Container xChange

Container availability drops across Asia prior to shipping peak

New blog from container tracking and exchange platform ContainerXchange, with some data to illuminate recent reports of growing equipment shortages in Asia. The firm’s Container Availability Index suggests stocks of 20ft boxes has reached critical lows in Port Klang and Shanghai, although there is some good news in that supplies of 40ft and 40ft high-cube boxes are expected to increase in coming weeks in the Chinese gateway, at least.

The post Container availability drops across Asia prior to...

https://theloadstar.com/container-availability-drops-across-asia-prior-to-shipping-peak/

Container lines on track for US$15bn pandemic windfall

Runaway freight rates in the second and third quarters have had analysts scrambling to re-write doomsayer forecasts published as recently as June to predict what promises to become the industry’s most profitable year on record.

Soaring rates from Asia to the US and signs of recovery on other key trade lanes have pushed Lars Jensen, co-founder of the consulting group, Sea-Intelligence, to re-model his forecast for overall industry profitability for the second time in two months, floating a...

https://container-news.com/container-lines-on-track-for-us15bn-pandemic-windfall/

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/

How to take the hard work out of calculating demurrage and detention charges

Shipper fury at demurrage and detention (D&D) charges at levied by carriers serving US ports suddenly became a lot more understandable today.
According to new research from online container logistics platform Container xChange, there are huge variations in the levels of D&D charges around the world – not only between the major ports, but between different carriers in any given port.
The research shows that D&D fees in Long Beach and Los …

The post How to take the hard work out of calculating...

https://theloadstar.com/how-to-take-the-hard-work-out-of-calculating-demurrage-and-detention-charges/

Port of Hamburg calls out misleading empties reports

There is no scarcity of empty containers at the Port of Hamburg said the port’s CEO Axel Mattern following an extensive survey of the port’s customers, but he also warned of the pain to come.

According to some reports there is a shortage of empty containers as the Chinese New Year and Covid-19 crisis has unfolded, with manufacturing in Chinese heartlands stalling after the Lunar New Year as a result of the viral epidemic. According to the widely reported Container XChange’s availability index...

https://container-news.com/port-of-hamburg-calls-out-misleading-empties-reports/

Hamburg ‘unfairly singled out’ as container supply goes ‘out of kilter’

The port of Hamburg has hit back at recent media reports claiming container equipment is still in short supply at German depots.
It said that it had polled container lines serving German seaports to assess the situation on box availability, finding there was “no appreciable scarcity”.
Moreover, the port’s marketing association said the response to the survey also suggested carriers were “not expecting any shortages to arise”.
CEO of Port of Hamburg Marketing …

The post Hamburg ‘unfairly singled...

https://theloadstar.com/hamburg-unfairly-singled-out-as-container-supply-goes-out-of-kilter/

Port Congestion: A Threat to the Industry? -Container xChange-

Article by Container xChange, Author: Shaini 

Port congestion creates pressure on cargo owners, shipping lines and in turn on Port Management. The Port Management needs to increase efficiency in handling the ships, expand the infrastructure of the ports and hire more workers. These factors collectively force the shipping companies to increase operational costs, as they might lose their credibility to transport goods at the promised time. Congestion also means the cargo can miss their connecting...

https://container-news.com/port-congestion-a-threat-to-the-industry-container-xchange/

Challenges of B2B Marketplaces in Transport & Logistics – Container xChange

The article provided by Container xChange:

Logistics marketplaces are taking highly specialized areas by storm. With Container xChange, we’re building the first online platform for container logistics – more than 300 companies already find SOC Containers and identify partners on our marketplace. In this article, we share the challenges we face as a logistics marketplace and explain how we try to overcome them.

Chicken-and-egg problem

In the realm of marketplaces, the concomitant chicken-and-egg...

https://container-news.com/challenges-b2b-marketplaces-transport-logistics-container-xchange/

Blockchain in Shipping: Is it just a hype or the next big thing?

The interview provided by Container xChange:

“This would be the biggest innovation in the industry since containerization!” says Bloomberg. And Wartsila adds that Blockchain is the “next big revolution in shipping”. Blockchain is a hype and you probably have already heard about countless benefits and examples of how the technology will disrupt logistics. However, “the best networks are often the hardest to create” says Camille Egloff, the Boston Consulting Group’s Global Head of T&L. Her newest...

https://container-news.com/blockchain-shipping-hype-next-big-thing/

Boxing clever can help reduce the growing cost of empty container repositioning

Costly empty container repositioning has been exacerbated by the US-China trade war, as more empty boxes than ever before head back to Asia.
However, artificial intelligence (AI) and the digitisation of one-way container leasing could help alleviate the shipping industry’s US$20bn empty box problem.
According to Jeremy Nixon (pictured above), chief executive of Ocean Network Express (ONE), the major impact from the trade spat so far has been to increase the existing …

The post Boxing clever can...

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