‘If box carriers lose control of rate levels, then shipping losses could hit $23bn’

Shipper and forwarders planning their container shipment bookings for the third quarter can expect a new wave of blanking announcements over the next two-to-three weeks.
While the second quarter of the year was characterised by a wave of cancelled sailings, there have, so far, been relatively few announced for the third quarter, according to eeSea data.
During July, there are some 235 headhaul sailings scheduled for the Asia-North Europe and transpacific trades, …

The post ‘If box carriers lose...

https://theloadstar.com/if-box-carriers-lose-control-of-rate-levels-then-shipping-losses-could-hit-23bn/

‘No hope’ of bounce-back in demand for container shipping this year

Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.
In his latest assessment of the market, Bimco’s chief analyst, Peter Sand, said the current economic situation “provides no hope for a short-term recovery”.
“The coronavirus pandemic looks set to continue to hammer container shipping demand,” he added.
He said the lower demand that came when China …

The post ‘No hope’ of bounce-back in demand...

https://theloadstar.com/no-bounce-back-in-demand-for-container-shipping-this-year/

Spike in Asia-Europe spot rates as space tightens and rollovers increase

There has been a significant spike in carrier short-term container rate quotes from Asia to North Europe this week, as rollovers become the norm.
According to eeSea data, ocean carriers on the route have withdrawn 28% of their headhaul sailings this month and reports from local agents suggest ships from China are sailing full, resulting in rollovers of non-VIP cargo.
Indeed, a local agent source told The Loadstar MSC had hiked its Shanghai …

The post Spike in Asia-Europe spot rates as space...

https://theloadstar.com/spike-in-asia-europe-spot-rates-as-space-tightens-and-rollovers-increase/

Analysis: Jansen & Skou in ideological battle but Saadé laughs first

The most entertaining side, if there is one at all these days, of this rather dramatic Covid-19 pandemic era?
Well, the container shipping masterminds are on a roll, often disagreeing: on corporate strategy (vertical integration, or the lack thereof); funding requirements (not enough cash is kicking around; or whether too much is up for grabs, if you are based in the East); and, of course, state aid in what is clearly …

The post Analysis: Jansen & Skou in ideological battle but Saadé laughs first...

https://theloadstar.com/analysis-jansen-skou-in-ideological-battle-but-saade-laughs-first/

FTA says Treasury needs to bring forward ‘flexible furloughing’ to this month

The UK’s Freight Transport Association (FTA) has warned that unless the government creates a more flexible furlough scheme sooner, the sector could face a wave of redundancies when the economy begins to recover.
FTA chief executive David Wells said today: “The furloughing scheme has been a lifeline for logistics businesses across the country, many of which have suffered a dramatic loss of all revenue, thanks to the shutdown in a number …

The post FTA says Treasury needs to bring forward...

https://theloadstar.com/fta-says-treasury-needs-to-bring-forward-flexible-furloughing-to-this-month/

Wan Hai stays in the black, but Evergreen and Yang Ming’s red ink raises merger talk

Niche carrier Wan Hai was the only Taiwanese container line to post a net profit in the first quarter of this year as its larger compatriots, Evergreen and Yang Ming, traded in the red.
The parlous position of the liner industry has renewed speculation of a merger of these two into one state-sponsored container line, a development that would be strongly resisted by their individual managements.
Following a $27m loss recorded by …

The post Wan Hai stays in the black, but Evergreen and Yang Ming’s...

https://theloadstar.com/wan-hai-stays-in-the-black-but-evergreen-and-yang-mings-red-ink-raises-merger-talk/

Shipper relief as Australia’s plan for biosecurity levy is scrapped

Australian shippers breathed a sigh of relief today with the scrapping of the controversial plan for a biosecurity import levy.
The department of agriculture said the move followed industry consultation which suggested the levy “could not be implemented without significant regulatory impacts on industry and proposed levy payers.”
It added: “This decision has also been made in consideration of the ongoing impacts of drought, bushfires and Covid-19 on the Australian economy, and …

The post Shipper...

https://theloadstar.com/shipper-relief-as-australias-plan-for-biosecurity-levy-is-scrapped/

Over the hedge: Ups & downs in logistics as in marriage – APMM, Hapag, WTC, Danaos et al

In business and investing like in marriage, there are times when you just do things that are completely detached from rational and objective planning, let alone behaviour.
The involvement of human beings makes it more difficult to maintain mutual respect than if you are just looking at a pretty dry – for some – index or a chart.
And I’d love to tell you that I wholeheartedly believe that the emotional cycle of …

The post Over the hedge: Ups & downs in logistics as in marriage – APMM, Hapag, WTC,...

https://theloadstar.com/over-the-hedge-ups-downs-in-logistics-as-in-marriage-apmm-hapag-wtc-danaos-et-al/

Growing demand for space pushes carriers to reinstate blanked voyages

As demand for container shipping appears set to increase, the top priority for shippers is securing space on vessels and container equipment, according to a new survey of European Shippers’ Council members.
The survey, conducted in conjunction with Drewry Supply Chain Advisors, also found shippers were becoming increasing nervous about the financial position of their transport providers.
Philip Damas, head of the logistics practice at Drewry, said: “These are key factors of carrier and …

The...

https://theloadstar.com/growing-demand-for-space-pushes-carriers-to-reinstate-some-blanked-voyages/

Jonathan Daniels named as new CEO at Port Everglades

Jonathan Daniels is to become the new chief executive and port director at Port Everglades in the US.
His appointment comes as the port is undergoing a $1.6bn expansion project.
Port owner Broward County administrator Bertha Henry said: “The search for a director who could lead our seaport into the future was exhaustive, and I am confident that we made the right choice.”
Expected to begin at his new job on 29 June, Mr …

The post Jonathan Daniels named as new CEO at Port Everglades appeared first...

https://theloadstar.com/jonathan-daniels-named-as-new-ceo-at-port-everglades/