Container xChange

Demurrage Report: World’s Top 5 Most Expensive Ports are in the US

Credits: Venti views/Unsplash

Demurrage and Detention (D&D) charges imposed on US shippers by container lines continue to be the most expensive in the world and have increased this year even as global average fees have fallen from the record highs of 2021, reports Transport & Logistics quoting Container xChange.

Demurrage & Detention Benchmark 2022 report

Container xChange’s Demurrage & Detention Benchmark 2022 report, published today, ranks the most expensive global ports for D&D charges levied...

https://mfame.guru/demurrage-report-worlds-top-5-most-expensive-ports-are-in-the-us/

Far East Land Bridge increases fleet efficiency through Container xChange

Far East Land Bridge (FELB), a railway operator with services between Europe and Asia, has found success in balancing its fleet and decreasing idle time through its collaboration with an online container logistics firm, Container xChange.

With a fleet of 2,600 containers, FELB sought a solution to rapidly hire additional units during times of high demand and prevent vacant shifting costs during periods of low demand.

According to the statement, in 2018, FELB joined Container xChange’s leasing...

https://container-news.com/far-east-land-bridge-increases-fleet-efficiency-through-container-xchange/

Container xChange sees warehouses overflowing and possible rebound in box rates in March

Hamburg-based Container xChange, an online platform for container logistics, has released its container market forecast for March.

While most industry participants anticipate a rebound in container prices in the coming months, Container xChange reported that the Container Price Sentiment Index (xCPSI) is expected to be positive by the beginning of March 2023.

Since February, approximately 2,700+ industry experts have engaged in mood analysis questionnaires in which Container xChange inquired...

https://container-news.com/container-xchange-sees-depots-overwhelmed-and-possible-rebound-in-box-rates-in-march-forecast/

Major box carriers to raise peak-season levy for India-US trades

After a brief gap that has seen some signs of freight rate softening and corrections, container lines actively operating on India-US trades are looking to capitalise on expected peak season cargo movements.

Mediterranean Shipping Co. (MSC) seems to lead that rate push. The Geneva-based liner, which has three weekly connections out of West India for the US East Coast, has significantly jacked up peak season surcharges it had earlier planned to apply from 4 July.

The PSS levy has been increased to...

https://container-news.com/major-box-carriers-to-raise-peak-season-levy-for-india-us-trades/

Freight forwarders turn to SOCs to face global container shortage

The percentage of top 50 freight forwarders accepting shipper owned container (SOC) requests grew from 6% in 2019 and 10% in 2020 to 18% in 2021, according to the annual ‘Mystery Shopping SOC report’ by Container xChange, an online container marketplace.

“Though there is considerable improvement in demand for SOCs, the major forwarders are yet to fulfill the demand for the boxes on the route from China to Germany,” commented the Hamburg-based company.

“SOC increases reliability for empty...

https://container-news.com/freight-forwarders-turn-to-socs-to-face-global-container-shortage/

Container xChange warns of ‘ripple effect of disruptions one after the other’

Despite the fast turnaround of containers, the latest partial port lockdowns in China as a result of the country’s zero-COVID policies have supply chain operators voicing concern.

“As the omicron variant brings more disruption, with Chinese New Year around the corner and some ports including Ningbo already facing lockdowns, we are expecting a volatile start to the year for ocean freight logistics,” said Johannes Schlingmeier, co-founder and CEO of Container xChange, an online marketplace for...

https://www.freightwaves.com/news/container-xchange-warns-of-ripple-effect-of-disruptions-one-after-the-other

Getting space on ships next year the biggest worry for the logistics sector

Securing space on containerships is viewed as the biggest challenge for the logistics sector going into 2022, according to an industry survey.
A poll of 800 logistics companies by online equipment trading platform Container xChange reveals that for 53% of respondents, finding slots on vessels is by far the biggest concern for businesses, followed by carrier surcharges, at 22%, and labour shortages, 19%.
“The survey results indicate that the industry is expecting …

The post Getting space on ships...

https://theloadstar.com/getting-space-on-ships-next-year-the-biggest-worry-for-the-logistics-sector/

Container availability slumps in Southern China

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, an online platform for container logistics.

Pearl River Delta port productivity has slumped in recent weeks with container lines citing positive Covid-19 cases for slowing productivity.

Yantian and Shekou ports, near Shenzhen, and Nansha port, part of the Guangzhou...

https://container-news.com/container-availability-slumps-in-southern-china/

Container prices surge in Europe

For European exporters looking to source shipping containers, existing shortages could deteriorate significantly in the coming weeks, according to the latest data from Container xChange, the online platform for the leasing and trading of shipping containers.

Most pricing and availability indicators now suggest carriers are continuing to favour shipping empties back to Asia as fast as possible to maximise yields on main-haul services rather than wait for less lucrative backhaul loads.

According to...

https://container-news.com/container-prices-surge-in-europe/

Box Price Surge In China And India: Forwarders Compete For Space

As container prices in China and India continue to surge, local forwarders are busier than ever trying to secure space, says an article published in The Loadstar.

Chinese leasing companies faces difficulties 

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.

David...

https://mfame.guru/box-price-surge-in-china-and-india-forwarders-compete-for-space/

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