Land Archives - The Loadstar

Typhoon Kong-ray creates congestion at Shanghai, Ningbo and Kaohsiung

Martina Li in Taiwan — Tue, 05 Nov 2024 13:31:51 +0000

Asian container ports Shanghai, Ningbo and Kaohisung are working through congestion after Typhoon Kong-Rey blew through last week.
And Kong-rey, which made landfall in Taiwan on Thursday, was the strongest typhoon to lash Taiwan since 1996.
According to EconDB, Kaohsiung, the island’s main container port, is experiencing 100% delays for all incoming box ships, which amount to 69 over the next seven days.
ONE’s vessel schedule shows the 1,100 teu Contship Era arrived in ...

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Electronic negotiable cargo documents – the UN’s solution

LoadstarEditorial — Tue, 05 Nov 2024 13:30:35 +0000

In 2019, the UNCITRAL secretariat began to work on an international instrument on negotiable cargo documents, in order to open up opportunities for trade finance and facilitate international trade. TT Club explains the key issues of importance that are to be considered and still to be resolved.
It is envisaged that the instrument could apply to any mode of transport in a multimodal or unimodal context. Currently, negotiable bills are only ...

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Forward Air – unfixable?

Alessandro Pasetti — Tue, 05 Nov 2024 13:17:27 +0000

The last time I looked at the Forward Air (FWRD) story in mid-October, waiting for Q3 24 numbers to be released, I was so focused on possible divestments – as previously promised* – by year-end, that I wrongly stated the company wasn’t guiding the market for Ebitda this year.
(*Conf call in May – when the new CEO had just started – then-FWRD CFO Rebecca Garbrick said – emphasis in bold ...

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Ripples from standstill at strike-bound Canadian ports could spread inland

Charlotte Goldstone — Tue, 05 Nov 2024 13:03:50 +0000

Turmoil persists at Canada’s ports, with warnings that this could lead to spikes in road and rail freight, and congestion at ‘Plan-B’ US west coast gateways.
Yesterday, the International Longshore and Warehouse Union Ship & Dock Foremen Local 514 began an industry-wide, open-ended strike against all BC Maritime Employers Association (BCMEA) member companies.
The association issued a coast-wide lockout notice in response, effectively shutting down the principal ports of Vancouver ...

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Aesop’s grape-hungry fox has a lesson for DHL’s dealmakers

Alessandro Pasetti — Tue, 05 Nov 2024 12:32:10 +0000

If you have followed our DeskOne live coverage of the conference call that followed the Q3 24 release of DHL Group’s results today, you may well be aware that headline group numbers were, as expected, broadly in line with preliminary figures released last week.
A couple of substantial add-ons…
… however follow, for your perusal: air freight performance in DHL Global Forwarding (GF) was disappointing in terms of gross profit (GP) per unit, ...

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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 ...

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Port of Valencia slowly gets back to work after floods from rainstorms

Angelo Mathais India correspondent — Mon, 04 Nov 2024 13:50:24 +0000

Valencia Port is limping back to cargo activity after it was forced to halt operations in the aftermath of severe rainstorms that lashed the country’s south-eastern region last week.
The devastation from what was said to be the severest flash-flooding in Europe over the past five decades, is reported to have claimed some 100 lives.
Container lines have reported work resumption at Valencia on a “restricted scale”, as multiple landside challenges persist.
Hapag-Lloyd ...

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US port operators brace for tariff blitz if Trump gets second term

Alexander Whiteman — Mon, 04 Nov 2024 13:32:02 +0000

US port operators will be focused on the results of tomorrow’s elections, concerned that potential tariff policies could upend their business models.
With the polls placing the main presidential candidates neck and neck, sources across US supply chains have told The Loadstar that many shippers were organising their inventories on the basis of a Trump victory, as worry grows over his tariff pronouncements.
Describing ‘tariff’ as “the most beautiful word in the ...

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Enrico Farneti to take over from Daniela Coppola as MD Hellmann Italy

Gavin van Marle — Mon, 04 Nov 2024 12:55:02 +0000

Hellmann Worldwide Logistics has appointed Enrico Farneti (above) as its new managing director of Hellmann Italy, succeeding Daniela Coppola, who will leave the company at the end of the year, as planned.
The move follows last year’s acquisition of Hellmann Italy by the Germany-headquartered firm, which “enabled Hellmann to significantly strengthen its presence in the central Alpine region and expand its seafreight operations in the strategically important Mediterranean region, particularly through ...

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No end to chaos in sight for shippers as Canada’s port rows escalate

Alex Lennane — Mon, 04 Nov 2024 12:51:30 +0000

Shippers face severe disruption in Canada after the weekend failed to see labour tensions decline at the country’s ports: in fact, rows on both the east and west coasts escalated.
On the west coast, where the ports of Vancouver and Prince Rupert are affected, the BCMEA’s decision to lock out ILWU Local 514 workers today, triggered a pushback from the union and no agreement was reached.
The port of Vancouver warned customers: ...

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