Container shortages

Container Shortage In Chinese Ports Prevail Due To Covid Lockdowns

  • The availability of containers at southern Chinese ports continues to deteriorate as carriers omit calls due to a wave of Covid outbreaks in Guangzhou province.
  • The ports of Yantian, Shekou and Nansha have been hit worst by the box shortages.

Ports in southern China impacted by Covid-19 lockdowns that are further disrupting the global box trade have seen a significant slump in container availability in the last two weeks, according to the latest data from Container xChange, reports Xinde...

https://mfame.guru/container-shortage-in-chinese-ports-prevail-due-to-covid-lockdowns/

Box troubles still hitting forwarders in China and India as prices keep rising

As container prices in China and India continue to surge, local forwarders are “busier than ever” trying to secure space.
Leasing platform Container xChange said there were “few signs” of shortages being resolved, highlighting steep increases in the prices of new and used equipment since last year.
“In China, average prices for used 20ft containers increased 94% between November and March,” the company said.
At $2,028 for a 20ft, Dalian is now the most expensive …

The post Box troubles still...

https://theloadstar.com/box-troubles-still-hitting-forwarders-in-china-and-india-as-prices-keep-rising/

Box shortages and port congestion now an ‘industry-wide challenge’ across Asia

Equipment shortages in Asia will get worse over the next two weeks, say carriers, impacting both deepsea and intra-Asia trades.
Maersk has told customers the strong cargo demand out of Asia Pacific would likely continue throughout the second-quarter, but…
“Schedule reliability is impacted by two main factors: recent delays from Europe via Suez Canal; and lower port productivity, especially on transpacific and European trade routes,” the company added.
As a result, the shortage …

The post Box...

https://theloadstar.com/box-shortages-and-port-congestion-now-an-industry-wide-challenge-across-asia/

Snapshot: Jubilant shipping lines set for record ’21 – but it won’t last forever…

The numbers for the liner industry are in and boy did it have a vintage year – the best that Drewry has records for, according to the consultant’s Q1 ’21 forecaster.

It estimates – and I think we can be pretty confident in the figures at this point – a 2020 ebit for the industry at $26.6bn, with the...

https://theloadstar.com/snapshot-jubilant-shipping-lines-set-for-record-21-but-it-wont-last-forever/

Carriers need to box clever with equipment as new and used prices soar

Ocean carriers are doing whatever it takes to hold onto chartered ships, and are investing heavily in container control systems to maximise their box fleets.
During a press briefing this month, Hapag-Lloyd chief executive Rolf Habben Jansen said current market conditions had increased container usage time by some 20%, compared with pre-pandemic.
“In reality, this means you need about 20% more boxes to transport the same amount of goods,” he said.
Notwithstanding increased …

The post Carriers...

https://theloadstar.com/carriers-need-to-box-clever-with-equipment-as-new-and-used-prices-soar/

Ripples from Ever Given crisis reach India, with SMEs being hit hardest

As the fallout from Ever Given cascades through container supply chains, it’s getting more difficult for Indian forwarders to secure shipping capacity.
According to Rakesh Pandit, CEO of Conbox Logistics: “Not only are European shipments running late, but we’re seeing a lot of cancelled bookings placed in March from countries such as Italy, Turkey and Spain – we have a backlog of 300 teu from Europe to India in just the last …

The post Ripples from Ever Given crisis reach India, with SMEs being...

https://theloadstar.com/ripples-from-ever-given-crisis-reach-india-with-smes-being-hit-hardest/

‘Chicken-and-egg effect’ adding pressure on already stressed US importers

The financial cost to major shippers of the twin supply chain challenges of container shortages and port congestion are becoming increasingly apparent as BCOs begin to report quarterly figures.
On Friday, US footwear and apparel giant Nike released its third-quarter results – covering its operating performance from December to the end of February – which revealed quarterly revenue in North America down 11% year on year.
This was a result of “container …

The post ‘Chicken-and-egg effect’ adding...

https://theloadstar.com/chicken-and-egg-effect-adding-pressure-on-already-stressed-us-importers/

India trade on the rebound, but lack of boxes could hamper full recovery

India’s container imports came roaring back to life in the fourth quarter, but booming demand out of China means there’s still a shortage of export containers.
According to Maersk’s Q4 India trade report, container volumes grew 13.2% year on year, with exports “stabilising at a high level” and imports bouncing back 36.3%, compared with the previous quarter.
The carrier described it as “making solid strides towards returning to normalcy”.
It added: “Demand for …

The post India trade on the...

https://theloadstar.com/india-trade-on-the-rebound-but-lack-of-boxes-could-hamper-full-recovery/

Vietnam recovery held back by steep ocean rates and box woes

It’s getting harder and harder for SMEs to find container shipping space ex-Vietnam, opting instead for short-term storage.
Demand for Vietnamese goods is higher than ever, according to forwarders in Ho Chi Minh City, but only multinationals can afford the current steep freight rates.
Tom Tabouring, sales manager at Tin Nghia Logistics, told The Loadstar: “SMEs are looking for overflow warehousing space since they can’t afford – or are not willing to …

The post Vietnam recovery held back by...

https://theloadstar.com/vietnam-recovery-held-back-by-steep-ocean-rates-and-box-woes/

No post-CNY easing of container shortages – it’s a ‘cycle of perpetual scarcity’

Hopes that the Chinese New Year would give container lines breathing space to reposition the vast numbers of empty container appear to be short-lived.
Shippers and forwarders trying to find equipment for shipments out of China had hoped the two-week holiday would allow time to build up a stock of boxes to ease supply chain pressure.
But any gains achieved were unlikely to last long, Akhil Nair, vice president of global carrier …

The post No post-CNY easing of container shortages – it’s a ‘cycle...

https://theloadstar.com/no-post-cny-easing-of-container-shortages-its-a-cycle-of-perpetual-scarcity/

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