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 …

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

A look back at 2020 – the year that container supply chains collapsed

As an unparalleled year for container shipping draws to a close ocean carriers are popping champagne corks to celebrate record profits, while beleaguered shippers reel against skyrocketing freight rates and a broken supply chain.
2020’s annus horribilis for shippers threatens their very existence and has left relationships with carriers in tatters.
However, back in May, at the height of the pandemic, it was the container lines that were staring into the abyss …

The post A look back at 2020 – the...

https://theloadstar.com/a-look-back-at-2020-the-year-that-container-supply-chains-collapsed/

More pain for Asia-Europe shippers as rate hikes and surcharges pile up

Container spot rates on Asia to North Europe leapt 27% this week to breach $2,000 per teu, with carriers planning further FAK rate hikes for December.
The Shanghai Containerized Freight Index (SCFI) recorded an increase of $447 in its North Europe component, to $2,091 per teu, which is 170% higher than a year ago.
The SCFI rate to Mediterranean ports also saw a big spike, 23%, to $2,219 per teu, representing a …

The post More pain for Asia-Europe shippers as rate hikes and surcharges pile up...

https://theloadstar.com/more-pain-for-asia-europe-shippers-as-rate-hikes-and-surcharges-pile-up/

As shipping’s ‘seasonal lull’ remains anything but, rollovers continue to climb

Container rollovers at the world’s leading transhipment ports began to climb again last month, according to new research from tracking data provider Ocean Insights.
After a global decline in rollovers during September, there were increasing numbers of shipments missing their scheduled loadings with almost every carrier.
“This is supposed to be container shipping’s seasonal lull after the summer peak season,” said Josh Brazil, chief operations officer at Ocean Insights.
“But on some tradelanes, …

https://theloadstar.com/as-shippings-seasonal-lull-remains-anything-but-rollovers-continue-to-climb/

An ‘uphill battle for shippers’ on the transpacific as carriers shy away from contracts

As Asia-US demand continues to surge, BCOs are struggling to ship contracted cargo and are increasingly turning to NVOCCs to support their fractured supply chains.
Anecdotal reports to The Loadstar suggest carriers are finding spurious reasons to refuse the release of equipment at depots in China, in addition to rolling contracted containers without notice.
“It’s a no-brainer really,” one Shanghai-based forwarder told The Loadstar. “Carriers can get four times the price for …

The post An ‘uphill...

https://theloadstar.com/an-uphill-battle-for-shippers-on-the-transpacific-as-carriers-shy-away-from-contracts/

Fewer transhipment boxes being ‘rolled’ as capacity returns to major trades

Fewer containers are being ‘rolled’ at major ports, according to new data from predictive ocean container tracking data provider Ocean Insights.
It has revealed that the rate of container rollovers at the world’s largest transhipment ports has begun to decline as carriers have returned capacity to major trades – but the number remains significantly higher than a year ago.
According to Ocean Insights, the percentage of transhipment containers rolled at the world’s …

The post Fewer transhipment...

https://theloadstar.com/fewer-transhipment-boxes-being-rolled-as-capacity-returns-to-major-trades/

Carriers prioritise transpacific boxes over Europe as spot rates hit new heights

The acute equipment shortage in Asia means containers are being prioritised for higher-paying transpacific spot cargo.
The China to US components of today’s Shanghai Containerized Freight Index (SCFI) recorded another big jump in spot rates, after the implementation by carriers of a sixth consecutive successful GRI on 1 September.
Spot rates to the west coast jumped a further $119 on the week, to a record $3,758 per 40ft, a staggering 129% higher …

The post Carriers prioritise transpacific boxes...

https://theloadstar.com/carriers-prioritise-transpacific-boxes-over-europe-as-spot-rates-hit-new-heights/

Hapag-Lloyd latest carrier to offer service with no rollover promises

Hapag-Lloyd is the latest carrier to announce a shipment guarantee premium product, which it claims will “increase supply chain efficiency” for customers.
Loaded as Booked is the fourth part of the carrier’s rollout of 10 quality promises through to the end of next year.
Hapag-Lloyd said subscribing would mean a promise to load 95% of a customer’s confirmed bookings “on the exact ship specified” in the booking confirmation.
“Missed loadings have always been …

The post Hapag-Lloyd latest carrier...

https://theloadstar.com/hapag-lloyd-latest-carrier-to-offer-service-with-no-rollover-promises/

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/

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/

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