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Latest industry related news items

Colombo port congestion: 50,000 teus logjam drives delays and rate hikes

02/12/20

A backlog of 50,000 teus at the port of Colombo is causing chaos for South Asian transhipment cargo. The capital of Sri Lanka has been under a Covid-lockdown for the past couple of weeks, while a labour shortage at the city’s container terminals has caused congestion since early October.

UK lags behind in Europe's 'two-speed' ocean logistics market

02/12/20

Europe has become a ‘two-speed’ ocean logistics market with continental Europe managing heavy fourth quarter import flows far better than the UK, according to Christoph Baumeister, Trade Manager Far East-Europe, at Flexport.

Container shortages the biggest disrupter: where are all the empty boxes?

02/12/20

Some container vessels have been sailing from Asia to Europe under-utilised in recent weeks due to an acute shortage of empty boxes.

UK port congestion means boxes may be stranded for weeks – The Load Star

25/11/20

‘UK container imports offloaded at Antwerp, Rotterdam and Zeebrugge could be stranded for weeks before they can be relayed back, potentially missing out on the Christmas market.

Container volume at major Chinese ports up 7% in late October

18/11/20

The container volume at the eight major Chinese ports increased 7% year-on-year in late October.

OOCL places orders for another seven 23,000 teus ships

11/11/20

Orient Overseas (International) Limited (OOIL), parent company of the ocean carrier OOCL and part of the China COSCO Group since 2018, on Monday disclosed another set of orders for 23,000+ teus ‘megamax’ container ships.

UK importers scramble to find container haulage as carriers skip congested ports

11/11/20

UK shippers have been hit by a further series of container shipping ad hoc capacity contractions as a number of vessels recently skipped UK port calls or reduced their time at berth.

Cosco confirms more super-sized boxship orders

04/11/20

COSCO Shipping has confirmed orders for seven 23,000 teu containerships worth $1.1bn in total.