Congestion Hits Port of Singapore
By Sam Whelan (The Loadstar) – Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers. Peter Sundara, VP global...
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By Sam Whelan (The Loadstar) – Major delays have now hit the port of Singapore, with congestion causing vessel turnaround times to more than double and week-long cargo rollovers. Peter Sundara, VP global...
By Mike Wackett (The Loadstar) – Major port and landside congestion at US west coast ports could last until the summer peak season, according to ocean carriers attending the JOC’s virtual TPM21 conference...
By Mike Wackett (The Loadstar) – Higher fuel costs are triggering increases in ocean carrier bunker surcharges, adding more misery for shippers already struggling with record high freight rates and additional fees....
By Mike Wackett (The Loadstar) – Containership charter rates have hit 13-year highs and shipowners are locking these in with carriers on three- and five-year charters. Alphaliner says the supply of container...
By Mike Wackett (The Loadstar) – Container freight and charter markets are continuing to boom post-Chinese New Year, and analysts expect favourable conditions for carriers and shipowners to last at least into...
By Mike Wackett (The Loadstar) – Ocean carriers are determined to keep container spot rates at their highly elevated levels for as long as possible, as they look to lock in annual...
By Mike Wackett (The Loadstar) – Ocean carriers and containership owners are in the midst of the richest vein for the liner sector in over a decade. The shipping lines are confidently predicting record...
By Mike Wackett (The Loadstar) – The 2M alliance has announced a further blank sailing this week from Asia to North Europe to use the vessel on another service. The last-minute cancellation...
By Gavin van Marle (The Loadstar) – A new superport is set to be created in north-west Europe after the Belgian ports of Antwerp and Zeebrugge announced today that they will formally merge. Talks between the...
By Mike Wackett (The Loadstar) – Yang Ming has taken charge of the fourth in the series of ten 12,690 teu neo-panamax vessels three months ahead of schedule. The Taiwanese carrier said the YM Target will be...
By Gavin van Marle (The Loadstar) – Federal Maritime Commissioners Carl Bentzel and Daniel Maffei have written to US president Joe Biden urging his new administration to classify the country’s dockers and...
By Gavin van Marle (The Loadstar) – CMA CGM appears to be set to close its transpacific express container shipping service, after worsening congestion at Los Angeles port impacted delivery guarantees. According...
By Mike Wackett (The Loadstar) – Ocean carriers are to cancel several headhaul sailings to North Europe around the Chinese New Year holiday next month. It is a blow for beleaguered shippers...
By Mike Wackett (The Loadstar) – There are calls for an urgent review of container lashing practices and stack height restrictions after another box ship lost a huge number of containers in the Pacific...
By Mike Wackett (The Loadstar) – A very strong fourth-quarter 2020 operational update from OOCL is an indicator of the rich vein of profitability enjoyed by the liner industry since the middle...
By Mike Wackett (The Loadstar) – As oil prices head north again, ocean carriers are preparing to ramp up low-sulphur fuel surcharges to add to the misery of shippers struggling with sky-high...
By Gavin van Marle (The Loadstar) – Surveyors contracted to inspect the damaged cargo and containers on the ONE Apus say discharging operations are likely take several more weeks. And a decision on whether...
By Mike Wackett (The Loadstar) – 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...
By Mike Wackett (The Loadstar) 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...
By Mike Wackett (The Loadstar) – 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...
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