container capacity

FMC requires more pricing, capacity data from container ship companies

Overhead view of container ship

Federal regulators are stepping up oversight of ocean carriers by ordering them to submit more comprehensive pricing and capacity data with the goal of protecting against anticompetitive rates and service.

The Federal Maritime Commission announced on Thursday that the three global carrier alliances dominating global shipping (2M, Ocean and THE), along with the 10 member companies that participate in them, will now have to begin providing “uniform data to use in assessing ocean carrier behavior...

https://www.freightwaves.com/news/fmc-requires-more-pricing-capacity-data-from-container-ship-companies

FMC regulating capacity? ‘Hard to imagine the chaos’

As the leader of the group representing roughly 90% of world container ship capacity, John Butler already has plenty on his plate with Congress looking to give the government more power over commercial decisions on capacity allocation in the container shipping trades.

But in addition to grappling with the implications of that legislation, Butler – the president and CEO of the World Shipping Council – is contending with questions about whether the industry is ready to share data for the sake of...

https://www.freightwaves.com/news/fmc-allocating-capacity-hard-to-imagine-the-chaos

No quick fix for intermodal service, J.B. Hunt says

Intermodal service issues to linger

Management from J.B. Hunt Transport Services (NASDAQ: JBHT) said the volume strength experienced in the first quarter has continued thus far through the second during a virtual appearance at BofA Securities’ transportation conference Wednesday. While “demand is there,” capacity constraints continue to present headwinds.

No near-term fix for intermodal service headwinds

Port congestion, slower rail service and containers stuck at customer facilities longer were some of the drivers of J.B. Hunt’s...

https://www.freightwaves.com/news/no-quick-fix-for-intermodal-service-jb-hunt-says

Orders For Ultra-Large Containerships Reach New Heights

A Record of 45 Ultra-Large Containerships was ordered in March, says an article on Marinelink.

Record heights in March

The number of 15,000+ TEU ultra-large containership (ULCS) ordered reached record heights in March. This reflects the confidence of shipowners and investors amid continued strong demand in the container shipping sector.

Total Order Capacity

According to shipping organization BIMCO, the record-breaking 45 ULCSs, and 27 additional “smaller” box ships ordered last month bring the...

https://mfame.guru/orders-for-ultra-large-containerships-reach-new-heights/

The American Shipper Top 10: Containers overboard, stock selloffs, and an air rebound

Shippers faced many challenges in 2020, and COVID-19 was just one. One ship lost thousands of containers, investors fled shipping stocks early in the year, and airlines faced uncertainty with different strategies.

The American Shipper Top 10 stories of the year are chosen by you, the reader, throughout the year by simply choosing to read our stories. These are the Top 10 stories on americanshipper.com based on page views, from No. 10 to No. 1.

(Photo: Atlas Air)
10. Yeah, no thanks

Atlas Air...

https://s29755.pcdn.co/news/the-american-shipper-top-10-containers-overboard-stock-selloffs-and-an-air-rebound

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/

Port of Antwerp needs extra container capacity

As the container volume handled by Port of Antwerp is growing year after year and now represents a large share of the total freight volume, the Port says that additional space is now required in order to cope with this growth. In December last year the Flemish government announced a definite preference in the choice of alternatives for the complex project entitled “Extra Container Capacity in Antwerp.”

This preferred alternative includes among other things construction of a second tidal dock in...

https://container-news.com/port-antwerp-needs-extra-container-capacity/

Canada faces container capacity challenges

Canada will face a capacity crunch that will have far-reaching economic implications if the Terminal 2 proposal at Roberts Bank doesn’t proceed, warns the Port of Vancouver.

The port authority in recent weeks submitted an updated project rationale and overview document to the federal independent review panel looking at the proposed three-berth container terminal, a document that reiterates the port’s contention that T2 represents the best option to accommodate growth and is needed to deliver...

http://container-news.com/canada-faces-container-capacity-challenges/

Krishnapatnam port to enlarge its container capacity

Krishnapatnam Port Co Ltd which runs a private port at Andhra Pradesh’s Nellore district, is expanding the capacity of its container terminal to handle 2 million twenty-foot equivalent units (TEUs) from next year.

The container terminal, recently rebranded as Navayuga Container Terminal Pvt Ltd to reflect the name of the holding company, the Navayuga Group, can currently handle 1.2 million TEUs.

The terminal, earlier called Krishnapatnam Port Container Terminal Pvt Ltd, recently started container...

http://container-news.com/krishnapatnam-port-container-capacity/