Shippers and forwarders mull legal bid against alliances to cap soaring rates

The European Commission has said it does not regard the huge container spot rate increases between Asia and Europe as sufficient justification to investigate carriers for an infringement of the Block Exemption Regulation (BER) for consortia.
The European Shippers’ Council (ESC) and European freight forwarder association CLECAT had presented the EC with data relating to the increase in blank sailings, a decrease in reliability “and especially the outrageous price hikes that …

The post Shippers...

https://theloadstar.com/shippers-and-forwarders-mull-legal-bid-against-alliances-to-cap-soaring-rates/

India’s ocean capacity crunch ‘nightmare’ continues – Maersk’s rail solution

As the ocean freight capacity crunch rolls on, Maersk has launched a cross-country rail service in India.
Running over 2,000km, from Kolkata, in the north-east, to Nhava Sheva port in Mumbai, Maersk put on the dedicated train service for one of the country’s largest exporters of iron pipes.
Maersk said using rail allowed it to “overcome the challenges of space availability and connectivity, at a time when exporters were looking for ways …

The post India’s ocean capacity crunch ‘nightmare’...

https://theloadstar.com/indias-ocean-capacity-crunch-nightmare-continues-maersks-rail-solution/

M&A radar: ‘Bill Ackman Logistics’ – shake a tail feather

One sector where Bill Ackman, founder and CEO of New York’s Pershing Square Capital Management, has work left undone is, without doubt, logistics.
For those who know him or at least are slightly familiar with the rise and fall of the activist’s various investment cycles – some luckier and more lucrative than others, for which he was really, really, really sorry – the possibility that he may get involved in supply chain is …

The post M&A radar: ‘Bill Ackman Logistics’ – shake a tail feather...

https://theloadstar.com/ma-radar-bill-ackman-logistics-shake-a-tail-feather/

Most ports more than a year late complying with digital data exchange rules

Only around 30% of ports globally have implemented the mandatory IMO convention for the introduction of electronic information exchange between ships and ports to facilitate clearance processes.
Known as the FAL Convention and signed-off by the IMO and its member states, the legislation came into force in April 2019, with countries given a 12-month implementation window.
Now, nearly a year past the April 2020 deadline, around 70% of ports have not complied, …

The post Most ports more than a year...

https://theloadstar.com/most-ports-more-than-a-year-late-complying-with-digital-data-exchange-rules/

Spot rates ease – but it could be too little, too late for some

Container spot rates have peaked and appear to be declining slightly on the main tradelanes, albeit from record high levels.
But it could be too little and too late to save some businesses.
“Carriers have started to extend rates into mid-February, and prepaid space seems to be available at the Chinese main ports,” said Christoph Baumeister, senior trade manager, Asia-Europe, at Flexport.
Today’s Shanghai Containerised Freight Index (SCFI) recorded the first decrease in …

The post Spot rates ease...

https://theloadstar.com/spot-rates-ease-but-it-could-be-too-little-too-late-for-some/

Carriers face load restrictions after new container spill, from Maersk Essen

There are calls for an urgent review of container lashing practices and stack height restrictions after another box ship lost a huge number of containers in the Pacific Ocean.
The 13,092 teu Maersk Essen, en route from China to Los Angeles, lost approximately 750 containers on Saturday during heavy seas, confirmed the carrier.
Maersk said “all crewmembers are safe and a detailed cargo assessment is ongoing” as the ship continues its voyage.
According …

The post Carriers face load restrictions...

https://theloadstar.com/carriers-face-load-restrictions-after-new-container-spill-from-maersk-essen/

Ocean freight rate volatility ‘unprecedented’ – look out for ripples, warning

The spread between rates on the spot market has reached an “unprecedented” level, with wide-ranging implications for container shippers this year.
Analysing rates from Asia to North Europe during a webinar this week, freight rate benchmarking firm Xeneta showed how the average spot price had jumped some 2,000% over the past five years to $8,300.
However, as in previous years the spread between the lowest and highest short-term rate was around $1,000, …

The post Ocean freight rate volatility...

https://theloadstar.com/ocean-freight-rate-volatility-unprecedented-look-out-for-ripples-warning/

THE Alliance unveils new transatlantic network, with AL1 still suspended

THE Alliance member lines are to continue the indefinite suspension of its transatlantic AL1 loop, according to a network advisory today.
The new transatlantic network, due to begin operating in the second quarter, will see four services continuing.
The AL1 connected the North European ports of Rotterdam, Hamburg, Antwerp and London Gateway with New York, Philadelphia, Norfolk and Halifax.
Meanwhile, there have been several winners and losers among strings that have been reconfigured, …

The post

https://theloadstar.com/the-alliance-unveils-new-transatlantic-network-with-al1-still-suspended/

Maersk Essen loses 750 boxes into the Pacific

Another container ship has spilled up to 750 boxes into the sea, just weeks after the ONE Apus lost some 1,900.
Maersk Essen, on route from Xiamen to Los Angeles, and carrying up to 13,092 TEUs, lost a “very significant number of containers overboard in the Pacific Ocean on 16 January”, according to W K Webster, reportedly during severe weather.
According to FleetMon, up to 100 drifting containers are drifting northwest of Honolulu.
While …

The post Maersk Essen loses 750 boxes into the Pacific...

https://theloadstar.com/maersk-essen-loses-750-boxes-into-the-pacific/

Against the odds: DSV Panalpina – fragile, treat with care

As it keeps building its business organically, according to its CEO’s mantra, DSV Panalpina (DSV PAN) doesn’t fear facing the jury in just over a fortnight on 10 February when its fourth-quarter and annual results are due.
And while some insiders have urged me lately to talk about vertical consolidation, I have speculatively and momentarily wondered if it could cut a deal for troubled Pacific International Lines (PIL)*, hence adding heavy sea …

The post Against the odds: DSV Panalpina – fragile,...

https://theloadstar.com/against-the-odds-dsv-panalpina-fragile-treat-with-care/

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