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 …

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OOCL Profits Plummet Amid Soaring Rates & Demand Spike

  • OOCL enjoys rich profits following a demand spike despite pandemic.
  • OOCL’s liftings improved by an above-market 7.3% on 2019 with revenue gaining 18.9% on the year.
  • Tradelanes also record substantial gains and no end in sight to the bull run of container lines.

A strong Q4 2020 operational update from OOCL implies the liner industry’s profitability since the middle of last year, despite the pandemic, reports the Loadstar.

Substantial revenue gains

The liner barometer data released by the Hong...

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 …

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Maersk Essen loses 750 containers, sails for Mexico

It’s happened again. Hundreds of containers carrying goods such as furniture, fitness equipment and electronics have fallen overboard from a California-bound ship.

This time it was the Maersk Essen en route from Xiamen, China, to the Port of Los Angeles last Saturday when, according to the ocean carrier, the container ship experienced a “rough sea encounter.”

The Danish-flagged Essen, with a capacity of 13,100 twenty-foot equivalent units (TEUs), sails on Maersk’s TP6 Asia-U.S. West Coast...

Maersk Box Ship Loses 750 Containers In The Pacific

Maersk Essen enters the port of Los Angeles enroute to APM Terminals Pier 400 Los Angeles, California USA

Maersk Essen, a 13100 TEU container ship, lost about 750 containers in the Pacific on 16th January 2021.

The ship was sailing from Xiamen, China to Los Angeles, California, when the containers have been reported to have fallen because of rough weather.

According to a statement by Maersk, all crew members are safe and a detailed cargo assessment is ongoing while the vessel continues on her journey. The US Coast Guard, flag state and relevant authorities have been notified as well.


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...

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 …

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