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Posts tagged “Containers”

 
Asia-North Europe ocean rates 'jump' further 
 
Aside from another “jump” in Asia-North Europe ocean rates, which spiked 15% and US$500 past the US$10,000/FEU mark this week, prices stayed level on most major lanes, according to the latest international freight update published by digital rates specialist Freightos, which incorporates the Freightos Baltic Index (FBX). 
 
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Mid-value products ‘getting priced out’ of ocean freight 
 
A number of significant lower-value commodities such as furniture and large electrical and electronic appliances are becoming ‘priced out’ of major intercontinental ocean freight markets because of the elevated freight rates facing importers currently, new analysis by Sea-Intelligence has revealed. 
 
Click on the below link to read more. 
 
 
Yantian Port halts entry for export containers 
 
The Port of Yantian said it will stop taking in loaded containers as congestion at the export hub in Southern China deteriorates. 
 
The restriction will be implemented from 2200 hrs local time on May 25 to 2359 hrs on May 27 and will only be partly lifted afterwards for export boxes with their vessels expected to arrive at the port within the next four days. 
 
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Driver shortage will undoubtedly hit the consumer 
 
The UK is facing a massive reduction in the number of qualified HGV drivers, which has been exacerbated by Brexit, the Covid-19 pandemic and recent IR35 tax changes. 
 
The RHA has warned the Government that the UK’s ongoing HGV driver shortage will inevitably have an impact on the consumer, as the price of goods on the shelves is set to rise. 
 
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Over half of container bookings rolled at some ports 
 
Container shipping service quality is continuing to worsen, with the number of boxes being rolled increasing. 
 
Figures from freight visibility platform project44 shows the percentage of containers missing their scheduled sailings is rising, with some carriers and ports rolling more than half their cargo in April. 
 
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Ocean freight rates and challenges rise further 
 
Ocean freight rates out of Asia have continued rising, especially to the US, as reduced capacity, high demand and equipment issues leading to “extreme capacity or equipment shortages” in North China, southeast Asia, and Taiwan. 
 
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MSC launches electronic bill of lading 
 
Moves to rid container shipping of some of its more archaic, paper-based processes have taken a further step forward with Mediterranean Shipping Co introducing a blockchain-based electronic bill of lading. 
 
The eBL enables shippers and others in the key supply chain to receive and transmit the bill of lading document electronically, without any disruption to business operations. 
 
Click on the below link to read more. 
 
 
Post-Suez box port crunch in Europe less severe than feared 
 
While the Suez Canal blockage at the end of last month is set to prolong the current operational capacity issues in ocean freight, it has not led to the catastrophic congestion crisis some had feared, major forwarders have told Lloyd’s Loading List. 
 
Click on the below link to read more. 
 
 
Ex-Shanghai ocean freight rates edge up to new record highs 
 
Ex-Shanghai ocean freight rates edged up to new record highs last week due to continuing strong demand and ongoing bottlenecks and capacity constraints – exacerbated and prolonged by the knock-on effects of last month’s blockage of the Suez Canal. 
 
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