According to shipping consultants Drewry, the container shipping sector is heading for record profits for this year and probably, 2022 is also expected to be highly profitable. The total 2020 figures for all liner show the industry achieved some $26.6bn operating profit, the highest figure ever recorded by the UK analysts, with a combined operating margin of 13%.
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Trans-Atlantic trade has been growing in the past few years. Total containerized trade between the US and Europe grew 4.1 percent to 5.67 million loaded TEU in 2019, with US imports accounting for 65 percent of the total and exports 35 percent.
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Usually the slowest period of the year in trucking industry is the first quarter (Q1), but not in 2021. US imports and increased industrial output kept the pressure on truckload and less-than-truckload capacity in January and February. Those factors, and a slow rollout of the COVID-19 vaccines, have kept rates rising. Shippers and carriers are coming to grips with rising costs in contract negotiations. Now than ever the shippers need a high-level cooperation to service the customers under the prices that can afford.
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Once again, many seafarers being hit by the rise due to travel restrictions imposed by governments in response to new Covid 19 variants and pressure is growing to ensure seafarers receive priority vaccines. The latest industry analysis shows that around 200,000 seafarers are currently affected by the crew change crisis, a considerable reduction from the height of crisis last year when 400,000 needed to be repatriated.
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The Suez Canal is set to resume operations today after the 20,388 teu Ever Given was re-floated overnight. While the vessel’s bow remained stuck on one side of the waterway this morning, the high spring tide this afternoon allowed salvors to re-float the entire ship and unblock the waterway after a week of closure.
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Ocean transportation is facing its greatest challenge since we went from sail to steam in the 1840s.Over the next few decades as many as 60,000 ships must transition from combustion of fossil fuels to zero-emission propulsion.
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A global shortage of shipping containers causes increased charges of cargos sending. Trade balance in China looks like following: exporting 3 ctns for each 1 imported. Recent delays in containers’ returning to China due to pandemic and reasonable shortage now is starting to make the export very limited.
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Container transport of goods, although very efficient, is not an easy way to transport goods. This type of transport of goods requires knowledge and experience of highly trained staff, quality means of transport, as well as the highest level of logistics. That is why the transport of goods by containers is realized in several phases. In other words, before the transport of goods by containers, appropriate preparatory actions should be performed.
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Maersk Line has announced that it would be operating the world’s first carbon-neutral containership by 2023 – some seven years earlier than planned.
A company spokesman confirmed that a newbuild 2,000 teu feeder vessel would be equipped with dual-fuel technology that would allow it to run on methanol or very-low-sulphur fuel oil (VLSFO). The vessel is scheduled to begin operating on one of the carrier’s intra-regional networks in 2023.
The ageing global container fleet will anticipating a substantial increase in newbuild orders placed this year and next, despite future propulsion concerns, a new report from Braemar ACM suggests. The broker is anticipating a pick up in new boxship orders in 2021 and 2022, following on from a sudden spurt of ultra large boxship orders seen in Q4 last year.
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By activating the intermodal terminal, the customers are enabled to reduce logistics costs and to have faster, safer and better transport service. It makes the connection between significant markets and numerous functions and benefits.
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The rapid boom in Air freight rates, is fueling the demand for less than container load(LCL) services.
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The efficient operation of ship, large and small, will at some point depend on the ports and terminals where they load and unload. The effects of the Covid 19 pandemic have highlighted the need for increased automation, paperless documentation as well as a general optimisation of processes. Some of the technologies being introduced or discussed are as follows.
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Hamburg based Ocean Insights data on cargo delays reveals that high rollover rates continues to cause major delays.
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Faced with the necessity of reducing emissions drastically over the next decades, the shipping industry is involved in numerous projects find alternatives to fossil fuels, one of which is Nuclear.
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The combination of sky- high rates and a dire shortage of containers, the effects of the global pandemic as well as the normal frenzy of Christmas deliveries, have created “a perfect storm” for shippers worldwide and there is little sign of an improvement.
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Ship owners and operators having been facing much criticism over the last six months for both the eduction of sailings as well as the ever- increasing rates. In its defence, the industry naturally blames the pandemic, port congestion and unpredictability of demand. With new crises now developing, what does 2021 hold?
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2021 forecast in international transport estimates that the innovation is one of the things which can restart the stopped activity and economy that depends on it. The first real recoveries may be expected in April 2021. Obviously, the digitalization will change the international trade but also and deduct the costs.
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A shipping container is designed and intended for intermodal freight transport. This means that it can be used for a couple types of transport: from ship to rail or truck without loading or reloading. The containers are used to store the Goods safely and efficiently.
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From an estimated loss of $23 Billion to a predicted $14 Billion profit.
According to the Danish consultant Sea Intelligence, this was the biggest swing in the 64 year history of the container business but with freight rates in all regions going through the roof, regulators seem unable to prevent the impact on shippers.
It is now universally recognised that the entire world has been severely impacted by the coronavirus and nearly all areas of trade are affected. Very little has escaped the effect of the virus and the range of goods and services includes not only manufactured items such as vehicles and fashion items, spare parts and components and food, but huge areas of human activity especially tourism and travel are in meltdown.
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As governments come together at the UN International Maritime organization(IMO) to consider the next steps to decarbonise shipping, the global maritime industry urges them to proceed with the $5 billion research and development programme. Funded by the industry, the project is aimed at achieving the transformation of the industry away from its dependence on fossil fuels and to seek alternative zero carbon energy sources.
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The rush in 2019 to fit scrubbers in order to avoid the higher fuel costs of the IMO 2020 regulations, is proving to be an expensive tactic in view of the dramatic drop in oil prices. Largely due to the impact of the Covid 19 pandemic, causing the virtual collapse of the aviation industry, cut back on road journeys, the predicted $600 per tonne difference between low sulphur compliant fuel and heavy fuel oil, as all but evaporated with costs per tonne at around $300.
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During the last few months, due to the Covid 19 impact on world trade, the emphasis has been on shipping operations, fleets and container equipment availability. However, many ports which have in the past acquired an unjust reputation for slow reaction to change, are employing a wide range of advanced technical solutions for extra efficiency, security and environmental control.
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With the increasing global awareness of the effects of climate change, the search for new technologies which can increase efficiency, reduce costs plus carbon free fuels has intensified. The introduction of the IMO 20 light fuel has had a mixed response throughout the shipping industry and the race is accelerating to find a replacement for fossil fuels.
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Bimco, the world largest shipping Association, announces the adoption of the industry’s first ship sale and leaseback stand. Transactions have seen a substantial increase in recent years as an alternative method of ship financing, and BIMCO has adopted a new term sheet which will facilitate the negotiation of sale and leaseback deals and make the process cheaper for parties involved.
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In recent years there has been a noticeable increase in interest in less-than-containerload shipping. Currently, this increase is particularly related to the coronavirus pandemic. Only a month after the crisis had begun, container shipping capacity tightened.
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Since the start of the third quarter, the number of over 4000 teu plus ships for hire has dropped quickly. A number of regional operators in the Middle East and Indian subcontinent, picked up smaller units for deployment on intra-regional routes. The container ship time charter markets have experienced extreme ups and downs since January 2020.
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In order for the economy to function better it is necessary for transport to go through phases of development and modernization. The goal is to make transportation punctual and cost-effective. Still, it’s not as easy as it sounds. Today we are talking about which transport of goods is better air or water transport?
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Thomas Bagge, of the Digital Container Shipping Association, has for some time been attempting to introduce to create a digitally interconnected industry, thus providing customers with seamless, easy to use services. The association’s aim is to drive and develop technology standards and frameworks.
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According to London based shipping consultants Drewry, reliability is considered extremely low, thanks to the massive withdrawal of capacity since the start of the Covid 19 pandemic with 468 blank departures on East- West trades.
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Four years ago, Lu Yingji of the Far East Land Bridge, an international freight forwarding company, said to the Forbes reporter that their ultimate goal is to have one train per day delivering cargo to Europe – from a single city in China (Suzhou).
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The slowing of blanked sailings shows signs that the operators may think they have now removed sufficient capacity from the market. The level of blank sailings especially on east to west trades and it and some of the previously blanked sailings are being reactivated, according to SEA -INTELLIGENCE.
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More than 120 container ships which have been idle throughout the world lockdown, were reactivated towards the end of June. The consultant Alphaliner reported that at the beginning of July that the entire inactive fleet of 375 ships with a capacity of 1.8 5M teu, was down from the 453 ships for 2.3 2M teu reported just two weeks earlier.
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Predictions for the third quartal indicate that imports of this international trade will continue to rise and reach even higher numbers…
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As mentioned before transport has been severely impacted and challenged by this pandemic. It was tough to maintain sea freight prices, but things are looking at least stable if not better at this very moment.
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In the last several years, the economic scene globally was shaken and concerned by subjects like climate change, new shipping conditions and unsteady market. Noone expected and prepared for a global pandemic caused by an unknown virus – Covid19. The Coronavirus caused complete havoc on the world’s trading scene as well.
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The global corona pandemic caused unexpected challenges in both the world health scene and the business organization itself. This situation has reflected seriously on the local, regional, and world market. A large number of companies globally have failed to stabilize themselves since January this year.
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Many services have been affected by the coronavirus pandemic with hire falling by as much as 50%. However, it appears that carriers are starting to slowly resume some services. According to a spokesman for Alphaliner, an open 8500 teu vessel is getting a daily higher rate of $13,000 compared with $18,000 in May and there are examples of some operators agreeing to $10,000.
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Declining long-term contract rates on major tradelanes may worry ocean carriers, but the bullish short-term market is proving the “silver lining” that could shift their focus towards the spot market. Indeed, some carriers are suggesting that the future of large-scale annual volume contracts may be limited to a ‘new normal’ of rolling three-month deals, renegotiated in the light of increasingly volatile market changes.
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When it comes to transport, companies such as ours that offer freight solutions had a rough time in the first two quarters. But, Q3 seems promising. As the world is out of quarantine and shipping starts working like a well-oiled machine, we think that we’re in an excellent place to provide everything our potential clients may need.
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From the start of the year, the whole world has been facing a situation it hasn’t encountered before. The Coronavirus has spread everywhere, and there isn’t a business or an individual that isn’t affected by it. Many experts say that this is the biggest crisis that the world has met since WW2 regarding the shake of the worldwide economy.
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At the start of this year, nobody foresaw a global virus outbreak. Everything we believed we knew about the world’s business scene seems very distant from this point of view. Today, we are facing enormous challenges, particularly small business owners and shipping companies.
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It would be easy to assume, in the current circumstances, that the US – China trade conflict is likely to seriously damage the position and status of Hong Kong as a major business centre and transshipment port for Chinese trade. With the ever worsening relationship between the two countries, the tension is rising with little prospect of improvement.
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The easing of European lockdown is helping container freight gradually recover and move towards recovery.
So far this year, demand for manufactured goods has faded away, to be replaced by online purchasing which is mostly delivered by air. Therefore, the re-opening of a limited number of retail outlets, with more expected in the coming weeks, has resulted in a surge in demand by the public.
“Seafarers are unsung heroes who everyday throughout this COVID-19 crisis are going above and beyond the call of duty to ensure that countries are kept supplied with the goods they need. We are working with the airlines to come forward with solutions. We now need governments to support our seafarers and facilitate safe passage for them to get home to loved ones and be replaced by crew members ready to keep supply chains open,” said ICS Secretary General, Guy Platten.
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Looking back over the last 30 years at the development of global trade, cracks were already beginning to show after the financial crash of 2008/9 followed in recent times by the trade war between the USA and China . The current pandemic with its lockdown, social distancing and closed borders, has dealt a yet a further severe blow to globalised world trade.
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Despite the gloomy and worrying state of international trade under the COVID 19 yoke, the shipping industry witnessed, on April 23, the launch in Korea, of the biggest container ship of all time, namely the 24000 TEU HMM Algeciras. The high-tech vessel is some 400 m long, 60 m wide and 70 m high, weighing 215,000 tons gross and is designated as an Ultra large Container Vessel ( ULCV).
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Communication is crucial to the shipping industry, just like any industry. Sometimes, the written word is not enough and there is a need for a meeting to happen.
Whether it’s negotiating a quote or a simple informative conversation, talking in person can be much more effective than written communication.
Whilst shipowners are always searching for ways of improving efficiency and cost saving, the current coronavirus pandemic with its heavy financial losses, has accelerated the search. One of the areas under investigation is improving methods of restricting the biofouling on a ship’s hull, which causes increased drag leading to higher fuel consumption.
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Although most customers typically will not notice any change in their ability to purchase goods and receive shipments from digital or brick-and-mortar suppliers, they should be aware that the shipping industry is working hard to keep business as usual in the light of the outbreak of Coronavirus virus (COVID-19).
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The spread of coronavirus, COVID19 has clearly impacted on the entire world, with no country unaffected. But in order to keep the supply chains for food, medical and other daily essentials moving, the transport and logistics industry is working flat out. Whilst the airfreight operators are using existing freighter aircraft and converted passenger equipment to fulfil their part of the supply chain, ocean freight is still doing its best to maintain regular deliveries. The health and safety of ships’ crews is becoming a vital element in maintaining operations.
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China is back in business with the majority of its manufacturers working in some capacity. However, this regeneration after the impact of Covid 19, faces a new set of challenges.
Supply of raw materials and the shortage of skilled labour are pushing manufacturers to resort to new and sometimes untested suppliers which in turn may affect production quality.
One of the surprise results of the coronavirus disaster has been the dramatic fall in scrubber installations.
Carrier operators are considering the liability of scrubber retrofits in the light of several factors.
The serious delays at Chinese shipyards has left many vessels lying idle coupled with the slump in oil prices.
As more industries introduce hi-technology solutions for a wide range of situations, the shipping industry is also adopting various technologies, including robotics for different purposes.
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It is now universally recognised that the entire world has been severely impacted by the coronavirus and nearly all areas of trade are affected.
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NVOCC stands for Non-Vessel Operating Common Carrier. This indicates that they are an ocean carrier with no ships. They lease space at a special price from ocean carriers and sell the spaces to their clients.
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At the moment we are preparing LCL loading Qingdao, China on 6th and 13th of March and unloading 15th and 22nd of April in Genoa
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NVOCC stands for Non-Vessel Operating Common Carrier. This indicates that they are an ocean carrier with no ships. They lease space at a special price from ocean carriers and sell the spaces to their clients.
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In order to get comprehensive information and the complete quote on your potential shipment communication is key. Getting all the necessary information from the shipping company is crucial when choosing your freight forwarder.
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The year has started with a number of events which are causing concerns within the entire transport industry including ocean shipping.
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Seafreight consolidation services from and to Port of GENOA and BASEL every week with NLINE shipping – your neutral partner.
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Depending on your destination, you can choose from several carriers operating from China. If you have substantial volumes, encouraging competition among the shipping lines will most likely get you a competitive cost to consider.
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Few more days left to CUT-OFF date for LCL loading Ningbo, China on 8h of February and unloading in Genoa 15th of March. We are loading the same origin on the 16th of February and unloading in Basel, Switzerland on 30th of March.
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Depending on your destination, you can choose from several carriers operating from China. If you have substantial volumes, encouraging competition among the shipping lines will most likely get you a competitive cost to consider.
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The rush to retrofit ships with scrubbers in readiness for the new I MO 2020 regulations has caused considerable waiting times at.
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Transporting goods from one location to another can always be subject to different kinds of risk.
Damage and/or complete loss of cargo is always a possibility in shipping. Load insurance offers a way to protect cargo from many possible accidents.
The shipping and freight industry is full to the brim with jargon like any other industry. In order to help you understand your shipping partner, we have collected the most common terms used in the shipping industry.
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The rush to retrofit ships with scrubbers in readiness for the new I MO 2020 regulations has caused considerable waiting times at.
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In today’s liner shipping market, many pain points could be addressed through a capability to flexibly buy or sell ocean freight services in advance, using a neutral, global platform.
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4 more days left to the CUT-OFF date for LCL loading SHANGHAI, China on 20th of December and unloading in Genoa, Italy on 26th and Basel, Switzerland on 31th of January 2020.
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While 20ft containers are designed to carry heavy cargo such as machinery, 40ft shipping containers are mostly used for the transport of consumer goods like; furniture, cotton, electronics, etc. which take up a lot of space but are lighter.
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8 more days left to CUT-OFF date for LCL loading Shenzhen, China on 19th of December and unloading in Genoa, Italy on 19th and Basel, Switzerland on 24th of January 2020.
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A few more days left to CUT-OFF date for LCL loading HONK KONG, China on 18th of December and unloading in Genoa, Italy on 19th of January 2020. Sea freight consolidation services from and to Port of GENOA every week with NLINE shipping – your neutral NVOCC partner.
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While 20ft containers are designed to carry heavy cargo such as machinery, 40ft shipping containers are mostly used for the transport of consumer goods like; furniture, cotton, electronics, etc. which take up a lot of space but are lighter.
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Few more days left to the CUT-OFF date for LCL loading Ningbo, China on 8thof December and unloading in Genoa 14th of January. We have next one loading Ningbo on the 15th of December if you can’t make it to the cut-off date.
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SHANGHAI, China LCL to GENOA, Italy loading on 5th and 20th of December, and unloading on 12th and 26th of January. ! 31 days transit time ! Seafreight consolidation services from China to Port of GENOA.
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Containers are one of the most important parts of the shipping industry. Such containers are the devices that store various types of goods that need to be shipped from one part of the world to another. Moving containers protect the shipped cargo, and they ensure it arrives safely to the destination.
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A few more days left to CUT-OFF date for LCL loading HONK KONG, China on 4th, 11th and 18th of December and unloading in Genoa, Italy on 5th, 12th and 19th of January 2020.
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The shipping industry is facing financial problems with fading margins together with increasing costs. One of the factors that is causing revenue deficit is the failure to deal effectively with no-shows which are becoming more frequent.
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HONK KONG, China LCL to GENOA, Italy and BASEL, SWITZERLAND loading on 22th of November – unloading Genoa on 22nd of December and Basel on 29th of December.
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A neverending debate in the world of shipping is which is better, ocean freighting or shipping by plane? There is no universal answer to this debate, many factors affect the final decision.
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SHANGHAI, China LCL to GENOA, Italy and BASEL, SWITZERLAND loading on 24th of November – unloading Genoa on 30th of December and Basel on 6th of January.
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5 more days left to CUT-OFF date for LCL loading Shenzhen, China on 16th of November and unloading in Genoa, Italy on 17th and Basel, Switzerland
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Airfreight vs sea freight vs railway transport Despite a relatively flat world economy, all different modes of transport are trying
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QINGDAO, China LCL to GENOA and BASEL, loading on 14th and 22th of November.
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11 days left to CUT-OFF date for LCL loading Honk Kong, China on 15th of November and unloading in Genoa 15th of December.
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As the planet becomes warmer, sea levels rise and more and more voices are raised against polluters. Demonstrations around the
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9 more days we are loading LCL from Shanghai, China to GENOA, Italy – unloading Genoa 18.12.2019.
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Few more days left to the CUT-OFF date for LCL loading Ningbo, China on 5th of November and unloading in Genoa middle of December.
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Here are 5 strategies that you can adopt.. Tip #5 Another incentive you can offer the carrier in exchange for
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2 more days we are loading LCL to GENOA, Italy! Seafreight consolidation services from China to Port of GENOA every week with NLINE
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LCL to Italy that is coming end of November from Hong Kong. Seafreight consolidation services from and to Port of GENOA.
Read moreIn sea freight technology the ecosystem is not yet there, although multiple parties line NLINE follow technology development from day
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9 days and we are loading to LCL to GENOA, Italy! Seafreight consolidation services exChina to Port of GENOA every week with NLINE shipping
Read more10 days left to CUT-OFF time for LCL to Italy on 26.11. Seafreight consolidation services from SHANGHAI to Port of
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Are you using the best international trade term for your exports?
Read moreIt is our utmost honor and pleasure to announce that NLINE Shipping is expanding its network to the Italian market.
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