Lockdown

Idled Containership Capacity Set To Reach a Record High of 3m teu

  • Inactive containership fleet will breach the 3m teu mark for the first time making 13% of the entire global box fleet will be out of work.
  • The inactive containership fleet dropped last month having hit a record of 2.46m teu at the start of March.
  • Forward bookings from Asia to North Europe down by over 50%, and it could even be worse than that.
  • Ocean rates kept stable, with China-US West Coast rates even climbing by 5% to $1,604.
  • Sea-Intelligence warned that a failure to prevent a simultaneous...

http://mfame.guru/idled-containership-capacity-set-to-reach-a-record-high-of-3m-teu/

Ocean Cargo Passing Through Coronavirus Fallout! Journey To Continue?

  • Containerized-goods supply shock and bulk-commodity demand shock shown up both centered in China and driven by temporary closures.
  • Containerized-goods demand shock centered in developed Western nations, driven by social distancing and quarantines. 
  • Crew change, crew infections, port restrictions and canal transit are some of the risks faced currently.
  • Shipping groups urged that countries designate ship crew as “key workers” and grant them exemptions from travel restrictions.

Ocean shipping...

http://mfame.guru/ocean-cargo-passing-through-coronavirus-fallout-journey-to-continue/

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