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Posts tagged “Ocean Freight”

 
Maersk says post-Suez disruptions will last well into May 
 
Almost two weeks since the Ever Given was re-floated, box traffic through the Suez Canal has more or less returned to normal, but the knock-on effects will last well into May, Maersk has warned. 
 
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DP WORLD ANNOUNCES £40M INVESTMENT IN SOUTHAMPTON THIS YEAR 
 
DP World has announced that Southampton, Britain’s second largest container terminal, will benefit from a major programme of investment in 2021 designed to take it up to the next level as a premier international freight and logistics hub. 
 
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Ports prepare for Suez surge 
 
Following the refloating of the 20,000 teu Evergreen containership ‘Ever Given’ that has been blocking the Suez Canal for the best part of a week, attention is now turning to the surge of imports that are due to arrive at Europe’s shores as a backlog of vessels begin to transit the canal. 
 
Among those ships that have been waiting to transit the canal are 100 containerships with an aggregated capacity of 1m teu, according to figures from Lloyd’s List Intelligence. While some of that cargo is outbound or empties, on average 52% of canal capacity each week is northbound to Europe. 
 
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Ever Given under way after being floated off 
 
After a week of disruption, the Suez Canal is preparing to reopen after Ever Given finally gets under way 
 
The ship that has been blocking Suez Canal transits appears to have finally been pulled clear of the bank side and is now in mid channel, according to automatic identification system data from Lloyd’s List Intelligence. 
 
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Suez Canal remains blocked despite efforts to re-float grounded ‘Ever Given’ 
 
The Suez Canal remains closed following the grounding of a fully laden Evergreen-operated 20,000 teu containership on Tuesday, blocking traffic on one of the world’s most important waterways. 
 
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Asia-Europe ocean freight markets show signs of slight easing 
 
Forwarding and other freight sources report some easing of ex-Asia ocean freight markets in the last three or four weeks, including reductions in pricing from China, better availability of containers at origin, and some easing of congestion in destination ports. But some believe it may be ‘the eye of the storm’, with more disruptions to come as recently blanked services come back on line. 
 
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Ocean freight pressures set to continue until at least summer 
 
Difficulties experienced throughout much of the global ocean freight logistics chain for several months look set to continue well into the second quarter (Q2) of this year, according to freight forwarding and other sources, including high prices, poor vessel reliability, capacity issues and acute equipment shortages. 
 
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US box imports set for ‘dramatic’ H1 growth 
 
Imports at the largest US container ports are expected to grow “dramatically” during the first half of 2021, particularly in comparison with last year’s disrupted market, according to the monthly Global Port Tracker report released today by the National Retail Federation (NRF) and Hackett Associates. 
 
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Higher contract rates ahead as shippers seek security 
 
Contract freight rates have risen sharply and could well remain high for the remainder of 2021 and beyond, as shippers that had successfully played the spot market in the past have been hit hard by the recent ocean supply constraints and now seek longer-term commitments. 
 
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China’s shipowners and port groups urge efforts to temper sky-high box rates 
 
China Shipowners’ Association and China Ports and Harbours Association call on carriers and ports to make more efforts to reduce shipping costs. These include adding vessel capacity and accelerating empty container circulation
 
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