Newsletter – November 17, 2020
OCEAN FREIGHT UPDATES
Coalition on demurrage/detention charges seeks intervention from Federal Maritime Commissionfreightwaves.comThe coalition led by the Harbor Trucking Association is looking at two routes to get relief from growing demurrage and detention charges on the key East and West Coast ports. Read more here.
‘Abusive’ ocean carriers driving forwarders to air freight, and rates are risingtheloadstar.com“Hell on the high seas” has triggered a new rise in air freight rates after a period of relative stability, say forwarders.One forwarder called the shipping lines “abusive”, with a strategy that is sending shippers back to air freight. Read more here.
MSC tipped to overtake Maersk at the top of the liner rankingssplash247.comMaersk, the world’s largest containerline for the past quarter century, could soon lose its top spot on the global liner rankings list to its alliance partner, MSC.MSC has been very active in recent weeks in the secondhand tonnage market, and is being widely tipped to be on the cusp of a major order for a 23,000 teu class series. Read more here.
Capacity shortages on Asia-Europe directly due to transpacific trade boomtheloadstar.comThere is growing evidence that capacity restrictions on the Asia-Europe ocean trades, in terms of both vessels and equipment, are a direct result of the transpacific demand boom.According to new research from liner consultancy Sea-Intelligence, recent capacity injections on the transpacific are expected to limit the ability of carriers to bring more slots and containers to the Asia-North Europe trade. Read more here.
India’s container shortage to start easing in Novemberseanews.com.trCONTAINER availability in India is likely to start easing by mid-November because of growth in imports, reports London’s S&P Global Platts.Container volumes at the Port of Mundra recovered from July to September and were 36 per cent higher at 19.4 million tonnes. July to September container volumes at the Port of Mundra were at 1.3 million TEU against 1.2 million TEU a year ago. Read more here.
GROUND AND RAIL FREIGHT UPDATES
Peak season congestion traps truckers for hours at LAX cargo terminalstheloadstar.comThe plight of truckers serving the port complex of Los Angeles/Long Beach has led to calls from industry bodies for a stay on demurrage and detention fees.Now, truckers that call at Los Angeles International Airport (LAX) have similar tales of frustration. Read more here.
CN Update: Mississauga (MISC) Yard Accepting Emptiesciffa.comEffective today at 00:01 ET, CN is again able to accept empty containers at its Mississauga (MISC) yard. The capacity constraints it was experiencing, driven by high inventory levels, had temporarily forced CN to stop accepting empties there.To maintain a safe operating environment, CN asks customers to comply with their empty container yard allocation at MISC.
INTERNATIONAL BUSINESS – GOVERNMENT UPDATES
Trump plans more actions on China in coming weeks to bind Bidenajot.comU.S. President Donald Trump plans several new hard-line moves against China in the remaining weeks of his term, according to a senior administration official, potentially tying the hands of President-elect Joe Biden. Read more here.