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https://container-news.com/industry-unease-at-rising-port-congestion/
Colossal levels of newbuilding, waning demand and a discontented and resentful customer base is a recipe for a run on rates that had been expected last year but is now predicted to be only marginally affected by a United States East Coast port strike.
Global Shippers Forum (GSF) director James Hookham will tell a FIATA World Congress in Panama today (26 September) that shippers have had enough and will be fighting back against what they see as a poor service offered at extremely high rates with...
https://container-news.com/container-shipping-braces-for-rate-collapse/
Major container carriers are using the European Union Emissions Trading System (EU ETS) to fleece their customers, over-charging for the carbon trading scheme by thousands of euro, according to a leading environmental organisation.
A study by the Brussels-based Transport & Environment (T&E) pressure group analysed 565 journeys taken by 20 vessels to and from Europe operated by Maersk, Hapag-Lloyd, MSC and CMA CGM and found that the lines were charging more than the cost of the EU ETS in 90% of...
https://container-news.com/profiteering-lines-take-shippers-to-the-cleaners/
Verifiable costs for transiting the African Cape rather than the Suez Canal are around US$1,000 per box according to Xeneta chief analyst Peter Sand, who was responding to questions on how western bombing had changed the maritime supply chain seascape.
Speaking after coalition forces bombed targets in Yemen in an effort to neutralise the threat to merchant shipping in the Red Sea, Gulf of Aden and Gulf of Oman, US has effectively escalated the regional war, admitted Sand.
“Tensions were already...
https://container-news.com/shippers-are-counting-the-cost-of-war/
Analysis by Hong Kong-based Linerlytica suggests that the sudden and deep decline in container freight rates in the third quarter was initiated by Maersk Lines’ attempts to recover market share.
Container freight rates have declined significantly over the course of this year as market fundamentals have been hit by a double shock with demand declining and capacity soaring as record levels of ordering translated into deliveries.
As a result, Linerlytica said Maersk “swung” into a US$27 million EBIT...
https://container-news.com/analyst-says-maersk-rate-cutting-behind-q3-losses/
As global trade declined during the second half of 2022, in response to severe economic headwinds in many countries and the continued effects of the Covid-129 pandemic, the Global Shippers Forum (GSF)/MDS Transmodal Container Shipping Market Review reflected the impacts on the activity and fortunes of shippers of unitised goods in international trade.
The latest edition of the Container Shipping Market Quarterly Review published on 20 December, reports data from the third quarter of the year – a...
Αs the European Commission considers renewing the Consortia Block Exemption Regulation (CBER) that enables current container shipping alliances to operate, liner operators and shippers are once again locking horns.
The review is being done ahead of the existing CBER expiring on 25 April 2024.
The World Shipping Council (WSC), representing liner operators, said in a statement on 4 October that the CBER is an essential regulatory tool that yields significant benefits to the EU, with no downside...
https://container-news.com/lines-and-shippers-clash-over-cber-extension/
MDS Transmodal (MDST) and Global Shippers Forum (GSF) have concluded that current measures of competitiveness in the global liner shipping market are incomplete and therefore inaccurate and fail to take full account of the degree of cooperation between carriers which results in a more highly concentrated industry, to the serious detriment of shippers worldwide.
Thus, a modified measure is proposed, based on the alternative indicators suggested in a recent study produced by OECD/ITF and MDST,...
https://container-news.com/mdst-gsf-underline-lack-of-competition-issue-in-global-liner-market/
Fear prevails in the Global Shippers Forum (GSF), the global business organisation which represents cargo owners exporting and importing to international supply chains.
The reason is the new carbon tax that will be discussed at this week’s meeting of the Marine Environment Protection Committee (MEPC) at the International Maritime Organisation (IMO) and it seems that it will increase freight costs for shippers beyond the already record levels.
After decades of efforts by the IMO to reach an...
https://container-news.com/shippers-fear-higher-freight-costs-due-to-carbon-tax/
The MDS Transmodal (MDST) report has revealed the extent of capacity restriction as a result of scheduled port calls skipped and blank sailings by the container lines during 2021.
In parallel, certain regions will suffer economic impact hindering post-pandemic recovery, according to the report.
The MDST research, commissioned by Global Shippers Forum (GSF), found that global ports lost over a third of their expected capacity to ship containers during the last year, creating delays and disruption...