Carriers Forced To Conclude Fixtures Months Into The Future

The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future, says an article published in The loadstar.

Long bull-run for the liner industry

Moreover, the duration of time-charters has lengthened considerably, it is becoming increasingly common to see terms agreed for 24 or 36 months as carriers gamble on a long bull-run for the liner industry.

OOCL

For example, OOCL has just concluded a 36-month extension of the 8,533...

https://mfame.guru/carriers-forced-to-conclude-fixtures-months-into-the-future/

Ocean Alliance unveils 2021 network – ‘fewer and smaller changes’

The Ocean Alliance is set to increase capacity on its global deepsea services by around 9% this year.
Member lines CMA CGM, Cosco, OOCL and Evergreen have signed-off the 2021 network.
CMA CGM said Day 5, the new network arrangement launching in April, would see 333 vessels offering a combined capacity of some 4.1m teu across 39 services.
This compares with the current Day 4 network’s 325 vessels with capacity of 3.76m teu.
However, other …

The post Ocean Alliance unveils 2021 network – ‘fewer...

https://theloadstar.com/ocean-alliance-unveils-2021-network-fewer-and-smaller-changes/

Major ports and carriers report large increases in container rollovers

More than one in three containers shipped globally in December were rolled-over at transhipment hubs, according to new research from data tracking firm Ocean Insights.
Its monthly analysis of container rollovers at the top 20 global ports revealed that the global average had increased to 37% last month, with some hubs seeing far higher numbers.
“Of the 20 global ports for which Ocean Insights collates data, 75% saw an increase in rollover …

The post Major ports and carriers report large...

https://theloadstar.com/major-ports-and-carriers-report-large-increases-in-container-rollovers/

CMA CGM revises Europe charges

CMA CGM has announced it will increase its freight of all kinds (FAK) rates as from 1 February 2021 (date of loading in the origin ports) until further notice:

From North Europe 20′ 40′
Jebel AliUS$1,050US$1,400
JeddahUS$1,100US$1,450

These new FAK rates will apply as follows:

  • Origin Range: North European base ports (direct on CMA CGM services)
  • Destination Range: Gulf and Red Sea ports mentioned above (direct on CMA CGM services)
  • Date of application: 1 February 2021 (date of...

https://container-news.com/cma-cgm-revises-europe-charges/

Global Shipping Prices Continue To Rise Impacting Supply Chains

As the new year gets underway, sky-high global shipping prices are continuing to rise, impacting cross-border fruit and vegetable supply chains, says an article published in Produce Report.

Critical Global Shortage

At present, the critical global shortage of refrigerated containers is ongoing, leading to issues with overbooking of cargo, containers being rejected and ships being redirected to alternative ports, a situation that remains unresolved. Meanwhile, offshore exchange rates of the Chinese...

https://mfame.guru/sky-high-global-shipping-prices-are-continuing-to-rise/

CMA CGM strengthens its customer offer

Signature of Ocean Alliance Day 5 Product which will be launched in April 2021 with 39 services and a 4.1 million TEU capacity
Increased capacity to meet the needs of the Group’s customers
CMA CGM to offer the entire range of its high value-added services

 
PRESS RELEASE: The CMA CGM Group is pursuing its commitment towards its customers by increasing capacities in order to accompany them during these unprecedented times.
 
CMA CGM mobilized to offer its …

The post CMA CGM strengthens its...

https://theloadstar.com/cma-cgm-strengthens-its-customer-offer/

Charterers still in the driving seat, making carriers offers they can’t refuse

The absence of open containerships on the charter market has resulted in carriers being forced to conclude fixtures months into the future.
Moreover, the duration of time-charters has lengthened considerably, it is becoming increasingly common to see terms agreed for 24 or 36 months as carriers gamble on a long bull-run for the liner industry.
For example, OOCL has just concluded a 36-month extension of the 8,533 teu Seamax Stratford at $38,500 …

The post Charterers still in the driving seat,...

https://theloadstar.com/charterers-still-in-the-driving-seat-making-carriers-offers-they-cant-refuse/

US drayage costs more than double as ocean rates spiral ever upwards

Rising costs in the US market have continued apace as the latest news reports suggest the cost of trucking has more than doubled, from US$35 to US$75/day, while some beneficial cargo owners (BCOs) are paying super-rates to ensure their cargo gets shifted, while others have decided the costs are too high and the service is too poor.

Meetings between carriers and authorities are expected to take place in China this week, with the Federal Maritime Commission and the EU both reporting that they are...

https://container-news.com/us-drayage-costs-more-than-double-as-ocean-rates-spiral-ever-upwards/

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