Containershipping

‘Business Language’ & Antiquated Process Derailing Container Shipping

According to a Freight Waves article written by Kim Link Wills, until container carriers agree on a common “business language,” the electronic conveyance of important information will be lost in translation, says Thomas bagge, CEO of Digital Container Shipping Association.

Problematic Definitions

Bagge said during a World Economic Forum webinar on Monday that DCSA’s nine members — CMA CGM, Evergreen Marine, Hapag-Lloyd, HMM, Maersk, MSC, ONE, Yang Ming and ZIM — had six different definitions for...

https://mfame.guru/business-language-clarity-antiquated-process-derailing-container-shipping/

US-China Trade War Escalation Jitters in the Shipping Market!

industrial port with containers

The U.S.-China Phase One trade deal is not dead, but it is on life support and its likely to affect trade once again, writes Freight Waves, Senior Editor, Greg Miller in an article published on their website.

What’s Waiting for the Container Market?

The two superpowers’ deteriorating relations in the wake of a Chinese security law covering Hong Kong has implications for container, tanker, dry bulk and gas shipping demand, as well as shipping stocks.

President Donald...

https://mfame.guru/us-china-trade-war-escalation-jitters-in-the-shipping-market/

Low Bunker Price the Only Advantage for Carriers!

The Covid-19 crisis has – and will continue to – hit the container shipping market hard, and the current economic situation provides no hope for a short-term recovery, writes BIMCO CEO, Peter Sand, in an article published on their website

Demand drivers and freight rates

The coronavirus pandemic looks set to continue to hammer container shipping demand. While the lower demand that came when China shut down much of its manufacturing in February has passed, it was been replaced by a demand...

https://mfame.guru/low-bunker-price-the-only-advantage-for-carriers/

How Container Shipping Is Changing for the Future Trade Challenges?

industrial port with containers

Whatever you purchase – from the lastest sneakers to the tomatoes in the market everything comes by sea and hence shipping has a huge role to play in it. Containershipping is going through a massive technological change as the world tries to grip with a pandemic. This article published in Wartsila how the container shipping industry is acing up its technology.

Have you ever wondered how a new pair of sneakers or imported bottle of wine arrived at your doorstep from...

https://mfame.guru/how-container-shipping-is-changing-for-the-future-trade-challenges/

Container Shipments Set To Fall 30%! A Setback for Shipping Giants?

Vehicles at a Shipping Depot as China Says It Won't Submit to U.S. 'Threats' as Trade Talks Near
  • Global container shipments are set to fall 30% in the next few months, as retailers ask shipping companies to push back deliveries.
  • Shipments fell about 15% this year amid the coronavirus pandemic. 
  • The slump is a setback for shipping giants, which started the year strong as healthy trade volumes allowed the industry to boost rates. 
  • Inbound containers to the Port of Los Angeles plunged 26% in March, Singapore’s container throughput dropped to its worst reading since August.
  • Some...

http://mfame.guru/container-shipments-set-to-fall-30-a-setback-for-shipping-giants/

COVID19 Resulting in Reduced Ship Port Calls & More Warehousing at Ports!

According to a Safety4Sea report, 40% of ports in the world are having 25% or more decrease in ship port calls as the COVID19 pandemic takes centre stage a port economic report by IAPH-WPSP highlights.

What is it?

In light of the COVID-19 pandemic, a IAPH-WPSP Port Economic Impact Barometer started monitoring the current situation in world ports and trends compared to previous weeks.

  • In fact, the first survey results were collected in week 15 of 2020, collecting information from 67 ports around...

http://mfame.guru/covid19-resulting-in-reduced-ship-port-calls-more-warehousing-at-ports/

Crunch time for international shipping – keeping containers in the supply chain

International shipping lines play a crucial role in bringing essential goods to Australia and supporting Australia’s economy by taking our export to global markets.  These services are even more important during the current COVID-19 crisis. 

Like many other organisations in the supply chain, shipping companies in all sectors are experiencing cost pressures as overall global trade is in decline. 

In the container shipping sector, there is a clearly a reduction in forward import orders towards the...

https://shippingaustralia.com.au/international-shipping-vital-during-covid-19-and-more-important-than-ever-that-the-containers-are-unpacked-and-returned-so-that-they-remain-in-the-supply-chain/

Carriers Headed for a 10% Decline in Container Volumes!

According to a LoadStar article written by Gavin van Marle, the container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the coronavirus pandemic.

What is it?

Demand for unitised shipping services is set to nosedive as a result of the economic devastation wrought by large swathes of the world forced into social lockdowns.

Research today from liner analyst SeaIntelligence Consulting reports that the best carriers can hope for this year would be a 10%...

http://mfame.guru/carriers-headed-for-a-10-decline-in-container-volumes/

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