Crisis or hiccup? Assessing the logistics impact of China lockdowns

A tractor pulls a container through a container shipping yard in Shanghai, where COVID restrictions are slowing trade.

A mixed bag of circumstances and time horizons are creating diverging narratives about whether shipping delays stemming from the shutdown of Shanghai and other Chinese cities are getting better or presage massive supply chain gridlock.

There is no sign that Shanghai’s lockdown is easing anytime soon. Footage on social media shows steel fences being installed on public roads and inside residential compounds to keep people from traveling to other districts and moving in neighborhoods. On Monday,...

https://www.freightwaves.com/news/crisis-or-hiccup-assessing-the-logistics-impact-of-china-lockdowns

Despite rising risks, shipping lines on track for another record year

container shipping lines

The year is almost a third over, and with each passing month, shipping lines look increasingly likely to pocket even more cash in 2022 than in record-trouncing 2021.  

New data and commentary released Tuesday by ocean carrier Maersk, freight forwarder Kuehne+Nagel and consultancy Drewry highlight just how profitable this year is shaping up to be for ocean carriers — and how expensive it’s looking for importers.

Drewry’s baseline forecast now calls for ocean carriers as a group to earn $300...

https://www.freightwaves.com/news/despite-rising-risks-container-shipping-poised-for-another-record-year

FreightWaves Classics: Malcom McDowell’s containership begins first journey in 1956

Malcom McLean in the foreground with a Sea-Land container behind him. (Photo: Maersk)

On this date in 1956 the first commercially successful container ship began its maiden voyage on a route from New Jersey to Texas. The Ideal X and its 58 intermodal containers began a revolution in shipping that is still echoing around the world today.

Background

A McLean Trucking Company patch. (Photo: NC Historic Sites)A McLean Trucking Company patch. (Photo: NC Historic Sites)

Malcom P. McLean recognized the potential to haul motor freight when he was just a teenager. The native of Maxton, North Carolina, purchased his first truck in 1934 and began...

https://www.freightwaves.com/news/freightwaves-classics-malcom-mcdowells-containership-begins-first-journey-in-1956

Shipping stocks in crosshairs as fears mount on China, war, inflation

shipping stocks

Shipping stocks fell sharply on Monday as Wall Street’s main indexes closed higher. Multiple shipping names sank by double digits, adding to last week’s pullback.

U.S.-listed shipowner shares face simultaneous sentiment pressures on multiple fronts.

The longer China’s COVID lockdowns last and the further they spread, the more concern there is on China’s economy, its demand for tanker and dry bulk import cargoes, and its ability to export containerized cargoes. Russia-Ukraine war fallout is...

https://www.freightwaves.com/news/shipping-stocks-in-crosshairs-as-fears-mount-on-china-war-inflation

Xi’s lockdowns will pull the rug out from under U.S. truckers this summer

The Port of Shanghai. (Photo: Shutterstock)

Whenever the trucking market slows, truck drivers look for someone to blame. Normally, a slowdown is just a function of supply and demand. The market has too much dispatchable capacity compared to the total number of loads on any given day. 

This summer, the trucking market could have one of its steepest declines in recent years and there is an entity that deserves much of the blame – the Chinese Communist Party and its draconian and inhumane lockdowns. 

 A Chinese containership. (Photo: ship-technology.com) A Chinese containership. (Photo:...

https://www.freightwaves.com/news/xis-lockdowns-will-pull-the-rug-out-from-under-us-truckers-this-summer

Κορύφωση της συμφόρησης containerships

Η συμφόρηση στους παγκόσμιους λιμένες βρίσκεται εκ νέου σε ανοδική πορεία, απόρροια μεταξύ άλλων της επίδρασης των οριζόντιων μέτρων της Κίνας προς αντιμετώπιση της έξαρσης κρουσμάτων Covid-19 σε κομβικές πόλεις του παγκόσμιου θαλάσσιου εμπορίου, όπως η Σαγκάη. Στο πλαίσιο αυτό, δημοσίευμα του TheLoadstar, επικαλούμενο δεδομένα της Windward, η οποία συνιστά εταιρεία που επικεντρώνεται μεταξύ άλλων στη διαχείριση κινδύνου για εταιρείες που δραστηριοποιούνται στη ναυτιλία, εστιάζεται στη...

https://www.naftikachronika.gr/2022/04/25/koryfosi-tis-symforisis-containerships/

14 νεότευκτα containerships για την MSC

Η εταιρεία τακτικών γραμμών MSC παρήγγειλε, σύμφωνα με δημοσιεύματα σε διεθνή ΜΜΕ, δεκατέσσερα νέα containerships, χωρητικότητας 7.000 TEU. Η MSC επιμένει στην επικοινωνιακή πολιτική με την οποία δεν ανακοινώνονται στοιχεία για τα νεότευκτα προγράμματα αλλά το ναυπηγείο New Times στην Κίνα φαίνεται να επιβεβαίωσε την παραγγελία σε δημοσιογραφικά πρακτορεία. Η παράδοση των πλοίων, αναμένεται να υλοποιηθεί μεταξύ 2024 και 2025.

Η MSC συνεργάζεται για πρώτη φορά με τα ναυπηγεία New Times, τα οποία...

https://www.naftikachronika.gr/2022/04/25/14-neotefkta-containerships-gia-tin-msc/

Containerships και το κλείσιμο της ψαλίδας μεταξύ short και long-term ναυλαγοράς

Οι ναύλοι των containerships στη spot αγορά σε σύγκριση με εκείνους στα συμβόλαια χρονοναύλωσης έχουν διανύσει μια περίοδο υψηλής διαφοράς. Πιο συγκεκριμένα, επί μήνες, οι ναύλοι στα συμβόλαια χρονοναύλωσης βρίσκονται υψηλότερα από εκείνους της spot αγοράς, και δη στο backhaul route από τις ΗΠΑ στην Άπω Ανατολή. Ωστόσο, όπως σημειώνει ανάλυση της Xeneta, η πρόσφατη πτώση στους ναύλους της long-term αγοράς έχει μειώσει τη διαφορά μεταξύ της short-term και της long-term αγοράς.

Ειδικότερα, από τα...

https://www.naftikachronika.gr/2022/04/22/containerships-kai-to-kleisimo-tis-psalidas-metaxy-short-kai-long-term-navlagoras/

Shanghai lockdown is not causing global supply chain chaos (yet)

Shanghai lockdown

First came China’s Wuhan lockdown in February 2020. Then came the closing of Yantian in Shenzhen, the world’s fourth-largest port, in June 2021. Now, Shanghai — site of the world’s largest port — is in extended lockdown. The first two events had extreme effects on container shipping to the U.S. But Shanghai is no Wuhan or Yantian, at least not yet.

Shanghai export box wait times

One fear is that China’s strict COVID policy will lead to a pileup of containers at Shanghai’s port. The big difference...

https://www.freightwaves.com/news/shanghai-lockdown-is-not-causing-global-supply-chain-chaos-yet

GTI Transport Solutions acquires container transport provider Foxconn Logistics

A yellow container on a white truck leaving the Port of Houston

Canadian transportation and logistics company GTI Transport Solutions announced Thursday the acquisition of container transport provider Foxconn Logistics.

Based in Spring Hill, Tennessee, Foxconn is an asset-light brokerage specializing in container management and drayage at U.S. ports. The company’s drayage network has relationships with rail ramps and container shipping lines as well as access to a network of 30,000 carriers, to facilitate the shipment of ocean, rail and road freight.

The...

https://www.freightwaves.com/news/gti-transport-solutions-acquires-container-transport-provider-foxconn-logistics

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