Cancelled Sailings Tracker – A Snapshot Of Blank Sailings

A recently published Drewry news report talks about the snapshot of blank sailings announced by each Alliance.

Cancelled Sailings Tracker 

Our weekly Cancelled Sailings Tracker provides a snapshot of blank sailings announced by each Alliance versus the total number of scheduled sailings.

Further to the snapshot below, you may be interested in an annual subscription to our Container Capacity Weekly Insight which provides detailed assessments and analysis by main trade and alliance. Weekly reports...

https://mfame.guru/cancelled-sailings-tracker-a-snapshot-of-blank-sailings/

Carrier ‘gravy train’ steams ahead, thanks to congestion and new contracts

Despite a weakening in demand, ocean carriers will bank another $200bn of profit between them this year.
In its latest Container Forecaster report, maritime consultant Drewry said it was downgrading its 2022 outlook for world port throughput to 4.6%, from its previous assessment of 5.2%.
This is due to “fast-rising inflation” and ongoing supply chain bottlenecks which, it said, were “conspiring to slow the pace of growth”.
Nonetheless, Drewry says it expects the …

The post Carrier ‘gravy train’...

https://theloadstar.com/carrier-gravy-train-steams-ahead-thanks-to-congestion-and-new-contracts/

OOCL unveils ‘spectacular’ increases in first-quarter volumes and revenue

The scale of the improvement in the liner industry’s fortunes was laid bare today when OOCL released its first-quarter operational update showing its average revenue per container, across all trades, had increased 58.3%, year on year.
This was accompanied by a 28.3% year-on-year increase in volumes, which led to OOCL posting provisional Q1 21 revenue of $3bn, some 96% higher than its pandemic-afflicted first quarter of 2020.
The Hong Kong-headquartered line had …

The post OOCL unveils...

https://theloadstar.com/oocl-unveils-spectacular-increases-in-first-quarter-volumes-and-revenue/

Shipping rates rocketing again, with contract talks ‘a game of musical chairs’

Container spot rates are beginning to head upwards again across all trades from already elevated levels, as carriers reduce their commitment to contract volumes in favour of much higher FAK rates.
The Freightos Baltic Index (FBX) China-North Europe component edged up to $7,316 per 40ft this week, and market reports to The Loadstar suggest rates on the route are set to soar again next week, returning to their mid-February peak of …

The post Shipping rates rocketing again, with contract talks ‘a...

https://theloadstar.com/shipping-rates-rocketing-again-with-contract-talks-a-game-of-musical-chairs/

Shippers brace for fresh price hikes in the ‘new normal’ for ocean freight

Shippers are bracing themselves for a fresh onslaught of freight rate hikes and peak season surcharges (PSS) from April, as ocean carriers reinforce their supply chain dominance across tradelanes.
Carriers have begun to focus on the traditionally low-revenue backhaul routes in order to restore rates to levels that will incentivise them to make equipment available for cargo shipments, rather than using the default option of deadheading empty containers back to Asia.
For …

The post Shippers brace...

https://theloadstar.com/shippers-brace-for-new-price-hikes-in-the-new-normal-for-ocean-freight/

Rates hold steady despite softer demand, with carriers firm on contract prices

Container spot rates from Asia to Europe remained virtually unchanged this week, despite softer demand, assisting carriers to lock-in shippers with huge contract rate hikes.
On the transpacific, there was no let up in demand and BCOs are struggling to secure new deals with carriers.
According to the Asia to North Europe component of the Freightos Baltic Index (FBX), the rate for a 40ft edged down slightly, to $7,947, from $8,004 a …

The post Rates hold steady despite softer demand, with carriers...

https://theloadstar.com/rates-hold-steady-despite-softer-demand-with-carriers-firm-on-contract-prices/

Now 2M cuts delay-hit port of Liverpool from calls on transatlantic loop

The UK port of Liverpool will see calls by the 2M transatlantic loop it won from Felixstowe at the end of last year suspended until mid-May, as Maersk and MSC grapple to improve schedule reliability.
The 2M alliance said that, as a result of bad weather in the North Atlantic compounded by port congestion, it will temporarily suspend the Liverpool and New York calls of its TA2/NEUATL2 transatlantic loop for six …

The post Now 2M cuts delay-hit port of Liverpool from calls on transatlantic loop...

https://theloadstar.com/now-2m-cuts-delay-hit-port-of-liverpool-from-calls-on-transatlantic-loop/

More blank sailings ‘a harbinger’ of soaring rates on the transatlantic

Container spot rates on the transatlantic headhaul North Europe to North America east coast tradelane have recovered to pre-pandemic levels, but have so far not seen the hyper-inflation impacting other routes.
According to Friday’s Freightos Baltic Index (FBX) reading, the price for a 40ft container on the route stood at $2,026, which is on par with the rate in April last year and compares with a low of $1,622 in September.
But …

The post More blank sailings ‘a harbinger’ of soaring rates on the...

https://theloadstar.com/more-blank-sailings-a-harbinger-of-soaring-rates-on-the-transatlantic/

THE Alliance unveils new transatlantic network, with AL1 still suspended

THE Alliance member lines are to continue the indefinite suspension of its transatlantic AL1 loop, according to a network advisory today.
The new transatlantic network, due to begin operating in the second quarter, will see four services continuing.
The AL1 connected the North European ports of Rotterdam, Hamburg, Antwerp and London Gateway with New York, Philadelphia, Norfolk and Halifax.
Meanwhile, there have been several winners and losers among strings that have been reconfigured, …

The post

https://theloadstar.com/the-alliance-unveils-new-transatlantic-network-with-al1-still-suspended/

OOCL profits are surfing the wave of soaring rates and demand

A very strong fourth-quarter 2020 operational update from OOCL is an indicator of the rich vein of profitability enjoyed by the liner industry since the middle of last year, despite the pandemic.
The liner barometer data released by the Hong Kong-based carrier’s parent, OOIL, reported Q4 revenue up a substantial 51.2% on the same quarter of the previous year, to $2.42bn.
Total liftings across OOCL’s four regions increased 23.7%, to 2,225,642 teu, …

The post OOCL profits are surfing the wave of...

https://theloadstar.com/oocl-profits-are-surfing-the-wave-of-soaring-rates-and-demand/

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