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321,500 TEU EXTRA

MSC has significantly strengthened its position as the world’s largest container shipping company in 2022, according to an overview by the French ship data collector Alphaliner. The Swiss-Italian shipping company added 321,500 teu (+7.5%) to its container fleet, considerably more than the competition.

321,500 TEU EXTRA

MSC has significantly strengthened its position as the world’s largest container shipping company in 2022, according to an overview by the French ship data collector Alphaliner. The Swiss-Italian shipping company added 321,500 teu (+7.5%) to its container fleet, considerably more than the competition.

The South Korean state-controlled Korea Development Bank wants to sell its 20.7% stake in container shipping company HMM, the South Korean press has reported.

The South Korean state-controlled Korea Development Bank wants to sell its 20.7% stake in container shipping company HMM, the South Korean press has reported.

BACK TO NORMAL?

Spot rates in container liner shipping are now falling even faster, especially between Asia and Europe. The average Shanghai-Rotterdam rate is down 15% compared to a week ago in consultant Drewry’s World Container Index, which was updated on Thursday.

BACK TO NORMAL?

Spot rates in container liner shipping are now falling even faster, especially between Asia and Europe. The average Shanghai-Rotterdam rate is down 15% compared to a week ago in consultant Drewry’s World Container Index, which was updated on Thursday.

BIPARTISAN INFRASTRUCTURE LAW

The Biden-Harris government announces that it will invest $703 million in improving port infrastructure. The amount will be invested in, among other things, the construction of railways and roads and the electrification of port equipment.

BIPARTISAN INFRASTRUCTURE LAW

The Biden-Harris government announces that it will invest $703 million in improving port infrastructure. The amount will be invested in, among other things, the construction of railways and roads and the electrification of port equipment.

After it sold two supertankers earlier this week, Euronav is now also reporting the sale of the Suezmax Cap Philippe. Built in 2006, this tanker has a deadweight of 158,920 tons. The sale will generate an accounting capital gain of USD 12.9 million for the shipping company.

After it sold two supertankers earlier this week, Euronav is now also reporting the sale of the Suezmax Cap Philippe. Built in 2006, this tanker has a deadweight of 158,920 tons. The sale will generate an accounting capital gain of USD 12.9 million for the shipping company.

ALTERNATIVE AFTER ATTACK

The Russian transport ministry has set up a ferry service across the four-kilometre-wide Kerch Strait between Russia and Crimea as an alternative to the Crimean Bridge, which was badly damaged in an attack on Saturday.

ALTERNATIVE AFTER ATTACK

The Russian transport ministry has set up a ferry service across the four-kilometre-wide Kerch Strait between Russia and Crimea as an alternative to the Crimean Bridge, which was badly damaged in an attack on Saturday.

INDEX 33% LOWER

After the spot rates, the charter prices in container shipping also seem to have entered a free fall. This can be deduced from a report by the German ship broker Harper Petersen. Its Harpex index, which tracks price formation in the charter market for container ships, has fallen by no less than 17% in the past week. Compared to the highest level ever in April this year, the weekly index is now 33% lower at 3095 points. That is the lowest level in more than a year.

INDEX 33% LOWER

After the spot rates, the charter prices in container shipping also seem to have entered a free fall. This can be deduced from a report by the German ship broker Harper Petersen. Its Harpex index, which tracks price formation in the charter market for container ships, has fallen by no less than 17% in the past week. Compared to the highest level ever in April this year, the weekly index is now 33% lower at 3095 points. That is the lowest level in more than a year.

SHORTSEA

The tanker shipping companies Furetank (Sweden) and Algoma Central (Canada) are jointly setting up the FureBear joint venture with the aim of bringing four new ‘climate-friendly’ product tankers into service in Northern European shortsea traffic.

SHORTSEA

The tanker shipping companies Furetank (Sweden) and Algoma Central (Canada) are jointly setting up the FureBear joint venture with the aim of bringing four new ‘climate-friendly’ product tankers into service in Northern European shortsea traffic.

GRAIN EXPORT

The cargo ship Razoni, loaded with about 26,000 tons of maize from Ukraine, will not arrive in Istanbul until the night from Tuesday to Wednesday, according to the Turkish Defence Ministry. Minister Hulusi Akar initially spoke of an arrival on Tuesday afternoon at 2 pm. The ship is expected to be inspected Wednesday morning.

GRAIN EXPORT

The cargo ship Razoni, loaded with about 26,000 tons of maize from Ukraine, will not arrive in Istanbul until the night from Tuesday to Wednesday, according to the Turkish Defence Ministry. Minister Hulusi Akar initially spoke of an arrival on Tuesday afternoon at 2 pm. The ship is expected to be inspected Wednesday morning.

Scottish freight forwarder and shipping agent KC Group Shipping has set up a container shipping service between China and Scotland, the company’s first direct China-Scotland service in history, to help shippers avoid any congestion in the port of Rotterdam.

Scottish freight forwarder and shipping agent KC Group Shipping has set up a container shipping service between China and Scotland, the company’s first direct China-Scotland service in history, to help shippers avoid any congestion in the port of Rotterdam.

NOT BY SHIP CREWS

Seafarers should not be forced to help lash the cargo of their ships. This is apparent from a decision of the Rotterdam District Court. This stipulated that a collective labor agreement that lashing, securing the cargo on the ships, may only be performed by qualified port personnel.

NOT BY SHIP CREWS

Seafarers should not be forced to help lash the cargo of their ships. This is apparent from a decision of the Rotterdam District Court. This stipulated that a collective labor agreement that lashing, securing the cargo on the ships, may only be performed by qualified port personnel.

The disaster with a falling tank container full of chlorine on a cargo ship in the port of Aqaba, Jordan, which left at least 13 people dead and hundreds injured on Monday, was the result of a burst cable. A board member of the Port Authority of Aqaba told local media this.

The disaster with a falling tank container full of chlorine on a cargo ship in the port of Aqaba, Jordan, which left at least 13 people dead and hundreds injured on Monday, was the result of a burst cable. A board member of the Port Authority of Aqaba told local media this.

WARNING STRIKE

Last Thursday evening, the dock workers in Bremen and Hamburg, among others, laid down their work for a few hours to reinforce wage negotiations in the German seaports. The result: traffic jams in Germany, and therefore also in Antwerp and Rotterdam.

 

WARNING STRIKE

Last Thursday evening, the dock workers in Bremen and Hamburg, among others, laid down their work for a few hours to reinforce wage negotiations in the German seaports. The result: traffic jams in Germany, and therefore also in Antwerp and Rotterdam.

 

CABOTAGE

Maersk became the first international container shipping company to carry out domestic shipments in China. The container ship ‘Merete Maersk’ brought 27 containers from Vancouver (Canada) from Shanghai’s Yangshan terminal to Tianjin, the maritime gateway to the capital Beijing.

CABOTAGE

Maersk became the first international container shipping company to carry out domestic shipments in China. The container ship ‘Merete Maersk’ brought 27 containers from Vancouver (Canada) from Shanghai’s Yangshan terminal to Tianjin, the maritime gateway to the capital Beijing.

QUARTERLY FIGURES

Hapag-Lloyd made $4.7 billion in profit in the first three months of this year, half a billion more than last year. The shipping company owes this to ‘a much higher average freight price’, which at USD 2774 per TEU was more than 80% above the level of a year ago. Revenue rose by $1 billion to $9 billion. That means that the Germans made a net profit of 52 cents for every dollar of turnover.

QUARTERLY FIGURES

Hapag-Lloyd made $4.7 billion in profit in the first three months of this year, half a billion more than last year. The shipping company owes this to ‘a much higher average freight price’, which at USD 2774 per TEU was more than 80% above the level of a year ago. Revenue rose by $1 billion to $9 billion. That means that the Germans made a net profit of 52 cents for every dollar of turnover.

The Suez Canal took in a record $629 million in toll revenue in April this year. This is reported by Reuters news agency. According to Suez Canal Authority (SCA) chairman and chief executive Osama Rabie, the number of oil tankers passing through the nearly 200-kilometer canal increased by nearly 30%. The numbers of LNG tankers and container ships also increased sharply, by 12% and 9% respectively.

The Suez Canal took in a record $629 million in toll revenue in April this year. This is reported by Reuters news agency. According to Suez Canal Authority (SCA) chairman and chief executive Osama Rabie, the number of oil tankers passing through the nearly 200-kilometer canal increased by nearly 30%. The numbers of LNG tankers and container ships also increased sharply, by 12% and 9% respectively.

Greek authorities have seized a Russian oil tanker off the island of Evia. New European Union sanctions over the war in Ukraine have banned ports in Member States from allowing ships flying the Russian flag to enter.

Greek authorities have seized a Russian oil tanker off the island of Evia. New European Union sanctions over the war in Ukraine have banned ports in Member States from allowing ships flying the Russian flag to enter.

The major shortage of air freight capacity will continue to exist in the coming years and will dominate prices. That is the opinion of Kuehne + Nagel’s highest air freight chief, Yngve Ruud.

The major shortage of air freight capacity will continue to exist in the coming years and will dominate prices. That is the opinion of Kuehne + Nagel’s highest air freight chief, Yngve Ruud.

Theft from the diesel tanks of trucks and vehicles is increasing due to the extremely high diesel prices. We are talking about 50 cases in the first 2 months of this year alone. The diesel tank is getting emptied at night or during the weekend by criminals. The trade association says it is receiving more and more signals from drivers.

Theft from the diesel tanks of trucks and vehicles is increasing due to the extremely high diesel prices. We are talking about 50 cases in the first 2 months of this year alone. The diesel tank is getting emptied at night or during the weekend by criminals. The trade association says it is receiving more and more signals from drivers.

The Singaporean container carrier Ocean Network Express (ONE) no longer transports goods to and from Russia for the time being. The company announced Monday that it would first look at how it can avoid violating sanctions against Russia.

The Singaporean container carrier Ocean Network Express (ONE) no longer transports goods to and from Russia for the time being. The company announced Monday that it would first look at how it can avoid violating sanctions against Russia.

Blue water shipping is going to expand its footprint in Australia, this is because the growing demand for logistics services and transport of Australian industries. As a result new office has been opened in Darwin, Northern Territory. Jeff De La Pair will be the head of the Darwin office and works in close cooperation with the other Blue Water offices.

Blue water shipping is going to expand its footprint in Australia, this is because the growing demand for logistics services and transport of Australian industries. As a result new office has been opened in Darwin, Northern Territory. Jeff De La Pair will be the head of the Darwin office and works in close cooperation with the other Blue Water offices.

Normally the ports of the Netherlands and Flanders are competitors, but now the ports explore how they can work together and strengthen their ties. During the Flemish-Dutch Port Day event on Thursday, June 30, the focus will be on what the ports have in common. The event takes place at the New Luxor Theatre in Rotterdam.

Normally the ports of the Netherlands and Flanders are competitors, but now the ports explore how they can work together and strengthen their ties. During the Flemish-Dutch Port Day event on Thursday, June 30, the focus will be on what the ports have in common. The event takes place at the New Luxor Theatre in Rotterdam.

The harbour master division of the port of Rotterdam has endured the second corona year well. They are responsible for the smooth and safe handling and compliance with shipping traffic and port security law. Fortunately, the continuity of services has not been jeopardized by the pandemic.

The harbour master division of the port of Rotterdam has endured the second corona year well. They are responsible for the smooth and safe handling and compliance with shipping traffic and port security law. Fortunately, the continuity of services has not been jeopardized by the pandemic.

The enduring disruption to the global sypply chain made that many businesses and industries around the world came under pressure, making products and services more expensive than ever before. Yet, the strain is not felt by everyone. Many shippings agents saw their profits rise exponentially during the last year. 

The lingering disruption to the global supply chain has proved a severe strain on business and industry around the world. However, not everyone has been affected in a bad way. Many shipping agents are reporting record profits and all those containers piled up on the quaysides need to be paid for.

We have been looking into the global container shipping supply & demand outlook lately and here are our predictions.

 

We have been looking into the global container shipping supply & demand outlook lately and here are our predictions.

 

The rise in freight rates outpaced the expectations in the first 3 quarters of 2021 and so does the longevity of the supply chain disruption.

The rise in freight rates outpaced the expectations in the first 3 quarters of 2021 and so does the longevity of the supply chain disruption.

Based on the freight rate development of the first 3 quarters of this year many top 10 Shipping Lines are now predicting even higher results for the remainder of this year.

Based on the freight rate development of the first 3 quarters of this year many top 10 Shipping Lines are now predicting even higher results for the remainder of this year.

East West Intermodal: Your partner supplying you with the best quality sea containers

At East West Intermodal our mission is to provide you with the best quality sea containers perfectly suitable for your business.

East West Intermodal: Your partner supplying you with the best quality sea containers

At East West Intermodal our mission is to provide you with the best quality sea containers perfectly suitable for your business.