tonnage

Improved Cumberland, Maryland, yard helps CSX reduce train starts

NEW YORK — CSX is moving more tonnage on fewer trains this year as part of a significant reduction in the number of road train starts.

The 10% decline in coal volume this year has contributed to the reduction, Chief Financial Officer Sean Pelkey told an investor conference Tuesday. “But there’s a significant amount of reengineering of the network,” he said. “The Cumberland Yard … has been a big driver of that.”

CSX has completed a reconfiguration of the yard in Cumberland, Maryland, that nearly...

https://www.freightwaves.com/news/improved-cumberland-maryland-yard-helps-csx-reduce-train-starts

Singapore Registry of Ships crosses 100 million GT mark as AET names LNG dual-fuel VLCC

With the launch of AET’s Singapore-flagged very large crude carrier (VLCC) Eagle Veracruz, the Singapore Registry of Ships (SRS) has crossed the 100 million gross tonnage milestone.

The post Singapore Registry of Ships crosses 100 million GT mark as AET names LNG dual-fuel VLCC appeared first on Off...

https://www.offshore-energy.biz/singapore-registry-of-ships-crosses-100-million-gt-mark-as-aet-names-lng-dual-fuel-vlcc/

FedEx Freight prunes 1,400 customers to protect service levels

A FedEx truck with a double-trailer moves along a desert highway.

FedEx Freight is immediately cutting service to about 1,400 less-than-truckload customers, affecting thousands of locations, in an effort to reduce terminal bottlenecks and shipping delays as unprecedented amounts of tonnage pour into the sector. 

The heavy trucking division of FedEx Corp. (NYSE: FDX) began notifying select manufacturers, retailers and logistics companies on Friday that it will stop picking up their goods as of Monday, leaving them virtually no time to make alternative shipping...

https://www.freightwaves.com/news/fedex-freight-prunes-1400-customers-to-protect-service-levels

Carriers Grow Desperate As Containership Percentage Falls To 0.8%

Carriers are “scraping the bottom of the barrel” for available tonnage, as the percentage of the global containership fleet commercially idle and not in dry dock has fallen to just 0.8%, reports The Loadstar.

Shortage of tonnage

And according to the latest Alphaliner survey, the severe shortage of open tonnage is obliging potential charterers to significantly streamline the assessment process of candidates.

The consultant counted only 56 container vessels, for a capacity of 205,000 teu, as...

https://mfame.guru/carriers-grow-desperate-as-containership-percentage-falls-to-0-8/

Forwarders Urge EC To Intervene As Carriers Avoid Congested UK Ports

According to a Loadstar report, as carriers continue to leave import containers stranded at North European ports and charge exporters more than $5,000 to ship a box to Asia, the pressure is growing for regulatory intervention. 

And UK importers today face major challenges from the decision by Ocean Alliance members to divert five more vessels from Felixstowe to Zeebrugge in December.

Carriers Diverting from UK Ports

An advisory on Friday told UK customers that the Cosco Shipping Azalea, Ever...

https://mfame.guru/forwarders-urge-ec-to-intervene-as-carriers-avoid-congested-uk-ports/

1% Cargo Increase in 2020 As Lockdown Effects Panama Transit

According to a Safety4Sea report, cargo traffic via the Panama Canal increased by a less than expected 1% during this year, as the coronavirus pandemic affected global trade.

  • According to the news agency, Xinhua, Panama Canal closed fiscal year 2020 with 475.1 million tons of cargo transit, up 1% in comparison to the cargo volume of the previous fiscal year.
  • What is more, Panama Canal Authority (ACP) marked a 4% drop in tonnage compared to projections, and a 2% reduction in transits to add...

https://mfame.guru/1-cargo-increase-in-2020-as-lockdown-effects-panama-transit/

HMM’s Idle Tonnage Hits A New High Due To Global Inactivity

  • One-third of HMM’s container fleet is currently idled.
  • It is scheduled to receive some 400,000 teu of newbuild tonnage over the next 12 months.
  • The global idle containership fleet reached an all-time high of 551 vessels.
  • HMM’s 32.9% of inactive capacity is followed by PIL’s 26.9%.
  • Yang Ming’s 14.5% of idled ships in their fleets.
  • CMA CGM only has 2.3% of its fleet inactive.
  • Maersk, MSC, and Cosco have 9.5%, 12.9%, and 5.5%, respectively, idled.

According to an article published in The...

https://mfame.guru/hmms-idle-tonnage-hits-a-new-high-due-to-global-inactivity/

+ More