Shippers pressured into no-roll premiums as full ships give carriers the edge

Shipping lines are using rollovers to bump up freight rates, ‘forcing’ the vast majority of shippers to pay no-roll premiums.
According to Cas Pouderoyen, head of ocean freight at Agility, around 80% of shippers feel they have to pay premiums of $400 to $500 per container on the deepsea trades.
“Otherwise, odds are, you’re going to be rolled,” he said.
“That’s happening with cargo going Europe-to-Far East, Far East-to-Europe and transpacific-eastbound. The latter …

The post Shippers pressured...

https://theloadstar.com/shippers-pressured-into-no-roll-premiums-as-full-ships-give-carriers-the-edge/

Container Vessels Follow Ad hoc Approach on the Asia-North Europe Route

  • THE Alliance (THEA) has followed rival 2M in adopting an ad hoc approach to extra capacity on the Asia-North Europe trade during the summer by adding an inducement loader in July and August.
  • Maersk and MSC launched the sweeper/Griffin service last month to mitigate the impact of the 2M’s suspension of its AE2/Swan loop.
  • Anecdotal reports to The Loadstar suggest load factors have been between 90% and 95% on the first sailing at the end of June of the 14,036 teu MSC Taranto, followed this week...

https://mfame.guru/container-vessels-follow-ad-hoc-approach-on-the-asia-north-europe-route/

Container Ship Routes in Europe Need Risk Management Plans To Avert Accidents

  • According to a Dutch safety watchdog it is “undesirable” for large container ships to use a shipping route through an environmentally sensitive and shallow sea.
  • These shallow sea routes are off the coast of the Netherlands, Germany and Denmark in heavy northwesterly storms because of the heightened risk of them losing their cargo.
  • The conclusion came in a report by the Dutch Safety Board into the loss of hundreds of containers from a ship, the MSC Zoe, on New Year’s Day 2019, that led to tons...

https://mfame.guru/container-ship-routes-in-europe-need-risk-management-plans-to-avert-accidents/

Freight Rates and Container Lines in Asia-North Europe Route Steady

  • 2M partners Maersk and MSC began loading their inducement Asia-North Europe loop service in China this week, as bookings and freight rates stay steady on the route.
  • However, there is no change to the 2M strategy of suspending its AE2/Swan loop until October, suggesting that demand over the peak season remains weak.
  • According to consultant Alphaliner,  the 14,036 teu MSC Taranto is loading at Shanghai, Ningbo, Yantian, Singapore and Tanjung Pelepas for discharge at Rotterdam, Antwerp and...

https://mfame.guru/freight-rates-and-container-lines-in-asia-north-europe-route-steady/

Digitalization and IoT Prioritized in Shipping Industry To Enhance Customer Support

  • In May, the  Digital Container Shipping
    Association (DCSA), made clear its determination to consign the centuries-old bill of lading to history.
  • In a new report, the DCSA stated that moving towards a standard, paperless bill of lading will derive $4bn in potential annual savings at a 50% adoption rate for the container shipping industry.
  • Since the first efforts to digitise bills of lading in the late 1990s, the promise of an electronic bill of lading for the container shipping industry has...

https://mfame.guru/digitalization-and-iot-prioritized-in-shipping-industry-to-enhance-customer-support/

Unblanking and Wavering Freight Rates To Impact $23bn Loss

  • Shipper and forwarders plan their container shipment bookings for the third quarter.
  • But they can expect a new wave of blanking announcements over the next two-to-three weeks.
  • While the second quarter of the year was characterised by a wave of cancelled sailings, there have, so far, been relatively few announced for the third quarter, according to eeSea data.
  • The strategy is to remove as much capacity as it takes to prevent rates from sliding.
  • If there is a loss of the volume and the rate...

https://mfame.guru/unblanking-and-wavering-freight-rates-to-impact-23bn-loss/

Talking TEUs and tequila

Container lines and shippers commiserated over the coronavirus pandemic’s effect on their businesses during an Agriculture Transportation Coalition (AgTC) virtual conference Wednesday.

“COVID-19 obviously has had a significant effect on the global economy, on the U.S. operations and here in Asia. It’s like we’ve almost doubled down  on the complexity of the U.S.-China trade dispute we all faced together in 2019,” said Ocean Network Express (ONE) CEO Jeremy Nixon.

“After Chinese New Year here we...

https://s29755.pcdn.co/news/talking-teus-and-tequila

US shippers turn up the heat on government over ‘punitive’ D&D fees

US agricultural shippers have appealed to the US government to act to stop the “unconscionable imposition of millions of dollars of unfair … fees” placed on the industry by ports and shipping lines.
The letter, sent by the Agriculture Transportation Coalition on behalf of 80 organisations, said it sought “government engagement” with the Federal Maritime Commission (FMC), which has developed a Proposed Interpretive Rule, but which has yet to be adopted.
“Ocean …

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https://theloadstar.com/us-shippers-turn-up-the-heat-on-government-over-punitive-dd-fees/

Mixed fortunes for box ship owners as the year ends and a greener era looms

The containership charter market is ending 2019 on a mixed note, according to Alphaliner’s final analysis of the year.
“Larger vessels of 5,500 teu and over continue to benefit from a tight supply environment with continuously firm charter rates,” said the consultant.
Furthermore, it said that “the persistent lack of tonnage in these sizes” would bode well for owners, especially when demand picked up again next year.
“By contrast,” said Alphaliner, “the situation …

The post Mixed fortunes for...

https://theloadstar.com/mixed-fortunes-for-box-ship-owners-as-the-year-ends-and-a-greener-era-looms/

Capacity cuts on North Asia-Australia container trade as demand plummets

Shipping lines are cutting container services between North Asia and Australia as plummeting freight demand reaches “breaking point”.
According to Alphaliner, streamlining services on the North Asia-China-Australia trade will remove around 4,500 teu of weekly capacity and make five classic panamax ships redundant.
For example, Alphaliner said, the joint Australia Express service by ONE, Yang Ming, Evergreen, APL and Hapag-Lloyd would be closed in its current form; as will a service jointly …

The...

https://theloadstar.com/capacity-cuts-on-north-asia-australia-container-trade-as-demand-plummets/