Hapag-Lloyd

Hapag-Lloyd announces changes in CMA and BPX services

Hapag-Lloyd has announced that effective from the Liverpool Express 07W22 / 008E25 service the call at Malaga will be replaced by an Algeciras call.

The calls at the other ports remain unchanged.

The new rotation is:
Tangier EB – Sagunto – Salerno – Livorno – Genoa – Fos – Malaga dropped – Algeciras added (APMT terminal) – Tangier – Vigo – Montreal – Tangier EB

Details of MV “Liverpool Express” 07W22

Sagunto – ETS 26 May 2020
Salerno – ETS 29 May 2020

Livorno – ETS 31 May 2020
Genoa – ETS 1 June...

https://container-news.com/hapag-lloyd-announces-changes-in-cma-and-bpx-services/

El coronavirus ralentiza pero no detiene el enfoque de las líneas en el comercio mundial

Según The Wall Street Journal, la pandemia de coronavirus ha expuesto la naturaleza frágil de las empresas y las economías basadas en el flujo de mercancías en todo el mundo, con cadenas de suministro sacudidas por el cierre de fábricas, barcos caros inactivos y terminales de carga cerradas por...

https://fullavantenews.com/coronavirus-slows-but-wont-stop-shipping-lines-focus-on-global-trade/?lang=es

VGM losses are approximately US$6bn, but who’s counting?

Cargo losses as a result of improper weight declarations for cargo carried in containers were meant to have been solved with the introduction of the Verified Gross Mass (VGM) regulation in 2016. But cargo accidents since the introduction of the rule show that it can be ineffective.

The loss of more than a hundred containers from CMA CGM George Washington two years ago is evidence that there is some way to go before the regulation is completely effective, while the major loss of 342 containers...

https://container-news.com/vgm-losses-are-approximately-us6bn-but-whos-counting/

Tough going for carriers forced to keep trying to match supply with falling demand

Indications are that ocean carrier financials for the first quarter will be satisfactory, due to prudent capacity management around the extended Chinese New Year shutdowns.
However, all bets are off as to how successful carriers will be navigating the current and following quarters.
Strong operational results published by OOCL this week, followed by similarly robust numbers from its parent, Cosco Shipping, should be a precursor for a reasonably good first-quarter performance from …

The post Tough...

https://theloadstar.com/tough-going-for-carriers-forced-to-keep-trying-to-match-supply-with-falling-demand/

Hapag-Lloyd extends service cancellations

In response to the current critical market conditions, through the effects of the global pandemic leading to changes in demand, Hapag-Lloyd has implemented the following void sailings on the west coast of South America and Mexico services from the Far East:

At the same time, the German carrier has announced the following service changes on the ISC/Middle East – North America services for the upcoming weeks:

The company offers the following alternative routings:

In addition, due to Covid-19 related...

https://container-news.com/hapag-lloyd-extends-service-cancellations/

Hapag-Lloyd increases Pacific rates

Hapag-Lloyd will implement the following general rate increase (GRI) in the eastbound trade from East Asia to all US and Canada destinations as of 1 June 2020 (date of cargo receipt at origin).

This GRI will apply for all dry, reefer, non-operating reefer, tank, flat rack and open-top containers as follows:

East Asia to North America (US and Canada)

  • US$560 per all 20′ container types
  • US$700 per all 40′ container types

East Asia is defined as being the countries/districts of Japan, Republic of...

https://container-news.com/hapag-lloyd-increases-pacific-rates/

Supply chain radar: Hapag-Lloyd up over 300% in a year – not even Netflix does that

“Seen the price of Hapag-Lloyd today?” one source asked towards the end of the trading session on Friday, when the shares of the German carrier traded over €120 apiece.
You read it right: €120. That’s about $24bn in market cap, a near-30% premium against the value of Maersk’s container shipping assets PLUS all the other operations under its umbrella (terminals, logistics, towage and so forth).
“Klaus-Michael Kuehne is a genius” was my …

The post Supply chain radar: Hapag-Lloyd up over 300% in a...

https://theloadstar.com/supply-chain-radar-hapag-lloyd-up-over-300-in-a-year-not-even-netflix-does-that/

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