Manila terminal chief pleads with owners to collect cargo as reefers pile up

The Philippines gateway of Manila has emerged as a new hot spot of reefer container congestion, as carriers stop unloading at the port.
In a message to customers, MSC said that there were now no available reefer plugs at the port as haulage collections of import containers had hampered by a city-wide lockdown set to run until mid-April at the earliest.
The port’s two container terminal operators are ICTSI and Asian Terminals, …

The post Manila terminal chief pleads with owners to collect cargo...

https://theloadstar.com/manila-terminal-chief-pleads-with-owners-to-collect-cargo-as-reefers-pile-up/

Kerry Logistics profits rise, despite ‘a challenging and turbulent year’

Kerry Logistics is “reserving its strengths and getting prepared to play a more vital role in supporting our customers to move well ahead of the aftermath [of Covid-19]”, it said, as it announced its 2019 results.
“2019 was a challenging and turbulent year,” said chairman Kuok Khoon Hua, as the Asian forwarder reported revenue up 8% to HK41bn ($5.3bn), with core operating profit up 17% to HK$2.7bn. Net profit rose 4% …

The post Kerry Logistics profits rise, despite ‘a challenging and turbulent...

https://theloadstar.com/kerry-logistics-profits-rise-despite-a-challenging-and-turbulent-year/

Congestion looms at US ports as shops and factories close and imports pile up

The repercussions of Covid-19 have begun to hit US imports.
As retail outlets, as well as many manufacturing operations, in North America are shuttered, anticipation of a surge of imports to compensate for China’s extended lunar new year hiatus are quickly disappearing.
Instead, as more containers arrive, there are concerns about mounting storage costs.
US importers have not wasted time in shifting gear – having tried to speed-up deliveries from China a few …

The post Congestion looms at US...

https://theloadstar.com/congestion-looms-at-us-ports-as-shops-and-factories-close-and-imports-pile-up/

EXCLUSIVE Market Insight: Happy Birthday DSV Panalpina – Kuehner out, three other key managers let go

“Imagination is more important than knowledge. For knowledge is limited, whereas imagination embraces the entire world, stimulating progress, giving birth to evolution.” – Albert Einstein.
Imagine you work for a major Danish company in the midst of the Covid-19 crisis.
Your management team have gone through a round of hefty staff cuts already, unrelated to the global health crisis but intimately tied to previous deal-making, and mainly concerning the target’s cost base.
The …

The post EXCLUSIVE...

https://theloadstar.com/exclusive-market-insight-happy-birthday-dsv-panalpina-kuehner-out-three-other-key-managers-let-go/

More anger in Australia as DP World announces higher terminal access fees

DP World Australia (DPW) is to increase terminal access fees for import containers from May, prompting fierce criticism from transport operators already “bleeding” from the coronavirus crisis.
Sometimes referred to as port infrastructure surcharges, DPW has announced increases at its Brisbane, Melbourne and Sydney terminals, bringing them in line with those set by rival Patrick Terminals this month.
In Melbourne, for example, Patrick’s import container fee is A$125.80 (US$76.63), and from 1 …

The...

https://theloadstar.com/more-anger-in-australia-as-dp-world-announces-higher-terminal-access-fees/

Bangladesh in lockdown as virus halts business and threatens the economy

Bangladesh’s key seaport, Chittagong, is facing heavy congestion in its yard as a government-decreed national holiday restricts the flow of goods.
The government has declared a 10-day general holiday between 26 March and 4 April, barred people from going outside from home and halted all types of commercial activities except emergency services.
Chittagong is continuing operations amid the virtual lockdown in an attempt to avoid vessel congestion and the creation of a …

The post Bangladesh in...

https://theloadstar.com/bangladesh-in-lockdown-as-virus-halts-business-and-threatens-the-economy/

Market Insight: Three-card monte in logistics – expect casualties, Toll & Flexport most exposed

A seventeen-year-old boy with plenty of hope and just enough money in my pocket to survive a week in Paris, the first place I visited in the French capital in the early 90s was the Les Puces de Saint-Ouen flea market.
Only mildly attracted to all sorts of goods on sale, my attention was immediately grabbed by a small crowd gathering, where a gentleman offered me, and anybody else, the opportunity to …

The post Market Insight: Three-card monte in logistics – expect casualties, Toll & Flexport...

https://theloadstar.com/market-insight-three-card-monte-in-logistics-expect-casualties-toll-flexport-most-exposed/

P&O Ferries lays off 1,100 staff as its passenger ferries go freight-only

UK transport unions have called on the government to offer financial support for the sector after P&O Ferries temporarily laid off around 1,100 workers last week.
The company said it was closing passenger services between the UK, Ireland and continental Europe and converting them to freight-only.
The staff would be “furloughed” into the government’s pay scheme whereby they will continue to receive 80% of their salary.
However, their union, the GMB, warned that …

The post P&O Ferries lays off...

https://theloadstar.com/po-ferries-lays-off-1100-staff-as-its-passenger-ferries-go-freight-only/

Kerry Logistics donates services to help TRTL deliver support socks to health professionals

Hong Kong, Friday 27th March 2020: Kerry Logistics Network Limited (‘Kerry Logistics’; Stock Code 0636.HK) has donated its services to deliver 5,000 pairs of compression socks, given by Glasgow-based online travel retailer Trtl (pronounced turtle), to frontline health professionals across Scotland.
Kerry Logistics distributed the socks to National Health Service (NHS) hospitals in Glasgow, Aberdeen, Edinburgh, and Dundee last week, with 5000 more planned for delivery in London in the next seven...

https://theloadstar.com/kerry-logistics-donates-services-to-help-trtl-deliver-support-socks-to-health-professionals/

Ceva declares force majeure

Due to Coronavirus (COVID-19) pandemic, CEVA Logistics has been forced to declare Force Majeure.
This means that it is temporarily relieved of its normal contractual obligations where these are rendered impossible or impracticable, due to the Coronavirus epidemic and its effects.
Having declared Force Majeure, CEVA Logistics reserves the right to modify all or part of its services, to change its working procedures and any previously agreed rates and prices, to levy …

The post Ceva declares force...

https://theloadstar.com/ceva-declares-force-majeure/

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