News by Reid
Air, air freight forwarding, Freight Forwarders in California, Global Logistics, Freight forwarding, International Shipping
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Below, you will find a couple of articles put out by JOC, which have relevence for what might be an indicator of our international trades.
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Ship Schedule Reliability Fell 6 Percentage Points in August
Container ships reached their destination ports around the world on time 77 percent of the time in August,a drop of 6 percentage points from July, when global schedule reliability peaked at 83 percent, according to the latest Global Liner Performance Report from SeaIntel Maritime Analysis.
The August decline in on-time port deliveries across more than 10.000 vessel arrivals came after several months of improvements in schedule reliability.
This decline was also seen in the delivery of the individual containers to their ultimate destinations, which SeaIntel tracks in partnership with INTTRA. The global on-time delivery of containers fell to 64 percent from 68 percent in July.
This decline in on-time delivery in August was less severe than for vessel schedule reliability, indicating that some of the gains seen in container delivery had been because of factors other than the timeliness of the vessels, the report said.
The sharp reduction in vessel schedule reliability was due to poor weather conditions, port issues and the phasing-in of super slow-steaming on the main back-haul trades, the report said.
The declines were not confined to individual carriers — all of the top 20 global carriers saw lower vessel reliability in August.
There were significant differences across individual trade lanes.
The backhaul trade from Europe to Asia as well as the trans-Pacific trade saw significant performance reductions.
By contrast, performance actually improved in August in some trades, such as the head-haul trade from Asia to the Me
World Container Index Slips 3 Percent
The World Container Index comprehensive reading for Sept. 21 was down 3 percent or $66.03 from the week before, to $2,137.54 per laden 40-foot container, the World Container Index reported.
WCI spot prices in the trade from Rotterdam to New York fell $132 or 5 percent from the week before to $2,527 per laden 40-foot container.
The WCI spot rates from New York to Rotterdam declined $72 or 3.4 percent from the previous week to $2,030 per laden 40-foot container.
The Shanghai to Rotterdam WCI spot prices also fell, down $133 or 5.6 percent from the previous week, to $2,263 per laden 40-foot container.
In contrast, the WCI spot prices from Los Angeles to Shanghai have remained unchanged — at $846 — for the fourth consecutive week.
The World Container Index produces the WCI comprehensive index weekly, based on 11 component trade lanes.
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