By Gavin van Marle
Container freight rates on the main east-west trade routes rebounded the last week of October after nearly two months of continual decline. Carriers had announced new freight all kinds (FAK) prices and general rate increases (GRIs) to come into effect next week. According to Shanghai Containerised Freight Index (SCFI) of October 27, the spot rate on the China-North Europe trade jumped 9.3 per cent, rising $63 to reach $744 per TEU.
By Mike Wackett
Recent forecasts from ocean carriers that a supply-demand equilibrium will be reached next year are “optimistic”, says Alphaliner. It says newbuild deliveries with 1.6 million TEUs of cellular capacity will aggravate a supply overhang that is expected to be carried over from the fourth quarter of this year.
Alphaliner’s current idle containership survey records a two-year low of 147 vessels, with a capacity of 275,897 TEUs in lay-up, but it warned that the number would soar in the final three months of the year, with idle fleet capacity rising to 800,000 TEUs. “The total global fleet will grow by over 300,000 TEUs over the next three months from new vessel deliveries, even after adjusting for projected vessel scrapping, and this will further add to the supply side pressure,” said Alphaliner.
By Sam Whelan, Asia correspondent
Daikin Reefer has invented new “active” controlled atmosphere (CA) technology it claims will revolutionize refrigerated shipping, allowing container lines to launch a fresh charge against air freight in the battle for perishable cargo.
According to Ah Huat Goh, General Manager, Global Marketing and Service, reefer container department at Daikin, the technology represents a significant advancement over the “passive” solutions on the market. “Active CA will open up more commodities to shipping lines because it’s more reliable and can reduce oxygen more precisely than passive technology,” he told The Coolstar.
By Mike Wackett
Container lines will “accelerate their assault” on the seaborne reefer market, but their aspirations could result in equipment shortages, according to Drewry.
In its latest edition of the Reefer Shipping Market Review and Forecast, the shipping consultant predicts that, by 2021, the perishable reefer cargo modal split will have increased to around 85 per cent carried on containerships, compared with 79 per cent in 2016. Thus, Drewry estimates that dedicated reefer vessels will see their percentage of the market shrink from 21 per cent last year to 15 per cent by 2021 – not least due to a continually reducing global fleet.
Windsor Port Authority was recently honoured at the Awards Luncheon of the Annual Conference of the Association of American Port Authorities (AAPA) held in Long Beach, California. AAPA is an alliance representing more than 130 Port Authorities in Canada, the Caribbean, Latin America and the United States. The Award of Merit was granted to Windsor Port Authority within the Communications Category for its community initiative “Windsor Port Authority Outreach Campaign with Olde Sandwich Towne”.