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Shippers await clarity on impact of shutdown at China's Ningbo | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Asian containers market to face peak demand, port congestion in H2 2021 | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
Extended blockage at Suez Canal leaves container market on tenterhooks | Hellenic Shipping News Worldwide hellenicshippingnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from hellenicshippingnews.com Daily Mail and Mail on Sunday newspapers.
By Mike Wackett (The Loadstar) – To improve schedule reliability, 2M partners Maersk and MSC are to avoid congested US west coast ports with two transpacific pendulum services. From this week, the AE1/Shogun and AE6/Lion loops from Asia will turn in North Europe instead of going on to the US. And to “facilitate the network adjustments”, the 2M said it would blank next week’s AE55/Griffin sailing from Asia to North Europe. Maersk said the decision to discontinue the pendulum loops was in response to “the recent unprecedented market situation with severe port congestion and equipment limitations across global supply chains”. ....
Container priority-loading premium the new normal in Asia as shippers struggle for space Go premium or go home is the new motto in the Asian container markets, with shippers struggling to get hold of ships and carriers assuring availability only when customers pay a premium over the Freight All Kind, or FAK, market sources said. The premium can range from 50% to 70% over the FAK rate, or between $2,000/forty-foot equivalent unit and $3,500/FEU for Southeast Asia to US and Europe routes, according to market sources. These premiums come on top of the recent runup in container spot freight rates, where prices to North America from Asia have risen nearly three-fold over the last six months to a record high of $5,300/FEU on Feb. 8. Container rates to Europe from Asia are also at an all-time high of $8,500/FEU Feb. 8 compared with $1,700/FEU in September 2020. ....