The composite index decreased 0.3% this week, but increased by 12.8% when compared with same period of 2018. The Index, a composite of container freight rates on 8 major routes to/from the US, Europe and Asia is down 0.3% to $1,330.29 per 40ft container, as of 18 April.
The Northwest Seaport Alliance, a marine cargo operating partnership of the US ports of Tacoma and Seattle, handled a record of 775,522 TEUs for total international container volumes in the first quarter of 2019, a 12% increase over the same period last year.
ABS is cooperating with CINS members over the past six months to develop best stowage strategy guidelines. After a three-month trial, the best practice guidelines will be published. The collaboration gathers key industry stakeholders to examine the challenges and risks container ship owners and operators face when stowing dangerous goods.
German seaports handled 304.7 million tons of seaborne goods during 2018. This is an increase of 1.7%, in comparison to 2017, as the German Federal Statistical Office (Destatis) announced in the beginning of this week. In addition, the number of goods which German seaports received from other ports rose by 2%. Moreover, the shipping of goods from German seaports over the world’s oceans grew slightly by 1.8%.
A.P. Moller – Maersk, Hapag-Lloyd, MSC and Ocean Network Express have established the Digital Container Shipping Association in the Netherlands, after gaining regulatory approval from the Federal Maritime Commission in March. Thomas Bagge is the CEO and statutory director of the DCSA. The association has already started working on enhancing standardization, digitalization and interoperability.
The Port of Oakland reported a positive first quarter, as the March container volumes increased by 10% in comparison to same month last year. This rise can be attributed to the fact that shippers are trying to get ahead of potential new tariffs in the US-China trade war. Until the end of March, the Port handled 612,151 TEUs, compared to 587,356 TEUs during the same period in 2018. This is a 4.2% increase.
China had six of the world’s 10 largest container ports in 2018, stretching from its north to the south. This is the result of China’s 1 trillion yuans investment since 2012, aiming to enhance the facilities in the country’s ports. What is more, China’s external trade, including both imports and exports, increased to US$4.55 trillion last year, which marks a rise of around ten times since joining the WTO.
The US Federal Maritime Commission (FMC) will continue paying attention on the way that ocean carriers pass on additional fuels costs that have occurred due to IMO’s 2020 sulphur cap. The regulation could increase fuel costs by as much as one third. FMC is mainly aiming to make sure that ocean carrier bunker charge adjustment formulas are clear and definite, FMC Chairman Michael Khouri informed.
Nigeria is creating a new deep-sea port and is also considering building two new facilities to ease congestion in its key harbours of the commercial capital, Lagos. Lagos’s harbours currently handle around 80% of all shipping traffic in Nigeria. The ports of Lagos are a hub for cargo sailing transiting through Nigeria, but inefficiency and congested roads to the ports create daily queues of hundreds of trucks.
The level of satisfaction regarding container carriers among exporters, importers, and freight forwarders reduces marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council. 249 shippers and forwarders who participated in the survey rated the service of container shipping lines with a score of 3.1 on average on a scale of 1 to 5.
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