Newsletter – March 21, 2019
OCEAN FREIGHT UPDATES
Port of Halifax Weekly Dwell by Terminal
The Halifax Port Authority – in partnership with terminal operators Halterm Limited and Ceres Halifax Inc., and CN Rail – have jointly developed weekly dwell by terminal KPIs showing the percentage of containers loaded out to 90% within 72 hours, and to 100% within 96 hours. Average container days-on-dock (DOD) KPIs are also found in our Port Operations Centre.
Asia-Europe transit times set to rise
Network changes being adopted by container lines operating on the Asia-Europe trade will result in record high transit times, according Alphaliner. Read more here.
California ports see steep drop-off in throughput
California’s three major ports — Los Angeles, Long Beach and Oakland — saw significant declines in container traffic during the month of February, as shippers eased off front-loading in the effort to avoid potential tariffs on Chinese goods imposed by the Trump administration. Read more here.
Still no news for cargo owners on retrieval of Yantian Express containers
Shippers with cargo stranded on the fire-stricken Yantian Express are still in the dark on when or where they might be likely to receive their goods. Read more here.
Cosco develops record-breaking 25,000 teu ship design
A Cosco ship design subsidiary has completed designs for a record-breaking 25,000 teu ship. Read more here.
Cosco enters Europe – Canada trades
Cosco, the world’s third’s largest containerline, continues to extend its global reach. The Chinese giant will enter the North Europe – Canada trade next month, co-loading on a weekly service operated jointly by MSC, Hapag-Lloyd and Cosco subsidiary, OOCL. Read more here.
INTERNATIONAL BUSINESS GOVERNMENT UPDATES
Booming cross-border e-commerce driving change in supply chains
The global e-commerce sector grew 18.2% last year, driven by greater volumes of cross-border traffic, according to new research from logistics consultancy Transport Intelligence. Read more here.