Coronavirus effect Archives - Maritime Shipping News

Shipper Satisfaction Survey Shows Concerns With 2020 Canceled sailings

10 June 2020

Shipper satisfaction survey shows positive 2019 trends and 2020 concerns as a growing number of canceled sailings are seen, says an article published in The Maritime Executive.

Annual shipper satisfaction survey

Drewry and the European Shippers’ Council (ESC) conducted the fourth annual shipper satisfaction survey.

The survey results showed a marginal improvement in 2019 for container shipping lines’ ability to provide cargo space.

Survey results

2019 trends and 2020 concerns

The survey reported...

https://mfame.guru/shipper-satisfaction-survey-shows-concerns-with-2020-canceled-sailings/

Can Long-term Charters Insulate Carriers from Coronavirus Effect?

4 March 2020

According to a LoadStar article written by Mike Wackett, charters are actually helping shipowners and shielding them from the coronavirus effect.

Take the case of Containership owner Seaspan for example who have announced that they had a good year in 2019, as its fleet of 112 vessels enjoyed improving charter rates and extended time charters with its ocean carrier clients.

Tonnage Shortage Helped?

Seaspan rode on a ‘win-win’ ticket of a shortage of tonnage due to the vast number of ships being...

https://mfame.guru/can-long-term-charters-insulate-carriers-from-coronavirus-effect/

Container Shipping Has Come To a Halt!, Sailings Just 10% Full!

18 February 2020

The coronavirus outbreak in China has caused major disruption to the supply chain.
Carrier sources say they can’t carry on much longer like this as the network has come to a halt.
A 23,000 teu ship was sailed this week from China to North Europe with less than 2,000 teu.
A premium to be charged for customers who manage to get their containers on the quayside.
Freightos Baltic Index (FBX) from China to North Europe shows a modest 4% decline to $1,758 per 40ft and a minimal 1% fall for...

http://mfame.guru/container-shipping-has-come-to-a-halt-sailings-just-10-full/

Reefer Crisis Mounts As Coronavirus Traps Drivers!

17 February 2020

Coronavirus lockdown traps drivers, leaving reefers stranded and a plug shortage.
Terminal operations and pick-up of inbound containers in China has been slow.
Reefer boxes in transit to Shanghai or Tianjin might be re-routed for transhipment.
To cover the additional cost of re-routing the cargo, a congestion surcharge of $1,000 per container will be applied.
So far only 20% of factories have successfully resumed production, and it is expected to reach over 50% by next week.
This reefer...

http://mfame.guru/reefer-crisis-mounts-as-coronavirus-traps-drivers/

No Way To Forecast The Severity of the Coronavirus Implications As Quarantine Continues

3 May 202014 February 2020

Coronavirus outbreak causing markets to tumble and bringing shipping to halt
BIMCO’s Peter Sand says that the Intra Asian shipping route will bear the largest impact
Scrubber retrofitting would be hit
Chinese economy slow down will drive the oil market slump
US export boom to be hit as the US-China Phase One Deal is likely to be delayed
The quarantine will further drag down the earnings in the coming days
In the long-run implications are difficult to predict as the virus continues to spread

Th...

http://mfame.guru/no-way-to-forecast-the-severity-of-the-coronavirus-implications-as-quarantine-continues/

Stranded at Sea! Fate of 2000 People Hang in Coronavirus Fear!

12 February 2020

The Holland America Line Inc. Westerdam cruise ship passes through the West Arm of Glacier Bay, Alaska, U.S., on Tuesday, July 9, 2019. Fears over melting glaciers are fueling a tourism boom in Alaska, with rising summer temperatures in recent years contributing to the rapid decline of a number of storied glaciers, according to reporting from The Telegraph. Photographer: Tim Rue/Bloomberg via Getty Images

cruise with 2000 people stranded at sea as countries deny docking.
countries like Japan,...

http://mfame.guru/stranded-at-sea-fate-of-2000-people-hang-in-coronavirus-fear/

Chinese Ports Set To Lose 6 Million TEU Due To Coronavirus Outbreak

7 February 2020

According to an analysis by Alphaliner, the Chinese government’s decision to extend the new year holiday to 9 and 10 February, as it battles to contain the coronavirus outbreak, could lead to a 0.7% decline in global port throughput, reports the Loadstar.

Coronavirus Outbreak Impact

And the consultant says the reduction of China’s factory output as a result of the extended holiday is likely to lead to Chinese ports losing some 6m teu in volumes in the first quarter.

“The full impact of the Chinese...

http://mfame.guru/chinese-ports-set-to-lose-6-million-teu-due-to-coronavirus-outbreak/

Chinese Firm Offers Force Majeure Certificates Amid Coronavirus Outbreak

3 February 2020

According to a Reuters report, a Chinese international trade promotion agency said it would offer force majeure certificates to companies struggling to cope with the impact of the new coronavirus epidemic on their business with overseas partners.

Why this move?

The move by the China Council for The Promotion of International Trade (CCPIT), officially accredited with Beijing’s Commerce Ministry, was announced late on Thursday and comes with the death toll in the country from the virus topping 200....

http://mfame.guru/chinese-firm-offers-force-majeure-certificates-amid-coronavirus-outbreak/