china-steps-up-to-stabilize-freight-rates/

Digitalisation Key To Logistical Challenge During Covid 19

  • Riviera conducted a webinar on Container Shipping Leaders to understand how digitalisation helps mitigate the challenges in container shipping.
  • The experts discussed on the solutions to overcome the ongoing pandemic, right-sizing business operations and vessels, and maintaining resilience in a changing market.
  • The webinar also focused on the supply chain problems with critical items such as sanitisers and protective masks.
  • Rising costs, excessive demurrage, system outage issues and early...

https://mfame.guru/digitalisation-key-to-logistical-challenge-during-covid-19/

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