
Shippers consider availability of container space most important
Availability of cargo space is now seen by shippers and forwarders as the most important criterion of carrier service.
Availability of cargo space is now seen by shippers and forwarders as the most important criterion of carrier service.
Carriers enjoyed a recovery in profitability in 2019, but they could see those gains evaporate if they fail to control costs, above all, their fuel costs.
The outlook for the container shipping market remains soft despite the welcome boost of the ‘phase one’ trade agreement.
One of the major risks is the impact of IMO 2020 on containership supply. There is still no clear guidance on just how much additional cost it will land on the industry.
Smart containers have increased in prominence in a very short space of time and the pace of adoption is expected to accelerate over the next five years.
The level of satisfaction concerning container carriers among exporters, importers, and freight forwarders falls marginally, according to the third annual shipper satisfaction survey of Drewry and the European Shippers’ Council.
The container shipping industry is facing an exceptionally high level of uncertainty, particularly from the extra cost associated with IMO 2020 and how much carriers will recover from shippers.
Lee Kok Leong, our special correspondent, meets Casey for the first time and finds out that she is a new shipping container starting her first day on the job at a port!
“However, despite being dogged by uncertainty, Drewry is predicting another solid year for the market.”
The JV terminal to open in first half of 2019 and operate four mega container berths with a combined annual handling capacity of 4 million TEUs.
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