SeaIntelligence Consulting

Aggressive carriers ‘biting the hand that feeds them’ as importers shun China

There are growing signs that the sky-high freight prices on the Asia-Europe trades may be beginning to structurally undermine it, as European importers begin to look for alternatives to sourcing from China.
Keith Gaskin, group commercial director of Seko Logistics in the UK, said: “I am seeing importers in the UK and Europe actively telling their merchandisers to look for near-shoring solutions, because the freight rates from Asia have reached such …

The post Aggressive carriers ‘biting the hand...

https://theloadstar.com/aggressive-carriers-biting-the-hand-that-feeds-them-as-importers-shun-china/

Container Scheduled Reliability Has Declined To Its Lowest Levels

Global container service scheduled reliability has declined to its lowest levels since records began, according to new data from SeaIntelligence Consulting, says an article published in the loadstar.

Schedule Reliability Data

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...

https://mfame.guru/container-scheduled-reliability-has-declined-to-its-lowest-levels/

ONE has second quarter of ‘significantly increased’ profit

Ocean Network Express’ announcement that its quarterly profit “significantly increased” could be the understatement of understatements. ONE’s third-quarter after-tax profit skyrocketed by something along the lines of 18,800% — from $5 million in 2019 to $944 million in 2020.

ONE’s fiscal year runs from April 1 to March 31. The Singapore-headquartered ocean carrier, which launched service in April 2018, has been steadily gaining steam, turning the ship around from a fiscal-year loss of $585...

https://www.freightwaves.com/news/one-has-second-quarter-of-significantly-increased-profit

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/

‘Slidings’ replacing blank voyages as ocean carriers stretch transit times

Ocean carriers are looking to extend transit times in a bid to improve schedule reliability and cut costs
They are starting to add more buffer time into schedules to mitigate the impact of chronic global port congestion.
Hapag-Lloyd said today it was adding seven days to the westbound schedule of its AS2 Asia to South America east coast schedule for 13 weeks – one of two loops it operates on the trade …

The post ‘Slidings’ replacing blank voyages as ocean carriers stretch transit times appeared...

https://theloadstar.com/slidings-replacing-blank-voyages-as-ocean-carriers-stretch-transit-times/

Aggressive voyage blanking was a matter of survival, claims Hapag-Lloyd CEO

Hapag-Lloyd CEO Rolf Habben Jansen has defended criticism of the aggressive blanking strategy of ocean carriers at the start of the pandemic, saying that it was “a matter of survival”.
He said he did not expect to see many void sailings in the first quarter of next year, but warned of vessel “slidings” from the impact of port congestion.
“One of the challenges we have today is that we get many more …

The post Aggressive voyage blanking was a matter of survival, claims Hapag-Lloyd CEO appeared...

https://theloadstar.com/aggressive-voyage-blanking-was-a-matter-of-survival-claims-hapag-lloyd-ceo/

Carriers must keep returning empty boxes to avoid shortage going into February

Unless carriers continue to “aggressively” repatriate boxes to Asia, the equipment shortage crisis will last until February according to SeaIntelligence.
Carriers are maximising procurement of new containers, but the impact of new equipment into the supply chain will take some time.
“The market is faced with a stark choice,” said SeaIntelligence chief executive Alan Murphy. “Either carriers pursue the current strategy and there is a possibility of resolving the container shortage during …

The...

https://theloadstar.com/carriers-must-keep-returning-empty-boxes-to-avoid-shortage-going-into-february/

Four ‘industry powerhouses’ join Sea-Intelligence advisory services team

Liner shipping analyst Sea-Intelligence Consulting has strengthened its advisory services team with some household name appointments to its management board.
It announced today that Electrolux former head of logistics Bjorn Vang Jensen (pictured above), Nestlé former head of logistics procurement and global freight Jochen Gutschmidt and ex-P&O Nedlloyd and Maersk container shipping veteran David Macleod had all been named vice presidents of advisory services – global supply chain.
In addition,...

https://theloadstar.com/four-industry-powerhouses-join-sea-intelligence-advisory-services-team/

Chinese New Year will mark the end of container sector’s ‘bull run’

As Christmas nears and shippers and their forwarders across Europe and North America continue to face a widespread shortage of containers, port congestion issues, reduced vessel capacity and soaring prices, the question on everyone’s lips is when the container industry’s current bull run will end.
The answer, according to new analysis by SeaIntelligence CEO Lar Jensen, on behalf of the Baltic Exchange, is most likely to be around February’s Chinese New …

The post Chinese New Year will mark the...

https://theloadstar.com/chinese-new-year-will-mark-the-end-of-container-sectors-bull-run/

Second quarter best since 2010, as container shipping sees $2.7bn profit

The container shipping industry posted a combined profit of $2.7bn in the second quarter of this year – every line publicly reporting financial results being in the black.
According to new research from liner analyst SeaIntelligence Consulting, the positive results were despite every line experiencing declining revenue and year-on-year volumes.
“Looking at the financial performance, the shipping lines have been able to navigate these uncertain times rather well,” said SeaIntelligence Consulting...

https://theloadstar.com/second-quarter-best-since-2010-as-container-shipping-sees-2-7bn-profit/

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