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Container shipping grapples with China ports operational delays | Hellenic Shipping News Worldwide

Container shipping grapples with China ports operational delays Many container shipping companies have been forced to draw contingency plans to mitigate supply chain disruptions stemming from operational delays in China as new COVID-19 related cases emerge in Shenzhen and Guangzhou. While Shenzhen has ports like Yantian and Shekou, Guangzhou houses Nansha port. Yantian International Container Terminals, or YICT, yard density remains elevated with disinfection and quarantine measures being continuously implemented by local authorities to prevent the spread of COVID-19, Maersk said in an advisory on June 8. “We expect continued terminal congestion and vessel delays upwards of 15 days in the coming week,” it said.

Container Premiums: Trans-Pacific spot rates escalate as cargoes pile up | Hellenic Shipping News Worldwide

Shippers have bid trans-Pacific eastbound spot container shipping rates above $15,000/FEU from Asia to the US East Coast as they become increasingly worried about moving cargoes out of rapidly filling Asian warehouses and factories. One major US retailer offered to pay $15,000/FEU for each of 100 containers loading in June to any freight forwarder that .

Container Premiums: Trans-Atlantic shippers hit with new surcharges | Hellenic Shipping News Worldwide

Container Premiums: Trans-Atlantic shippers hit with new surcharges Premium service fees paid on top of base container shipping rates have emerged as a prerequisite for some spot market booking from North Europe to the US East Coast for the first time amid a supply crunch of space and equipment at European ports. While premium surcharges have become a common requirement for carriers to take spot bookings in the trans-Pacific market, supply and demand was more balanced in the trans-Atlantic westbound trade lane before a six-day impasse at the Suez Canal in March disrupted normal service schedules. “Premium service fees are a new feature in the trans-Atlantic with a couple prominent carriers asking $1,000/FEU on top of FAK rates to guarantee equipment and space,” a UK-based shipowner source said. “Demand is strong and supply is very tight.”

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