Worldwide Logistics

Breakdown in trust leaves shippers outraged at vessel operators

Beneficial cargo owners believe that there has been an erosion of trust between service provider and customer that has left shippers shocked and angered at the failure of lines to accommodate their customers during this period of the pandemic.

European Shippers’ Council (ESC) members believe that the European authorities should be concerned about the poor service provided by the carriers who are geared to earn profits without providing a service that is fit for purpose.

“Our suggestion to the...

https://container-news.com/breakdown-in-trust-leaves-shippers-outraged-at-vessel-operators/

Shippers allege lines are refusing to carry US export cargo

The Federal Maritime Commission (FMC) says it has received a number of allegations regarding the failure of container ship operators to pick up full cargo containers ready for export to China.

According to the FMC commissioner Carl Bentzel the regulator “is monitoring the situation,” with lines required to meet common carrier obligations. Under US law a common carrier must provide its services to anyone willing to pay its fees unless there are good grounds for refusal.

Under these legal...

https://container-news.com/shippers-allege-lines-are-refusing-to-carry-us-export-cargo/

Only slowing demand will sort Asian container backlog

Ports on both sides of the Pacific will not see relief from the congestion that is currently blighting the facilities until there is a slow-down in trade volumes, according to the forwarder Worldwide Logistics.

Asian ports are running out of space and equipment as a backlog of cargo, some two-three weeks long is blighting the ports in China and Southeast Asia, with Jon Monroe from Worldwide saying that the ports are “Too far behind” to catch up until demand for cargo falls.

“I have heard of...

https://container-news.com/only-slowing-demand-will-sort-asian-container-backlog/

India’s container crisis could last a further three months, say forwarders

India’s container shortage could last another three months, as congestion hits Colombo and shippers call for tighter regulation of freight rates.
Worldwide Logistics (India) said the acute space problem over the past few weeks was the result of increased demand, reduced imports and port rotation issues.
“Vessels which were idling during the corona-lockdown were re-routed to more profitable trades on the transpacific, leading to supply and demand gaps for major intra-Asia trading …

The post India’...

https://theloadstar.com/indias-container-crisis-could-last-a-further-three-months-say-forwarders/

Wan Hai wades into Pacific demand speculation as rates stay high

Wan Hai Lines president Tommy Hsieh expects Transpacific freight rates to remain high until at least the end of this year, even as container carriers are being urged to deploy more vessels amid the traditional peak season.

Commenting on rising Transpacific freight rates, which have become a concern raised by China’s Ministry of Transport and the US Federal Maritime Commission, Hsieh believes, “Although carriers can add more capacity to the US market, container availability remains tight. So even...

https://container-news.com/wan-hai-wades-into-pacific-demand-speculation-as-rates-stay-high/

Container shortages and increasing rates add to shipper woes

Soaring Asia to US rates are expected to climb higher next week as vessel operators impose yet another general rate increase (GRI) on 15 September with container shortages compounding shippers’ difficulties even as capacity has increased.

Lars Jensen, CEO of Sea Intelligence, said that capacity on the Asia to US West Coast is up 20% year-on-year, while capacity to the US East Coast has increased almost 25% over last year.

Nonetheless, consultant Jon Monroe expects next week’s GRI will stick and...

https://container-news.com/container-shortages-and-increasing-rates-add-to-shipper-woes/

US WC rates to top US$4,000 in September

China to US freight rates continue their dizzying bull run with some commentators predicting that the China to US West Coast prices will surpass the US$4,000-mark next month.

Container spot rates between the world’s two largest economies continue to soar with the Freightos FBX01 Daily index posting a third consecutive historic record and positioning the FBX03 Daily US east coast index to follow it into uncharted territory next week.

China-US West Coast prices for a 40ft box were up 7% since last...

https://container-news.com/us-wc-rates-to-top-us4000-in-september/

Pacific services on a bull run in a tricky China trade

According to the Organization of Economic Co-operation and Development (OECD)’s latest Economic Outlook for 2020, the pandemic could over the course of this year follow two differing developmental paths, the virus could recede under control from Government, or it could rapidly erupt into a second wave.

Neither scenario is palatable, and neither will lead to greater economic activity as a result, as the OECD points out.

“Both scenarios are sobering, as economic activity does not and cannot return...

https://container-news.com/pacific-services-on-a-bull-run-in-a-tricky-china-trade/

FMC monitors lines as SCFI breaks US$3,000 bar

Aggressive capacity management by carriers, currently being monitored by the Federal Maritime Commission (FMC), has pushed the US west coast Shanghai Containerized Freight Index (SCFI) into uncharted territory with spot rates breaching the US$3000/FEU barrier for the first time in the history of the index.

Impressive discipline from container lines coupled with demand has belied the 33% contraction in the world’s largest economy in the second quarter of the year, pushed the index to a historical...

https://container-news.com/fmc-monitors-lines-as-scfi-breaks-us3000-bar/

Chinese factories see September orders slow

Surveys conducted by US based freight forwarders are showing that factories in China could be experiencing a slow in orders that will hit the maritime container industry in September.

According to consultant Jon Monroe, in order to get an accurate understanding of the near future demand factory orders can offer an early warning as these orders are made up to 60 days before cargo is loaded onto vessels.

Monroe said that he had seen a number of surveys conducted by forwarders in China, and “At...

https://container-news.com/chinese-factories-see-september-orders-slow/

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