Photo: tcly / Shutterstock By Gavin van Marle (The Loadstar) - As the retail industry across Europe and North America begins to effectively shut down as governments enforce widespread social lockdown, there are increasing warnings that the container shipping industry is set to see some of the largest declines in volumes in living memory. According to liner analyst … [Read more...]
Shipping Containers in Short Supply
hxdyl / Shutterstock By Jen Skerritt (Bloomberg) -- A shipping container shortage that’s left everything from Thai curry to Canadian peas idling in ports may be about to get a whole lot worse as China steps up its coronavirus precautions on incoming vessels. Unloading holdups in China and delays on the return of vessels when the outbreak was largely limited to Asia has … [Read more...]
Digital Container Shipping Association Publishes IMO Cyber Security Mandate Guidance
Photo: Avigator Fortuner / Shutterstock The Digital Container Shipping Association (DCSA) has rolled out its cyber security guidance to prepare shipowners and vessels for the International Maritime Organization’s pending cyber security mandate. The DCSA is a neutral, non-profit founded by major ocean carriers to digitize and standardise the container shipping industry. … [Read more...]
With Brexit in Flux, Shippers Re-Route to Avoid Dover
By Irene García Pérez (Bloomberg) -- As Theresa May mulls moves to stop the U.K. leaving the European Union without a deal next month, some businesses have already made plans to bypass the port of Dover in case a hard Brexit brings it to a standstill. The prospect of truck jams snarling Europe’s busiest ferry port is prompting a rethink of transport modes, with a switch of … [Read more...]
Hapag-Lloyd Operating Profit Rises 32 Percent
by Vera Eckert (Reuters) - Container shipping firm Hapag-Lloyd said volume growth and a modest recovery in freight rates in the second half of 2018 helped push operating profit 32 percent higher, lifting shares in the German group on Monday. Hapag-Lloyd said preliminary earnings showed operating profit before interest and tax (EBIT) rose 32 percent to 443 million euros … [Read more...]