India’s main ports at a standstill as imports clog storage and exports dry up

India’s 21-day coronavirus lockdown has caused severe cargo congestion at key ports and container freight stations.
As a result, Maersk, MSC, CMA CGM, Hapag-Lloyd and Cosco have all reportedly omitted calls at Jawaharlal Nehru Port Trust (JNPT) and Mundra Port, where uncollected import cargo is causing the backlog.
According to the Container Freight Stations Association of India (CFSAI), only a fraction of containers are being picked-up by importers.
“With only a fraction of …

The post India’s...

https://theloadstar.com/indias-main-ports-at-a-standstill-as-imports-clog-storage-and-exports-dry-up/

Orders for new ships dry up as demand plunges and yards go into lockdown

Ocean carrier fleet expansion is on hold as the liner industry fights for survival amid Covid-19 lockdowns around the world.
According to BIMCO chief shipping analyst Peter Sand, orders to shipyards have fallen significantly across all shipping sectors and comes on top of an already soft market environment.
“Uncertainty about future environmental regulations, as well as lower demand growth outlook in the coming years had many thinking twice before ordering a new …

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Forwarders switch focus from costly air and ocean to overland Asia-Europe

Substantial price and capacity volatility in air freight and blanked sea freight sailings have pushed attention toward overland routes between Asia and Europe.
InstaFreight, a road specialist, is one forwarder offering trucking services across Eurasia and claims that, with congestion affecting Chinese exports, the delivery times are similar to air – but cheaper and “more stable”.
Depending on the number of drivers and the origin and destination, InstaFreight claims a transit of …

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Carriers could find the cost of blanked sailings adding up to $23 billion

The container shipping industry could lose as much as $23bn this year from reduced demand in the wake of the coronavirus pandemic.
Demand for unitised shipping services is set to nosedive as a result of the economic devastation wrought by large swathes of the world forced into social lockdowns.
Research today from liner analyst SeaIntelligence Consulting reports that the best carriers can hope for this year would be a 10% decline in …

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Covid-19 radar: Do it, DSV – time to lead by example

5 minute read
Covid-19 has had immediate industrial consequences likely carrying long-term effects on our capitalistic society – which may, or may not, have changed forever when we eventually get out of the pandemic.
Hybrid solutions sought
This global health crisis has placed a huge question mark on coordinated policy actions by governments as well as regional and local intervention. The traditional economic models are uniquely challenged by the unlikely adoption of their …

The post Covid-19...

https://theloadstar.com/covid-19-radar-do-it-dsv-time-to-lead-by-example/

Allies dismayed over US handling of global medical supply chain

Forwarders are reporting concerns that shipments of medical supplies may not get through to their intended destination, as countries impound them en route for their own needs. The US has been particularly busy on this front, according to various media reports – so much so, in fact, that the Germans have accused it of “modern piracy”.
Added to this is the fact that it’s now not only governments and states competing …

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Supply chain radar: Toll Group CEO – ‘actioning every possible option with urgency’

On 1 April, Toll Group CEO Thomas Knudsen sent a message to all employees at 5.40pm local time.
Part of it was leaked to the press: In a story headed “Toll Group CEO takes 40% pay cut” (link), The Australian Financial Review (AFR) last week reported that:
“Knudsen, will take a 40% pay cut for the next six months and move some staff to a four-day week, as the logistics group struggles with the loss …

The post Supply chain radar: Toll Group CEO – ‘actioning every possible option with urgency’...

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Carriers cancel low-sulphur surcharges as fuel prices drop – along with demand

Container spot rates from Asia to Europe remained stable this week and, having withdrawn around a third of headhaul capacity for April, carriers will hope they have done enough to match the collapse in demand.
This week’s Shanghai Containerized Freight Index (SCFI) component for North Europe ticked down by 1.8% to $750 per teu, which is 14% higher than the same week of last year.
Then the price of traditional heavy fuel …

The post Carriers cancel low-sulphur surcharges as fuel prices drop –...

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