Maersk Line Archives - The Loadstar Making sense of the supply chain Wed, 06 Nov 2024 12:28:59 +0000 en-US hourly 1 https://wordpress.org/?v=6.6.2 31889032 Mærsk vs ONE vs Matson – the earning curve https://theloadstar.com/maersk-vs-one-vs-matson-the-earning-curve/ https://theloadstar.com/maersk-vs-one-vs-matson-the-earning-curve/#respond Wed, 06 Nov 2024 12:28:59 +0000 https://theloadstar.com/?p=284303 As quarterly results from ocean carriers begin to filter into the market, we are already witnessing some revealing patterns for operating earnings per teu.
Background
The third quarter was a seesaw for carriers and customers alike.
The Red Sea crisis continued uninterrupted; then we bumped into a peak season on the Asia-Europe trade carried before anyone realised it was even on its way; and North America’s appetite for container imports was healthier than ...

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]]> https://theloadstar.com/maersk-vs-one-vs-matson-the-earning-curve/feed/ 0 284303 ‘Desperate’ GRIs by carriers prop up Asia-Europe spot rates, for now https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/ https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/#respond Fri, 01 Nov 2024 13:39:54 +0000 https://theloadstar.com/?p=284052 Container shipping lines on the main east-west trades this week managed to reverse 15 weeks of consecutive declines in spot freight rates by managing to push through a general rate increase on ex-Asia loadings.
This week’s Drewry World Container Index (WCI) saw the spot rate on the Shanghai-Rotterdam leg rise 8% week on week, to $3,396 per 40ft, while the Shanghai-Genoa leg grew 11%, to $3,648 per 40ft.
One European forwarder told ...

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]]> https://theloadstar.com/desperate-gris-by-carriers-prop-up-asia-europe-spot-rates-for-now/feed/ 0 284052 Maersk and Hapag-Lloyd line up major newbuild order to boost Gemini fleet https://theloadstar.com/maersk-and-hapag-lloyd-line-up-major-newbuilding-order-to-boost-gemini-fleet/ https://theloadstar.com/maersk-and-hapag-lloyd-line-up-major-newbuilding-order-to-boost-gemini-fleet/#respond Thu, 31 Oct 2024 12:33:51 +0000 https://theloadstar.com/?p=283920 Newbuilding activity has continued unabated, as liner operators compete for market share ahead of the reshuffling of container shipping alliances in 2025.
Maersk Line and Hapag-Lloyd, set to launch their Gemini Cooperation in February, have reportedly ordered up to 28 17,000 teu LNG dual-fuel box ships from China’s Yangzijiang Shipbuilding for delivery between 2027 and 2029.
Maersk Line reportedly wants 10 vessels, while Hapag-Lloyd has ordered a dozen, with options for another ...

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]]> https://theloadstar.com/maersk-and-hapag-lloyd-line-up-major-newbuilding-order-to-boost-gemini-fleet/feed/ 0 283920 David Williams steps up as chief product officer at Leschaco https://theloadstar.com/david-williams-steps-up-as-chief-product-officer-at-leschaco/ https://theloadstar.com/david-williams-steps-up-as-chief-product-officer-at-leschaco/#respond Tue, 29 Oct 2024 13:07:23 +0000 https://theloadstar.com/?p=283715 German logistics firm Leschaco has promoted David Williams (above) to chief product officer and join the management board.
From 1 November, Mr Williams will be responsible for “overseeing the company’s global product portfolio, ensuring alignment with Leschaco’s strategic objectives, and driving product innovation to meet evolving customer needs”.
He joined the company in January as global head of tank containers after more than 30 years in senior roles at APMM, and will ...

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]]> https://theloadstar.com/david-williams-steps-up-as-chief-product-officer-at-leschaco/feed/ 0 283715 Trump tariff threat and China downturn will make CNY 2025 ‘different’ https://theloadstar.com/trump-tariff-threat-and-china-downturn-will-make-cny-2025-different/ https://theloadstar.com/trump-tariff-threat-and-china-downturn-will-make-cny-2025-different/#respond Mon, 21 Oct 2024 12:32:39 +0000 https://theloadstar.com/?p=283135 The impact of Chinese New Year (CNY) on global supply chains “cannot be overstated”, according to Maersk, amid a warning that the forthcoming 29 January to 3 February holiday would be different from previous years, due to two volatile factors.
During CNY, factories across Asia shut down, “creating bottlenecks and delays in supply chain”, Maersk warned customers today.
“Companies experience a rush to complete orders before the holiday, and a backlog of ...

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]]> https://theloadstar.com/trump-tariff-threat-and-china-downturn-will-make-cny-2025-different/feed/ 0 283135 Liner schedule reliability: some improvement as strike turmoil begins https://theloadstar.com/liner-schedule-reliability-some-improvement-as-strike-turmoil-begins/ https://theloadstar.com/liner-schedule-reliability-some-improvement-as-strike-turmoil-begins/#respond Mon, 30 Sep 2024 12:15:10 +0000 https://theloadstar.com/?p=281543 On the eve of possible widespread disruption due to industrial action across US east and Gulf coast ports, schedule reliability across the container shipping sector has been marginally improving.
According to SeaIntelligence Consulting, global schedule reliability in August improved by 0.7 percentage points compared with July, to reach 52.8% of all sailings arriving on time, and it added that overall schedule reliability this year had stabilised within the 50%-55% range.
“While disappointingly ...

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]]> https://theloadstar.com/liner-schedule-reliability-some-improvement-as-strike-turmoil-begins/feed/ 0 281543 Gemini’s outdated hub-and spoke strategy will prove ‘ineffective’ https://theloadstar.com/why-geminis-outdated-hub-and-spoke-strategy-will-prove-ineffective/ https://theloadstar.com/why-geminis-outdated-hub-and-spoke-strategy-will-prove-ineffective/#respond Mon, 30 Sep 2024 11:34:15 +0000 https://theloadstar.com/?p=281503 Gemini Cooperation’s “hub and spoke” strategy was predicted to be “ineffective” by speakers at the Busan International Port Conference in South Korea last week.
The Gemini tie-up between Maersk Line and Hapag-Lloyd will launch operations in February 2025.
Among the container shipping alliances, Gemini Cooperation is offering the fewest Asia-Europe services and is skipping various ports, opting instead to use dedicated shuttle services to tranship goods to certain ports, such as Busan.
Linerlytica ...

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]]> https://theloadstar.com/why-geminis-outdated-hub-and-spoke-strategy-will-prove-ineffective/feed/ 0 281503 My recipe for success: how Gemini can win the alliance race https://theloadstar.com/my-recipe-for-success-how-gemini-can-win-the-alliance-race/ https://theloadstar.com/my-recipe-for-success-how-gemini-can-win-the-alliance-race/#respond Mon, 30 Sep 2024 11:32:13 +0000 https://theloadstar.com/?p=281516 The Maersk and Hapag-Lloyd sales reps will be out in the field in force over the coming months, visiting their key account customers ahead of the transition to the Gemini Cooperation alliance early next year.
The importance of these face-to-face contacts cannot be over emphasised: shippers remain sceptical about the hub-and-spoke transhipment concept of the new vessel-sharing agreement (VSA) and will want to be reassured that the Gemini partners have all ...

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]]> https://theloadstar.com/my-recipe-for-success-how-gemini-can-win-the-alliance-race/feed/ 0 281516 US east coast carriers and rail operators introduce pre-strike restrictions https://theloadstar.com/us-east-coast-carriers-and-rail-operators-introduce-pre-strike-restrictions/ https://theloadstar.com/us-east-coast-carriers-and-rail-operators-introduce-pre-strike-restrictions/#respond Wed, 25 Sep 2024 11:16:02 +0000 https://theloadstar.com/?p=281110 With just a week before an increasingly probable US east and Gulf coast port strike, carriers have been laying out contingency plans, including pre-emptively halting inland cargo movement and congestion-related surcharges.
Maersk said it would implement a ‘local port disruption surcharge’ for all cargo moving to and from the US east and Gulf coast terminals from 21 October, “depending on the impact of the disruption to the supply chain”, of $1,500 ...

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]]> https://theloadstar.com/us-east-coast-carriers-and-rail-operators-introduce-pre-strike-restrictions/feed/ 0 281110 FMC’s ‘shot across the bows’ warning over unfair D&D fees during strike https://theloadstar.com/fmcs-shot-across-the-bows-warning-over-unfair-dd-fees-during-strike/ https://theloadstar.com/fmcs-shot-across-the-bows-warning-over-unfair-dd-fees-during-strike/#respond Tue, 24 Sep 2024 11:37:31 +0000 https://theloadstar.com/?p=281029 The US Federal Maritime Commission (FMC) has warned carriers and terminal operators against profiteering from unfair detention and demurrage (D&D) charges amid the disruption from an east and Gulf coast port strike.
Yesterday, the FMC published a reminder that “all statutes and regulations administered by the FMC would remain in effect” during any International Longshoremen’s Association (ILA) strike-related terminal closures, threatened for 1 October.
Vespucci Maritime CEO Lars Jensen said: “Basically, this ...

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