Inspection reveals ‘inadequate lashing’ and rusty securing points on APL England

The vessel APL England has been detained in Australia over inadequate lashing, after losing 40 containers overboard off the coast of Sydney on Sunday.
After the vessel docked in the port of Brisbane, an inspection by the the Australian Maritime Safety Authority (AMSA) revealed lashing arrangements for cargo were “inadequate” and securing points for containers on the deck were “heavily corroded.”
AMSA general manager of operations Allan Schwartz said: “These findings constitute a …

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https://theloadstar.com/inspection-reveals-inadequate-lashing-and-rusty-securing-points-on-apl-england/

Governments must help stranded seafaring ‘unsung heroes’ get home

The International Maritime Organization (IMO) has called on national governments to recognise seafarers as essential workers, as the number of stranded crews continues to rise.
In a joint statement by the IMO and fellow UN bodies the International Civil Aviation Organization (ICAO) and International Labour Organization (ILO), said that from the middle of June, around 150,000 maritime personnel a month will need to take international flights to either join or disembark …

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https://theloadstar.com/governments-must-help-stranded-seafaring-unsung-heroes-get-home/

Port of Cork wins new transatlantic deepsea call on ICL service

Irish exporters will next month have their first direct deepsea transatlantic service to the US for many years, after niche carrier Independent Container Line (ICL) announced plans to include the port of Cork on its North Europe-US east coast service.
ICL’s weekly transatlantic TAC1 service currently operates four vessels of around 2,400 teu capacity with a port rotation of Philadelphia, Wilmington, Antwerp and Southampton.
The call at Cork will be inserted as …

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‘Aggressive’ blanking brings capacity crunch, cargo rolling and rocketing rates

Container spot rates from Asia to the US soared this week as the aggressive blank sailing programmes of transpacific carriers resulted in a capacity crunch and container rollovers.
The US west coast component of today’s Shanghai Containerized Freight Index (SCFI) leapt 25% to $2,097 per 40ft, 42% higher than the same week of last year and the highest rate recorded for the tradelane for some 18 months.
The SCFI also recorded a …

The post ‘Aggressive’ blanking brings capacity crunch, cargo rolling...

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Market talk: Fiata’s ‘donkeys’ trot off as it enters a new digital field

So Fiata, the (formerly) fuddy-duddy forwarder association, has come up with a ‘new digital strategy’.
Some may say it’s a little late in the day, but credit where it is due…
There are few details as yet, but Fiata said it would involve “several projects to promote a freight-forwarders trusted network, share and distribute standards such as the FBL in a digital world and finally foster interoperability and data analysis”.
Which sounds great. …

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https://theloadstar.com/market-talk-fiatas-donkeys-eye-making-hay-in-a-new-digital-field/

DP World set to enter the blockchain arena as it signs up to Tradelens

DP World has joined the blockchain TradeLens platform, developed by Maersk and IBM.
It has outlined plans to connect its 82 terminals around the world, as well as its feeder companies and logistics divisions.
The Dubai-headquartered company said the data from its integration with TradeLens would improve operational efficiency via earlier visibility of container flows across multiple carriers.
This would include “confirmation of the transport modality that follows the port stay for each …

The...

https://theloadstar.com/dp-world-set-to-enter-the-blockchain-arena-as-it-signs-up-to-tradelens/

Gloomy outlook for MPCC as feeder market collapses and charter rates plunge

Oslo-listed feedership owner MPC Container Ships (MPCC) has posted a net loss of $10.7m for the first quarter and warned investors of its exposure to “significantly reduced charter rates”.
CEO Constantin Baack said that, but for its capital expenditure and off-hire deductions related to scrubber retrofits on ten vessels, Q1 should have seen the shipowner move into the black for the first time since its 2017 formation.
And he said MPCC had been …

The post Gloomy outlook for MPCC as feeder market...

https://theloadstar.com/gloomy-outlook-for-mpcc-as-feeder-market-collapses-and-charter-rates-plunge/

M&A radar: German regulator stirs as Hapag sheds €17bn in a fortnight

You probably remember the nice little chart below posted by Alphaliner last week, where the research house pointed out that Germany’s Hapag-Lloyd was worth as much as several of the world’s ocean container shipping companies combined.
Throw it away.
Oh dear
As I told somebody on the day that chart was published, Hapag had already lost about €6bn of value.
Believe it or not, its stock – at one point earlier this month trading …

The post M&A radar: German regulator stirs as Hapag sheds €17bn in a...

https://theloadstar.com/ma-radar-german-regulator-stirs-as-hapag-sheds-e17bn-in-a-fortnight/

BIFA calls for extension to Brexit deadline – ‘forwarders won’t be ready’

The forwarding industry has called for an extension to the Brexit transition period, saying it has  “great reservations” over whether it can handle the major changes needed.
No extension would be “risky and unwise”, it said.
In a BIFA survey to members, half of the respondents noted they would not have sufficient staff to undertake the additional Customs-related work that will be required from 1 January 2021, while 60% said they would …

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https://theloadstar.com/bifa-calls-for-extension-to-brexit-deadline-forwarders-wont-be-ready/

Zim chief bullish as cost cuts and ‘out-of-the-box’ solutions boost Q1 result

Israeli container shipping line Zim today posted a first-quarter net loss of $11.9m, halving last year’s Q1 $24.3m of red ink.
The company said volumes during the period declined 4.5% year on year to 638,000 teu, but revenue increased 3.4%, to $823.2m, on the back of a 7.1% hike in the average freight rate, to $1,091 per teu.
Chief executive Eli Glickman said: “I’m pleased to report a significant improvement in Zim’s …

The post Zim chief bullish as cost cuts and ‘out-of-the-box’ solutions boost...

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