Ocean carriers

Car Carriers Wait For ‘The World To Restart’ from COVID-19 Slump

  • Ocean carriers that haul cars around the world have idled nearly a third of fleets.
  • Operators try to withstand a downturn in automotive demand due to COVID-19 lockdown.
  • Operators had two months of literally zero car production, especially in Europe.
  • The production and sales disruption in Europe was bigger than in China.
  • U.S. car sales fell 28.8% year-over-year in May to 1,128,887 units.
  • Global vehicle sales to decline 22% this year, to 70.3 million units.

According to an article published in...

https://mfame.guru/car-carriers-wait-for-the-world-to-restart-from-covid-19-slump/

FMCSA issues intermodal chassis inspection waiver

Regulators are giving intermodal chassis providers a three-month reprieve from required annual inspections for recently expired equipment to help alleviate disruptions caused by COVID-19.

The waiver, issued by the Federal Motor Carrier Safety Administration (FMCSA) on June 1, was granted to the Intermodal Association of North America (IANA) on behalf of ocean carriers, railroads, leasing companies, and motor carriers with chassis registered in IANA’s Global Intermodal Equipment Registry (GIER)....

https://s29755.pcdn.co/news/fmcsa-issues-intermodal-chassis-inspection-waiver

Mega Ships in Trouble Due To Lockdowns and Poor Demand!

  • The megaships that were once profitable have now become a financial albatross during the coronavirus pandemic.

  • The ultra-large ships that have come to dominate container fleets in recent years are sailing half empty due to poor demand from western countries.

  • The present scenario gives the ship owners only a little flexibility to shift vessels around in response to changing markets.
  • This crisis will impact world economic flows and it is necessary to revamp the supply-chain models.

A...

https://mfame.guru/mega-ships-in-trouble-due-to-lockdowns-and-poor-demand/

What Helped Ocean Carriers Average Operating Margin Improve To 3.6% in Q3?

Cheaper fuel prices helped ocean carriers improve their average operating margin to 3.6% in the third quarter, reports The LoadStar.

Q3 lead and loss

This compares with just 0.6% in Q3 last year and is despite a 1.8% decline in freight rates.

According to Alphaliner, the Q3 market leader was Hapag-Lloyd, with an operating margin of 7.8%, followed by Maersk, at 7.3%. 

Dragging down the average for the carriers that publish their results was HMM, with a negative operating margin of -5.7%, extending...

http://mfame.guru/what-helped-ocean-carriers-average-operating-margin-improve-to-3-6-in-q3/

Amidst FAK Rates Increase Hope Carriers Halt Container Erosion Rate

According to a LoadStar article, Asia-North Europe ocean carriers are preparing big increases in FAK rates next month, after squeezing capacity on the route with blanked sailings and a suspended loop.

FAK Rates Advisory

Maersk has advised its customers that from 1 November, its FAK rates from Shanghai to North European ports would rise to $1,100 per 20ft and $2,000 per 40ft.

CMA CGM intends to hike its Asia to North Europe rates to $1,000 per 20ft and $1,900 per 40ft on the same date.

Most of the...

http://mfame.guru/amidst-fak-rates-increase-hope-carriers-halt-container-erosion-rate/

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