Consolidation of Container Feeder lines:
Tim Hartnoll-led private equity venture HICO Investment Group has bought Bengal Tiger Line (BTL) as well as acquiring a majority shareholding in Caribbean Feeder Service in the latest chapter of container consolidation. No price has been revealed for...
Estimated reading time: 2 minutes
From what I can see the Carrier53â shipping line specializes in one-way shipments of 53ft US domestic containers from the manufacturers in China to the US.
ombugge
September 7, 2022, 11:55am
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But the good times keep rolling for the Container leasing companies:
ombugge
September 11, 2022, 11:37am
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In its analysis of the eventual normalization of supply chains and the potential ramifications on the flows of empty containers, Sea-Intelligence highlights the decline in the time it takes from when the cargo is ready at the exporter until the importer takes delivery. Pre-pandemic, the transportation time was 45 days on average, peaking at a transportation time of 112 days in February 2022, which has since been reduced to 88 days, as of the end of August they report.
âAs transportation time is now getting shorter, these additional containers will be released back out of the supply chain, and they will start to pile up, primarily in Europe and the U.S.,â predicts Murphy
And more slotts will be available to carry more containers across the ocean faster, thus causing more port congestions because of inefficient ports and lack of efficient infrastructure to handle the inshore transport, unstuffing, stuffing and returning containers to the ports/inland depots.
So shipping companies are to blame because they bring too many containers too fast across the oceans? (Only to have to steam around out of sight for days, (burning fuel and causing GW) while waiting on wharf space.
On top of that they charge demurrage (rental) when their containers are not redelivered within the agreed and contracted free time. It is unfair, AVIS would NEVER do that if you failed to redeliver your rental car on time.
ombugge
September 13, 2022, 11:08am
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Meanwhile the Chinese are producing more new containers (if all sizes) to fill the need for empties in their market:
Following a contraction in output of newbuild 20ft shipping containers in 2021, ordering has recovered strongly this year, and contrary to popular opinion UK consultancy Drewry expects its share of the global container equipment fleet to remain above...
Estimated reading time: 1 minute
In the first eight months of the year manufacturers based in China, which account for over 96% of global output, produced close to 500,000 teu, which was up almost 64% year-on-year and 35% on the corresponding period in 2020. Drewry expects output for the full year to total at least 900,000 teu, up from just below 560,000 teu in 2021
ombugge
September 16, 2022, 11:31am
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Empties are not all bad news:
The Port of Long Beach on Thursday reported having its second busiest August on record, with cargo volumes less than 1,000 TEUs off its monthly record and even surpassing its...
Est. reading time: 2 minutes
ombugge
September 16, 2022, 12:14pm
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COSCO Shipping, the worldâs fourth largest carrier, is to massively add to the global containership orderbook, detailing a $4.9bn outlay in new ships. The container arm of Chinaâs largest maritime conglomerate has laid out plans to order 32 ships...
Estimated reading time: 1 minute
I spot at least 7 mega container ships in COSCO colours in different stages of construction at this yard alone.
ombugge
September 19, 2022, 10:30am
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Are the party over for the Container Lines?:
Container shipping has been warned to brace for a hard landing rates-wise as multiple indices around the world plunge further. Utilisation rates are sliding despite an increase in blank sailings. Spot rates, as recorded by the Shanghai Containerized...
Estimated reading time: 3 minutes
Who are the US Government going to blame and US Shippers going to sue then??
ombugge
September 21, 2022, 11:01am
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Hard time also for the smaller and newer Container Lines that operate in the spot market using chartered ships:
The abrupt plummet in boxship charter rates is making plenty of headlines, with warnings that some carriers are struggling to keep up with their rental payments for ships signed earlier at sky-high prices. Classic panamax tonnage has been fixed in...
Estimated reading time: 3 minutes
I think thereâs an eighth in the background.
ombugge
October 5, 2022, 12:38pm
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Now one of these greedy container lines are offering incentive to US importers who return empty containers quickly:
Trees for teus is French liner CMA CGMâs snappy new way to improve supply chain fluidity in a green fashion. The Rodolphe Saade-led firm has just unveiled its new TEUs to Trees Early Container Return Incentive Program, which will provide customers...
Estimated reading time: 1 minute
Will that work better than to enforce demurrage for late return per contract? Left to be seen.
How long was Adam in Paradise?:
Sounds like a major exodus from the Far East - US container trade. (??)
Well secured cargo? Example:
Loaded Flat Racks container onboard the MATZ MAERSK
Photo: Rob van den Houten ©
1 Like
ombugge
October 10, 2022, 12:25pm
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It is feast or famine in Container shipping, as in all other branches of the shipping industry:
Assessing where the rates floor is in the consolidated container shipping market is keeping experts busy as multiple indices continue to report steep declines. UK consultants Drewry last week lowered its demand outlook for 2022 to 1.5%, and to 1.9%...
Estimated reading time: 5 minutes
ombugge
October 11, 2022, 3:38pm
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Markets are falling but more ships are joining the market in the years to come:
With Yangzijiang Shipbuilding recently confirming Mediterranean Shipping Co (MSC) has ordered a dozen LNG dual-fuelled 16,000 teu ships, the orderbook at the worldâs largest carrier now stands just shy of 2m teu, a figure so large that analysts are...
Estimated reading time: 3 minutes
Maybe good for the breakers??
