Feb 25, 2021
— India is looking to enter the container manufacturing sector in a big way as the country aims to boost its exports. Container manufacturing is expected to be part of India’s Atmanirbhar Bharat programme, which is a vision for India envisaged by prime minister Narendra Modi to make India a self-reliant nation. Under the program, five pillars were outlined – economy, infrastructure, system, vibrant demography and demand.
Feb 22, 2021
— Shippers are beginning to make alternative routing arrangements in the event of a renewed strike at the port of Montreal. Stakeholders are worried that a strike at the port could come as soon as late next month, when a truce between Maritime Employers Association and the Canadian Union of Public Employees, representing longshoremen, is due to expire.
Feb 3, 2021
— Alphaliner has identified 41 containerships at or near to the San Pedro anchorage awaiting a berth at the beginning of this week, equivalent to a total capacity of 336,500 teu. Including the 27 ships already at berth on Monday, the total container fleet currently in the Los Angeles/Long Beach area represents a capacity of no less than 579,100 teu.
Feb 2, 2021
— 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 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”.
Jan 27, 2021
— Vietnam’s newest container terminal is open for business – completing a turnaround for the once under-utilised Cai Mep deepwater port. Gemalink International Port (GIP), the fifth container terminal at Cai Mep, 50km south-east of Ho Chi Minh City, is a joint-venture between homegrown logistics group Gemadept and Terminal Link, a terminal operator part-owned by CMA CGM.
Jan 25, 2021
— A critical shortage of containers is driving up shipping costs and delays for goods purchased from China. The pandemic and uneven global economic recovery has led to this problem cropping up in Asia, although other parts of the world have also been hit. Industry watchers said desperate companies wait weeks for containers and pay premium rates to get them, causing shipping costs to skyrocket.
Jan 8, 2021
— Major forwarders are engaged in fierce bidding wars in China, in order to secure equipment and space to North Europe. And several carriers are reported to have opened first- and second-round tenders with the highest bidders for guaranteed shipment this month.
Jan 5, 2021
— As Asia-Europe container spot rates continue to skyrocket, shippers and freight forwarders are accusing carriers of breaching short- and long-term contracts to “charge whatever they want”. In a joint letter to the Competition Directorate of the European Commission (EC), the European Freight Forwarders Association (CLECAT) and European Shippers’ Council (ESC) have protested about the “damage” the carriers’ behaviour is “causing to trade growth at a time of economic recession”.
Jan 5, 2021
— An Evergreen Marine containership lost 36 containers over the side after the vessel encountered severe weather off the coast of Japan last week. The container loss incident took place on Wednesday, December 31, after as the MV Ever Liberal sailed Busan, South Korea bound for Los Angeles, California.
Jan 4, 2021
— The final Shanghai Containerized Freight Index (SCFI) for 2020, published on 31 December, recorded a staggering 190% gain on the year. The biggest spot rate increase on its major tradelanes was recorded between Asia and North Europe, which saw the SCFI component leap by almost 300% to finish the year at $4,091 per teu.
Nov 23, 2020
— FMC approved a Supplemental Order that expands the authority of Fact Finding 29, “International Ocean Transportation Supply Chain Engagement”. Commissioner Dye will lead the FMC's efforts into further investigation of ocean carriers operating in alliances, focusing on the Ports of Long Beach, Los Angeles and the Port Authority of New York and New Jersey. Specifically, the Commission will review policies and practices related to detention and demurrage, container return and container availability.