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Posts tagged “Containers”

 
Little relief in sight for container equipment shortages 
 
The shortage of boxes that is plaguing shippers is not due to any underinvestment in the equipment fleet, but due to the extended time they are spending in transit, according to container shipping specialist Drewry 
 
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Port operations in Shanghai and Ningbo halted by Typhoon Chanthu 
 
Ports in Shanghai and Ningbo, the world’s largest and third-largest container hubs, have closed for the second time due to the impact of a typhoon this summer. 
 
China’s National Meteorological Centre has issued an orange alert, the second-most serious level, for the Typhoon Chanthu, which is expected to make landfall in the Zhoushan Archipelago, Zhejiang province on Monday with strong gales and heavy rainfall. 
 
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Ningbo’s Meishan terminal partially reopens 
 
THE blocked Meishan terminal in the major Chinese container port of Ningbo appears to have partly been reinstated, with new arrivals of three containerships last weekend – and after Meishan started to handle vessels at berth in the middle of last week. 
 
The development comes after two large boxships – 22,000 teu CMA CGM Rivoli and 8,633 teu CMA CGM Samson – left Meishan over the weekend after being at berth for more 10 days due to the coronavirus-led closure of the facility. 
 
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Shippers urged to book early for this peak season 
 
Cargo owners are being urged to book early for this year’s air and ocean freight peak seasons, with the current strong demand for space and limited capacity likely to extend into next year – along with high prices. 
 
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Ocean rates continue to climb as peak season heats up 
 
Demand for ocean freight capacity on key trades continues to outstrip supply as peak season heats up, pushing listed Asia-North Europe spot freight rates past the US$13,000/FEU mark, “and sending Europe to South America rates spiking more than 30% since last week”, the latest spot market figures and analysis from digital freight platform Freightos indicate. 
 
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Ocean freight spot rates continue to surge 
 
Ocean freight spot rates have continued to surge over the last week, with average rises close to 5% compared with the previous week across the eight major East-West trades assessed by container shipping specialist Drewry, and further rises expected this week. 
 
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Shipper competition driving up ocean freight rates 
 
Rates will keep rising while there is more cargo than capacity to ship it, with some cargo owners on long-term contracts and high volumes benefitting from their scale and gaining a significant competitive advantage 
 
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UK extends driver hours relaxation due to haulier shortage 
 
Business group Logistics UK has reacted with dismay to yesterday’s announcement of the continued relaxation of drivers’ hours legislation until 8 August 2021, which governs the length of time HGV drivers are legally expected to work. 
 
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Ocean freight disruption could hasten re-positioning of supply chains 
 
The prolonged disruption to ocean freight logistics with continuing patterns of container equipment and vessel capacity shortages, port congestion and delays, could hasten structural change in global supply chains put to the severest of tests over the past 18 months. 
 
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Yantian ‘resumes full operations’ 
 
China’s key southern container port of Yantian is expected to return to full operations today following several weeks of partial closure – although it will take weeks or even months to clear backlogs of cargo, freight sources warn, especially as peak season approaches. 
 
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