Shipping Lines

Container shipping service levels dropping as costs and rates rise

Container shipping costs and service levels are at risk of spiralling out of control, according to Drewry.
As well as a massive withdrawal of capacity since the start of the Covid-19 crisis – 468 blanked departures on east-west trades – the analyst said schedule reliability had been “extremely low”.
“In the first half of the year, fewer than two out of three vessels arrived within 24-hours of their ETA,” said Philip Damas, …

The post Container shipping service levels dropping as costs and rates...

https://theloadstar.com/container-shipping-service-levels-dropping-as-costs-and-rates-rise/

Economic Slow Down Forces Ocean Carriers To Tighten Credit Terms

  • Ocean carriers are tightening up their credit terms with thousands of smaller NVOCCs [non-vessel-owning common carriers].
  • This is due to mounting fears that many could go bust due to Covid-19.
  • Since the banning of shipping conferences, when credit indiscipline was considered an internal fineable breach of the terms of the rate-setting cartels.
  •  Many carriers have granted generous credit facilities as an incentive to attract customers.

A recently reported article in the Loadstar reveals about...

https://mfame.guru/economic-slow-down-forces-ocean-carriers-to-tighten-credit-terms/

137 Sakura Kuma, Executive Director of YKIP, Yokohama-Kawasaki International Port Corporation

Listen to Sakura Kuma who has a holistic view of the port. She has worked as a terminal operator, business developer, landlord, port investments and she thinks that being able to walk in someone else’s shoes makes you more understanding of different perspectives. Sakura works with marketing & sales right now but her mind is geared towards CSR and how to become a responsible port contributing to the future development of the maritime industry.

Sakura gives tips on a book to read now called Upheav...

https://shippingpodcast.com/137-sakura-kuma-executive-director-of-ykip-yokohama-kawasaki-international-port-corporation/

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