Sea

Plea for help as Brexit supply chain red tape ‘strangles’ UK fashion industry

The UK fashion industry is warning of “decimation” if the government does not cut post-Brexit supply chain red tape “strangling” 52,000 fashion SMEs trading with the EU.
Despite annually contributing £35bn to the economy, employing almost a million people and recording 11% growth rates, Tamara Cincik, CEO of Fashion Roundtable, claims the industry was ignored in the planning for Brexit.  
“The sector was heavily slanted to voting Remain because of issues …

The post Plea for help as Brexit supply...

https://theloadstar.com/plea-for-help-as-brexit-supply-chain-red-tape-strangles-the-uk-fashion-industry/

Warning to shippers that transpacific contract rates may be overheating

Transpacific shippers preparing to begin annual contract negotiations with container shipping lines have been warned that the market for contract rates could be around 15% overpriced.
According to new analysis from SeaIntelligence Consulting, the normal correlation between the transpacific spot rate market, as measured by the Shanghai Containerised Freight Index (SCFI), and contract rate market, as measured by the China Containerised Freight Index (CCFI), has diverged in recent months.
In...

https://theloadstar.com/warning-to-shippers-that-transpacific-contract-rates-may-be-overheating/

Successful debt restructuring saves PIL from becoming ‘the next Hanjin’

The booming liner sector and a surge in the value of Pacific International Lines’ 73 containerships appears to have been a major factor in the success of yesterday’s debt restructuring plan.
According to vesselsvalue.com, the 73 vessels are now worth $1.4bn – the value of its 21 post-panamax ships alone increased by around $100m last month.
One source with an insight into the restructuring negotiations of the carrier told The Loadstar the strong …

The post Successful debt restructuring saves PIL...

https://theloadstar.com/successful-debt-restructuring-saves-pil-from-becoming-the-next-hanjin/

Fears of renewed international sanctions after military coup in Myanmar

All flights to and from Myanmar have been suspended following the military coup in the country yesterday.
And, according to freight forwarders in Yangon, the city’s international airport will be closed until May – including for cargo.
However, Myanmar’s seaports and cross-border trucking services are reportedly operating normally, although with some delays.
The Myanmar International Freight Forwarders’ Association (MIFFA) told The Loadstar: “Export [air] cargo is now moving land-air via...

https://theloadstar.com/fears-of-renewed-international-sanctions-after-military-coup-in-myanmar/

Conf call redux: CH Robinson mutes analysts

US forwarder CH Robinson had a mixed bag of results in 2020, with Q4 and full-year financials out last week.
The core North American Surface Transportation unit limped to little more than a flat year.
But in Forwarding, Robinson went from strength to strength (our Premium take here).
In the customary post-results conference call between management and the analyst community, the analysts were, in fact, not allowed to speak.
Instead, questions were pre-submitted.
Yawn.
Inevitably, the …

The post Co...

https://theloadstar.com/conf-call-redux-ch-robinson-mutes-analysts/

Containership schedule reliability at lowest level since records began

Global container service scheduled reliability has declined to its lowest levels since records began, according to new data from SeaIntelligence Consulting.
The analyst’s latest schedule reliability data for December shows just 44.6% of vessels arriving on time, “which means that for the fifth consecutive month, global schedule reliability has been the lowest across all months since Sea-Intelligence introduced the benchmark in 2011”.
It said December’s reliability index, which covers global...

https://theloadstar.com/containership-schedule-reliability-at-lowest-level-since-records-began/

Carriers claim ‘sliding’ services will help them recover shattered schedules

More ships are being held at departure ports in Asia for a week or more, as carriers wrestle with the recovery of their shattered schedules.
They have drawn a blank in their attempts to secure additional capacity to mitigate the impact of port congestion, and are warning shippers to expect more sailings to be delayed.
Hapag-Lloyd CEO Rolf Habben Jansen told customers today the carrier’s fleet was “fully deployed and stretched beyond …

The post Carriers claim ‘sliding’ services will help them...

https://theloadstar.com/carriers-claim-sliding-services-will-help-them-recover-shattered-schedules/

RHA calls on government for ‘easement’ as transport struggles with Brexit

The UK government and those describing Brexit-related supply chain troubles as “teething problems”, are facing mounting criticism..
And spokesperson for the Road Haulage Association (RHA) Paul Mummery told The Loadstar the problems would cost businesses money and people their jobs.
“Pushing the line that it’s ‘teething problems’ is to downplay the situation’s severity, and does an injustice to those ‘at the coal face’,” he said.
“Where we are now is a consequence of how …

The post RHA calls on...

https://theloadstar.com/rha-calls-on-government-for-easement-as-transport-struggles-with-brexit/

FMC wants Covid-hit US dockworkers deemed ‘essential’ and vaccinated quickly

Federal Maritime Commissioners Carl Bentzel (pictured above) and Daniel Maffei have written to US president Joe Biden urging his new administration to classify the country’s dockers and maritime workforce as essential workers, and expedite a vaccination programme across the workforce.
Coronavirus cases among UK dockworkers have soared in recent weeks. The letter was delivered as it was revealed that nearly 2,000 US dockworkers have tested positive for Covid-19.
The International Longshoreman’s...

https://theloadstar.com/fmc-wants-covid-hit-us-dockworkers-deemed-essential-and-vaccinated-quickly/

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