Transatlantic Archives - The Loadstar

Carriers drop calls at Hamburg after congestion builds at CTA

Gavin van Marle — Mon, 04 Nov 2024 14:08:50 +0000

Congestion issues continue to plague Hamburg’s flagship automated Container Terminal Altenwerder (CTA), due to operator HHLA’s modernisation programme, forcing carriers to drop sailings into Germany’s largest port.
Jan Kolditz, director of IT and terminal development of HHLA, told The Loadstar on the sidelines of the recent World Ports Conference in Hamburg that CTA was replacing its entire fleet of ship-to-shore cranes.
“All 14 are being replaced as they have come to the ...

The post Carriers drop calls at Hamburg after congestion builds at CTA appeared first on The Loadstar.

Across the pond – carriers get their act together

Gavin van Marle — Wed, 30 Oct 2024 12:13:17 +0000

The fundamentals of demand and supply in the container shipping market have been at work in the transatlantic trade in recent weeks, demonstrating once again how much the market is governed by basic economic laws.
Here comes a bit of healthy reporting today.
While spot freight rates on the transpacific and Asia-Europe trades have been on a long downward slope for weeks now, the Europe-North America routes have been remarkably robust by ...

The post Across the pond – carriers get their act together appeared first on The Loadstar.

Carriers may have ‘overshot’ on capacity and will need to blank more sailings

Gavin van Marle — Fri, 25 Oct 2024 11:54:05 +0000

Container spot freight rates on the main export routes out of China continued to fall this week, with declines seen on both the transpacific and Asia-Europe trades.
The trend of declining spot freight rates was bucked, however, on the transatlantic, where Drewry’s World Container Index (WCI) recorded a 28% week-on-week increase, to $2,663 per 40ft, on its Rotterdam-New York leg.
And the backhaul New York-Rotterdam leg price rose 4%, to $761 per ...

The post Carriers may have ‘overshot’ on capacity and will need to blank more sailings appeared first on The Loadstar.

Spot rates ex-Asia still falling, despite USEC congestion, with more blanks

Gavin van Marle — Fri, 11 Oct 2024 12:34:26 +0000

Container spot freight rates on the main trades out of Asia continued to fall this week, as the resumption of operations at US east and Gulf coast ports eased industry congestion fears.
Nonetheless, the three-day stoppage by ILA members ensnared up to 70 vessels in the region, leaving an inevitable backlog that will take time to clear – estimates vary from “a matter of days” to “two or three weeks”, although ...

The post Spot rates ex-Asia still falling, despite USEC congestion, with more blanks appeared first on The Loadstar.

Strike swell hits transatlantic rates – transpac shippers hold their breath

Gavin van Marle — Fri, 04 Oct 2024 12:11:33 +0000

The supply chain ripples from the US east and Gulf coast port strike have largely still to make themselves felt in global spot freight rates, according to this week’s indices.
Despite predictions that the transpacific eastbound headhaul trade might see a surge of demand into US west coast ports, the major spot rate indices saw freight rates decline on the trade: the Drewry World Container Index’s (WCI) Shanghai-Los Angeles leg declined ...

The post Strike swell hits transatlantic rates – transpac shippers hold their breath appeared first on The Loadstar.

East coast containership logjam builds as vessels steam in

Gavin van Marle — Wed, 02 Oct 2024 12:58:03 +0000

As the ILA strike at US east and Gulf coast ports enters its second day, with container terminals across the seaboards now closed, anchorages outside ports have begun to fill up.
However, initial signs indicate that carriers might opt for different strategies for vessels that are unable to dock at ports in the region.
According to the eeSea liner database, the east coast port of Savannah has the biggest queue, with some ...

The post East coast containership logjam builds as vessels steam in appeared first on The Loadstar.

Carriers announce disruption surcharges for USEC cargo as strike looms

Gavin van Marle — Thu, 19 Sep 2024 11:55:27 +0000

As the possibility of strike action at ports on the US east and Gulf coasts draws nearer by the day, container shipping lines serving the region have begun to announce disruption surcharges.
On 1 September, MSC notified customers it would apply a $1,000 per 20ft and $1,500 per 40ft Emergency Operations Surcharge (EOS) from 1 October (the date set for the strike to begin) on all shipments from Europe to the ...

The post Carriers announce disruption surcharges for USEC cargo as strike looms appeared first on The Loadstar.

Transatlantic trade bucks rate decline trend – but not over strike fears

Gavin van Marle — Thu, 12 Sep 2024 12:34:00 +0000

While container spot freight rates have continued to decline in recent weeks on the main east-west trades, the transatlantic trade has once more bucked the trend, with a sudden upswing in pricing.
The rate for shipping a 40ft container from North Europe to the North America east coast have generally hovered around the $1,900 mark for the best part of this year, down from a peak of $2,158 per 40ft at ...

The post Transatlantic trade bucks rate decline trend – but not over strike fears appeared first on The Loadstar.

OOCL loses market share on Asia-EU, but soaring rates prop up top line

Gavin van Marle — Mon, 15 Jul 2024 16:28:52 +0000

The impact of soaring spot freight rates made itself felt on OOCL’s top line after the Hong Kong-headquartered carrier published its unaudited second-quarter operational update this morning.
The new numbers also appear to show that OOCL may have lost market share on its Asia-Europe services, which in the second quarter registered a year-on-year decline of 17.2%, with three-month liftings on the route recorded at 351,000 teu, compared with 424,000 teu in ...

The post OOCL loses market share on Asia-EU, but soaring rates prop up top line appeared first on The Loadstar.

Breathing space for shippers in a flat week for spot rates

Gavin van Marle — Fri, 12 Jul 2024 12:18:00 +0000

Spot freight rate levels on the major east-west container trades this week remained flat, as the third-quarter peak season swung into gear.
It is now less than three months until China’s Golden Week holiday, on 1 October, that will see the country’s factories shut for seven days – and, given the extended voyage times on many trades, it is likely to act as an informal deadline for the end of the ...

The post Breathing space for shippers in a flat week for spot rates appeared first on The Loadstar.