Loadstar posts

Maersk pledges to ‘welcome’ forwarders onto TradeLens digital platform

Maersk has responded to a call by forwarders to share efforts to standardise digitisation through its TradeLens platform, saying it is “cultivating diverse membership” and welcomes all-comers.
This month, former DSV executive Steve Walker warned that the forwarding industry was at risk of losing out as shipping lines look to take control of data. 
“Maersk announced it wants half its earnings to come from inland logistics; a bold statement without reassuring words for their customer base of...

https://theloadstar.com/maersk-pledges-to-welcome-forwarders-onto-tradelens-digital-platform/

Fesco and RZD launch joint Korea-Europe service via Trans-Siberian Railway

Russian container shipping line Fesco and state rail operator RZD have launched a service to ship boxes from Korea to Europe via the Trans-Siberian Railway.
The two companies said the launch followed a trial shipment last month from the South Korean container hub of Pusan to the Polish rail terminal at Brzeg Dolny.
The shipment moved on a Fesco vessel to its terminal at Russia’s pacific port of Vladivostok and then by …

The post Fesco and RZD launch joint Korea-Europe service via Trans-Siberian...

https://theloadstar.com/fesco-and-rzd-launch-joint-korea-europe-service-via-trans-siberian-railway/

OOCL results signal healthier-than-expected first half for box trades

Cosco’s subsidiary ocean carrier, OOCL, increased its liftings by 3.2% in the first six months of the year, compared with the same period in 2018, to 3,374,412 teu with revenue up 6.5% to just over $3bn.
The carrier said that during the period, capacity increased by 4.3% and average revenue per teu was up 3.3%, although its overall load factor per vessel slipped marginally, by 0.9%.
OOCL’s quarterly operational updates are a …

The post OOCL results signal healthier-than-expected first half for...

https://theloadstar.com/oocl-results-signal-healthier-than-expected-first-half-for-box-trades/

Market Insight: The next vertical push by CMA CGM, MSC and… K+N

It could well be the calm before the storm in my M&A world in what traditionally is the time of the year during which deal preparations, rather than deals themselves, are made.
As part of several conversations about the latest market talk concerning the major carriers – even the secretive Mediterranean Shipping Company (MSC) warranted a mention – and the world’s largest ocean freight forwarder, Kuehne + Nagel, my contacts were …

The post Market Insight: The next vertical push by CMA CGM, MSC...

https://theloadstar.com/market-insight-the-next-vertical-push-by-cma-cgm-msc-and-kn/

Peak season capacity cuts hit home as Asia-Europe spot rates edge back up

After weeks of erosion, Asia-North Europe container spot rates appear to have responded to peak season capacity cuts and are edging back up. 
The North Europe component of today’s Shanghai Containerized Freight Index (SCFI) recorded a 12.2% increase in rates to $754 per teu, while rates for Mediterranean ports were up by a more modest 3.3%, to $718 per teu. 
Asia-North Europe ocean carriers serving the route have withdrawn some 150,000 teu of capacity this month …

The post Peak season capacity...

https://theloadstar.com/peak-season-capacity-cuts-hit-home-as-asia-europe-spot-rates-edge-back-up/

Container traffic the star performer for Rotterdam and Antwerp in H1

Container volumes powered Port of Rotterdam to a strong first-half finish, with a 6.4% upturn in container volumes driving throughput up 3.4%.
However, chief executive Allard Castelein predicts dark clouds ahead and expects a slowdown over the remainder of the year.
“In the macroeconomic field, relations between the world’s major trading blocs remain strained,” he said.
“There is also uncertainty about the introduction of trade tariffs post-Brexit and both developments are rendering the …

The...

https://theloadstar.com/container-traffic-the-star-performer-for-rotterdam-and-antwerp-in-h1/

More trade war tariffs could mean ‘double-digit’ import declines at US poprts

Import container throughput at the 10 largest US ports fell 3.3% in June, year on year, to 1.7m teu, according to the latest data from Blue Alpha Capital
“The impact of tariffs is becoming apparent and, absent any changes, the effect will become more pronounced,” said the consultancy’s founder and author of the report, John D McCown.
“The containers arriving in June were loaded in China after the 25 February decision to …

The post More trade war tariffs could mean ‘double-digit’ import declines...

https://theloadstar.com/more-trade-war-tariffs-could-mean-us-ports-seeing-double-digit-import-declines/

Metro Shipping puts staff development on the freight front line

Metro Shipping has completed the first phase of a new staff development programme, aimed at “raising the knowledge and experience of staff in understanding how their partner organisations work”.   
The Partnership Development Programme looks to take staff from one contributing supply chain partner and show them what it’s like to be ‘on the other side’, and experience first-hand what their industry colleagues have to do to keep the freight moving. 
It will also provide an opportunity for staff...

https://theloadstar.com/metro-shipping-puts-staff-development-on-the-freight-front-line/

CMA CGM pulls another Asia-North Europe sailing as demand weakens further

CMA CGM has advised its customers that it will withdraw a further peak season headhaul Asia-North Europe voyage as demand continues to disappoint on the key tradelane.
In an advisory yesterday, the French carrier said it was voiding the sailing of its 13,892 teu APL Singapura, which was due to depart from Tianjin on 15 August and Shanghai on 24 August, “due to fluctuations between supply and demand” on the route.
The …

The post CMA CGM pulls another Asia-North Europe sailing as demand weakens...

https://theloadstar.com/cma-cgm-pulls-another-asia-north-europe-sailing-as-demand-weakens-further/

Opposition to EU-Mercosur trade deal sees logistics plans stay on drawing boards

The European Union and the Mercosur trade pact have come a long way: after 20 years of talks, the two sides have finally agreed to phase out tariffs on most goods over the next 10 years.
The trade agreement was announced on June 28, the culmination of negotiations that stretched back as far as the days of the dot-com boom.
It opens the door for many exporters on both sides of the …

The post Opposition to EU-Mercosur trade deal sees logistics plans stay on drawing boards appeared first on The...

https://theloadstar.com/opposition-to-eu-mercosur-trade-deal-sees-logistics-plans-stay-on-drawing-boards/

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