Container volume at Shanghai port in 2021 ranked number one globally for the 12 consecutive years amid the Covid-19 outbreak. Jan 05, 2022 The port posted a container volume of over 47m teu in 2021, including 32m teu for international trading, an increase of around 3% year-on-year, and 6.3m teu for domestic market, an increase of around 2.3%. In
AP Moller – Maersk continues its aggressive expansion into the wider supply chain acquiring the contract logistics business of Li & Fung Group in a $3.6bn deal. Marcus Hand | Dec 22, 2021 It seems barely a day goes by without a cash rich container line making another logistics space foray. Maersk’s latest acquisition is Asia
Container lines are blanking around one quarter sailings on the Asia – US West Coast trade as port congestion and delays force result in short notice capacity adjustments, according to analysts Sea-Intelligence. Marcus Hand | Dec 16, 2021 Blank sailings are normally used by lines for capacity management when demand drops, as was done very effectively
The Port of Savannah set a new monthly volume record for November, handling 495,750 twenty-foot equivalent units. This is a 6.7% increase from November 2020, the Georgia Ports Authority said Thursday. The increase comes as GPA has been seeking to ramp up annual capacity at the Port of Savannah by 25% in order to accommodate additional import
Port officials in Los Angeles and Long Beach have delayed imposing controversial congestion fees for a fourth consecutive week, increasing the likelihood that the fees will never be assessed. The port authorities said the excess storage surcharge has been postponed until Dec. 13. The fees have had their intended effect of getting users to clear
Container line schedule reliability remained low in October with no line managing over 50% reliability and the lowest – Evergreen – just 13.6%. Marcus Hand | Nov 30, 2021 Sea Intelligence’s latest Global Liner Report showed a marginal improvement in container line schedule reliability in October with 0.4% percentage point improvement to 34.4%. The report covers
SSA Marine has notified importers at its Seattle port facilities that it will introduce an additional storage charge on Wednesday for containers lingering longer than five days in an effort to clear space so stevedores can better service vessels and reduce cargo delays. The cargo-handling company said a temporary levy of $50-per-day fee will be
The ports of Los Angeles and Long Beach for a second time have postponed collection of a new surcharge on long-dwelling containers, saying progress by ocean carriers and shippers has reduced the amount of aging containers on the docks by a third. Fees will not be assessed before Nov. 29, the port authorities said Monday.
Unprecedented $48.1bn earnings for container shipping in Q3 saw the industry surpassing tech giants Facebook, Amazon, Netflix and Google, or FANG, in terms of profitability. Marcus Hand | Nov 22, 2021 The McCown Container Results Observer estimated the profit of container shipping in Q3 at $48.1bn taking the earnings of public listed lines, which stood at
Another ocean carrier financial report, another awe-inspiring bottom line. Germany’s Hapag-Lloyd posted its best quarter ever on Friday, and CEO Rolf Habben Jansen provided his take on spot rates, California congestion and all those new container ships that were ordered. The world’s fifth-largest ocean carrier reported earnings before interest taxes, depreciation and amortization of $3.92
