European exporters still up against it, but equipment shortages are easing

Blank sailings, escalating freight rates and a shortage of equipment continue to hobble European exporters.
Shippers to Asia and the US are facing lengthy delays and uncertainty for container bookings as the knock-on effect of short-notice carrier blanking programmes plays havoc with supply chains.
As a consequence, rates have soared, particularly to Asia where they have doubled in the past year, and in some instances are being increased after containers have been …

The post European exporters...

https://theloadstar.com/european-exporters-still-up-against-it-but-equipment-shortages-are-easing/

Supply chain radar: Triton, Textainer & CAI International – A balancing act… but for how long?

There is always value in viewing any sector through the prism of some of its chief suppliers. In the case of the ocean freight industry this means the container leasing sub-sector, which comprises a handful of firms – a grand total of 13 in fact – that collectively control around 50% of the world’s container fleet.
Value, what value?
Three of the largest – Triton, Textainer and CAI International (see Tab.1) – …

The post Supply chain radar: Triton, Textainer & CAI International – A balancing act…...

https://theloadstar.com/supply-chain-radar-triton-textainer-cai-international-a-balancing-act-but-for-how-long/

Chinese manufacturers cut container production to hold prices as demand falls

For the first time in a decade, the world container fleet is likely to be getting smaller, in the fallout from the coronavirus pandemic.
New research from Drewry Maritime Advisors suggests that, despite warnings from freight service providers that global maritime supply chains are likely to come under increasing pressure due to a shortage of equipment, it appears Chinese box manufacturers have substantially cut production to maintain prices.
According to Drewry, global …

The post Chinese...

https://theloadstar.com/chinese-manufacturers-cut-container-production-to-hold-prices-as-demand-falls/

‘Smart’ container fleet set to increase tenfold over next five years

The number of smart containers in the world’s box fleet could increase tenfold over the next five years, according to new research from Drewry Maritime Advisors.
The London-based consultant said in its newly released Container Census & Leasing Annual Review & Forecast 2019/20 report it estimated that, by the end of last year, around 2.5% of the global container fleet had been fitted with smart technology – telematics devices that show …

The post ‘Smart’ container fleet set to increase tenfold...

https://theloadstar.com/smart-container-fleet-set-to-increase-tenfold-over-next-five-years/

Container manufacturers and lessors facing a tough year as prices tumble

The container manufacturing industry is on course to post a staggering loss this year.
According to the latest research from Drewry Maritime Advisors, the cost of production is soaring above new box prices.
Drewry’s Container Leasing, Census & Equipment Insight reports that in the fourth quarter last year, a glut of new containers forced down prices to the extent that manufacturers are losing $100-$200 on each one sold.
These losses have come even …

The post Container manufacturers and lessors...

https://theloadstar.co.uk/container-manufacturers-and-lessors-facing-a-tough-year-as-prices-tumble/

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