OOCL unveils ‘spectacular’ increases in first-quarter volumes and revenue

The scale of the improvement in the liner industry’s fortunes was laid bare today when OOCL released its first-quarter operational update showing its average revenue per container, across all trades, had increased 58.3%, year on year.
This was accompanied by a 28.3% year-on-year increase in volumes, which led to OOCL posting provisional Q1 21 revenue of $3bn, some 96% higher than its pandemic-afflicted first quarter of 2020.
The Hong Kong-headquartered line had …

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https://theloadstar.com/oocl-unveils-spectacular-increases-in-first-quarter-volumes-and-revenue/

Box lines firmly in control – charging ‘what they like’ on almost every trade

Container freight indices are on the rise again, but even at their highly elevated levels they mask the true cost of shipping.
For example, the Freightos Baltic Index (FBX) North European component jumped by 6% this week, to $7,791 per 40 ft – a huge 450% increase on the rate a year ago, but still unlikely to turn the heads of carriers that can easily fill ships with containers paying double …

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Supply chain radar: The box lines Super League – risking world trade?

(Note to the reader: Mr Hidden Lead, a senior executive from the global logistics community, had something to say this week. Something so strong that it couldn’t possibly pass unnoticed. If you disagree with what follows, we invite you to submit your rebuttal. You can get in touch with Premium here.)
TWELVE global football super powers (well, some more “global” than others) were taught a painful lesson this week, when their pursuit …

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https://theloadstar.com/supply-chain-radar-the-box-lines-super-league-risking-world-trade/

New lockdown and suspension of passenger flights hit Bangladesh exports

A capacity crunch, caused by the suspension of international passenger flights, has increased air freight rates out of Bangladesh by up to 30%, with a particular rise in Dhaka-US lanes.
As the Covid-19 situation worsened, Bangladesh’s government enforced a ‘hard-lockdown’ on 14 April and, since then, all regular passenger flights have been suspended.
About 65% of all air freight out of Bangladesh is carried on on passenger aircraft, according to Kabir Ahmed, president of the …

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https://theloadstar.com/new-lockdown-and-suspension-of-passenger-flights-hits-bangladesh-exports/

Box troubles still hitting forwarders in China and India as prices keep rising

As container prices in China and India continue to surge, local forwarders are “busier than ever” trying to secure space.
Leasing platform Container xChange said there were “few signs” of shortages being resolved, highlighting steep increases in the prices of new and used equipment since last year.
“In China, average prices for used 20ft containers increased 94% between November and March,” the company said.
At $2,028 for a 20ft, Dalian is now the most expensive …

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https://theloadstar.com/box-troubles-still-hitting-forwarders-in-china-and-india-as-prices-keep-rising/

Hopes high for post-Covid resurgence of cruise industry logistics sector

Recently, cruise ships have converged on the Caribbean island of St Vincent, but their passengers are not the customary pleasure-seekers – the vessels were dispatched for the evacuation of locals whose lives are threatened by the eruptions of the La Soufriere volcano.
This was not the restart the cruise lines anticipated, but they are hoping normal business will resume soon.
In the US, the industry has targeted 4 July, reported Maxine Krajniak …

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https://theloadstar.com/hopes-high-for-post-covid-resurgence-of-cruise-industry-logistics-sector/

Carriers ‘scraping the barrel’ for tonnage as charter supply squeeze goes on

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%.
And according to the latest Alphaliner survey, the severe shortage of open tonnage is obliging potential charterers to significantly streamline the assessment process of candidates.
The consultant counted only 56 container vessels, for a capacity of 205,000 teu, as inactive, which …

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https://theloadstar.com/carriers-scraping-the-barrel-for-tonnage-as-charter-supply-squeeze-goes-on/

M&A radar: Base case – DSV Panalpina, the next target of DSV Panalpina

Certain private exchanges ahead of what is arguably a defining week for the staggering stock market tale of DSV Panalpina (DSV PAN) are priceless.
What’s at stake
Play up expectations again when the interims come out next Tuesday, without acting promptly (February 10: this should ring a bell), and shareholder value is at risk.
Try to convince the rest of the T&L world and investors that you know how to play the organic …

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https://theloadstar.com/ma-radar-base-case-dsv-panalpina-the-next-target-of-dsv-panalpina/

More Asia-North Europe loaders could challenge alliances’ route domination

The Suez Canal blockage last month heaped more pressure on the already stretched supply chain, encouraging further entrepreneurial extra loaders from Asia to North Europe.
Alphaliner reports that China United Lines (CULines) is offering two more ad hoc sailings this month following the success of its first sailing in February and a second last month.
CULines has taken on round-trip charters of the Chinese-owned 2009-built 4,395 teu Ren Jian 25, along with …

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https://theloadstar.com/more-asia-north-europe-loaders-could-challenge-alliances-route-domination/

MPs call for assessment of economic impact and prospects of UK freeports

There are concerns over the potential success of the UK government’s freeport policy, after the International Trade Committee called for impact assessments of growth prospects.
Committee chair Angus Brendan announced yesterday that, while the government’s efforts to bolster trade and investment through a series of freeports had been welcomed, there remained serious concerns over their effectiveness.
“Now that government has announced where freeports will be located in England, we are calling on...

https://theloadstar.com/mps-call-for-assessment-of-economic-impact-and-prospects-of-uk-freeports/

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