As Dover breathes, truck traffic rises and falls – but don’t go on Tuesday

Truck queues at the UK’s major ro-ro port in Dover diminished today, from 282 lorries waiting on the A20 dual-carriageway yesterday to 189 at around 11am.
The Loadstar’s fact-finding mission to Dover has shone a light on the local traffic management system, Dover Traffic Access Protocol, known locally as the Dover TAP, which comes into use periodically.
Although much has been made in the media about the Dover Tap and the queues …

The post As Dover breathes, truck traffic rises and falls – but...

https://theloadstar.com/as-dover-breathes-truck-traffic-rises-and-falls-but-dont-go-on-tuesday/

Large swell in 22-knot wind caused idling Madrid Bridge to roll and lose boxes

New evidence has emerged as to the cause of the container collapse on the ONE-operated Madrid Bridge, which has the dubious distinction of being the first overboard box incident of 2022.
An initial investigation – a copy of which has been passed to The Loadstar – reveals that the vessel had begun idling south of the Azores, in the mid-Atlantic, on 2 January to delay its arrival at the port of New …

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https://theloadstar.com/large-swell-in-22-knot-wind-caused-idling-madrid-bridge-to-roll-and-lose-boxes/

Port of Saint John on a roll, thanks to potash and beefed-up rail services

Potash has been a tremendous fuel for growth at the Canadian port of Saint John; the New Brunswick port clocked up 11% higher tonnage last year than in 2020.
But its dry bulk traffic was on fire, surging a whopping 123%, with potash the main driver for this, more than doubling, from 619,203 tonnes in 2020 to 1,653,750 tonnes.
Dry bulk may have been the star performer, but most eyes have been …

The post Port of Saint John on a roll, thanks to potash and beefed-up rail services appeared first on Th...

https://theloadstar.com/port-of-saint-john-on-a-roll-thanks-to-potash-and-beefed-up-rail-services/

Geodis to reward managers who drive its global gender diversity aims

Promotion of gender parity will be reflected in Geodis’s bonus structure, as it looks set to reach its target of at least 25% women in management positions by 2023.
Top managers who work to promote women will be rewarded financially, said CEO Marie-Christine Lombard (pictured), noting that women are already represented on all the company’s regional management committees.
“We now want to go further,” she added.
The new Environment, Social & Governance (ESG) …

The post Geodis to reward managers...

https://theloadstar.com/geodis-to-reward-managers-who-drive-its-global-gender-diversity-aims/

OOCL ‘supercharged’ record final-quarter earnings tempered by falling volumes

Huge increases in freight rates last year are likely to lead to container carriers reporting record fourth-quarter earnings, despite carrying fewer volumes than in Q4 20.
This morning, Cosco-owned OOCL released its fourth-quarter operational update that reported volumes across its four main trades declined by 16.9% to 1.85m teu, compared with Q4 20’s 2.23m.
The financial performance, however, was markedly different, with total revenues more than doubling, from $2.4bn in the fourth …

The post OOCL...

https://theloadstar.com/oocl-supercharged-record-final-quarter-earnings-tempered-by-falling-volumes/

New York nudges biggest US container port title as west coast imports flatline

Having already outstripped Long Beach as a bigger US import container hub, the port of New York & New Jersey is close to usurping Los Angeles at the top of the rankings.
The reason is the accelerating coastal shift of imports from west to east.
According to the latest data compiled by Blue Alpha Capital,  NY&NJ saw imports jump 15% year on year in December, to 411,924 teu, while at Los Angeles …

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https://theloadstar.com/new-york-nudges-biggest-us-container-port-title-as-west-coast-imports-flatline/

Heppner strengthens its European network and diversifies its expertise with the acquisition of Safram

PRESS RELEASE
Heppner announces the acquisition of the Swiss Group SAFRAM, with operations in Switzerland, France, Germany, the United Kingdom and Hungary. This acquisition forms part of Heppner’s international growth and business diversification strategy, now with the integration of expertise in dangerous goods transport and logistics. 
The overall goal is to strengthen the European territorial network, perceived as a vector of new economic dynamics
After the acquisition of Hamacher Logistik...

https://theloadstar.com/heppner-strengthens-its-european-network-and-diversifies-its-expertise-with-the-acquisition-of-safram/

Belgium subsidises barges in bid to shift freight from road to inland waterways

Efforts to improve inland services at Antwerp, North Sea Port and Zeebrugge stepped up this week, with the Flemish government injecting €12.5m ($14.18m) of financial support.
The Loadstar understands that the grants are part of a four-year plan, to be topped up by the gateways to €14.3m, to subsidise projects intended to increase the share of volumes moving by barge and to disincentivise road movements.
A source told The Loadstar: “While €14.3m …

The post Belgium subsidises barges in bid to...

https://theloadstar.com/belgium-subsidises-barges-in-bid-to-shift-freight-from-road-to-inland-waterways/

Forwarders have to turn away large new customers thanks to capacity squeeze

Some mid-size forwarders are rejecting new larger customers, having been forced to adapt their business model to accommodate the contract ban from Maersk and the reluctance of other shipping lines to offer much capacity.
Maersk’s move to restrict them to its Spot product only is said to have left some “4m teu looking for a new home”, according to one source.
One medium-size forwarder said it was forced to adapt quickly to …

The post Forwarders have to turn away large new customers thanks to...

https://theloadstar.com/forwarders-have-to-turn-away-large-new-customers-thanks-to-capacity-squeeze/

Snapshot: DSV – the ‘M&A value’ evaporates

Value, what value?
As if the week didn’t already get off on the wrong foot for DSV shareholders, with another weekly buyback announcement highlighting the trouble that purchasing stock when the market moves against you can turn out to be…
… there was mild encouragement from the average transaction price sourced from Tab.1 above on Monday: at Dkr1,476 a share, it was (almost perfectly) bang in the middle of the Dkr1,350-1,550 support-resistance …

The post Snapshot: DSV – the ‘M&A value’ evaporates

https://theloadstar.com/snapshot-dsv-the-ma-value-evaporates/

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