For All Type of Marine & General Insurance
www.portwings.in
May 5th - 11th, 2021 Issue
SANCO TRANS LTD
Also undertaking Life and Mediclaim Policies Contact:
K.Sivakumar,
M.Sc, B.L.,
Insurance Advisor
Off: Srinivasa Complex, No.72,/149, Linghi Street, Chennai - 600 001. Ph: 044-25260381 Mob: 9444222056 E-mail: mugavaishiva@gmail.com
Published from Chennai and Circulated among the trade across the country RNI TNENG/2014/59741
Wednesday, May 5, 2021
8 Pages
First Signs Of Improvement In Shipping Reliability And Reduced Delays Chennai
A
Port Wings News Network fter months of reports of delays and bottlenecks as volumes strained the global shipping industry, the worst appears to have passed. According to new data from analytics firm Sea-Intelligence while reliability and delays are still prevalent, there however was a marked improvement in schedule reliability and the first signs of reversing the deteriorating trend for late-arriving vessels. The data is also supported by anecdotal reports at ports around the globe. Sea-Intelligence published issue 116 of its Global Liner Performance (GLP) report, with schedule reliability figures up to and including March 2021. The report covers schedule reliability across 34 different trade lanes and 60-plus carriers. Global schedule reliability showed its first month-over-month improvement reaching just over 40 percent, a nearly six percent improvement from the prior month. That still however means that only four out of every ten containerships arrived in port on schedule. “It seems as if the worst has passed,” said Alan Murphy, CEO, Sea-Intelligence. “That said, there is a long way to go to reach the levels of the previous years, as this was still the lowest schedule reliability for April in the 10 years that we have measured schedule reliability. Versus 2020, it is a sharp gap down 29.9 percentage points.” The average delay for late vessel arrivals also reversed its
deteriorating trend, according to the latest report. The March 2021 figure is 0.79 days lower monthover-month, but it remains higher by 1.42 days versus the year ago. At 6.16 days, late arrivals were still the highest ever for March. “The average delay in the first quarter of 2021 was higher than the File Photo
extraordinary high delays caused by the U.S. West Coast labor dispute in the first quarter of 2015,” said Murphy. “It was also the highest for each month in all months since April 2020.” The Sea-Intelligence report also traces the performance of the major carriers. Only three of the shipping companies, Maersk, Hamburg Süd, and Wan Hai, had better than 40 percent schedule reliability, with nearly all the carriers registering between 30 and 4 percent schedule reliability. Maersk had the highest figure with nearly half of its ships arriving on time. All carriers recorded a monthon-month improvement in schedule reliability, but none recorded a year-over-year improvement in
March 2021. Wan Hai recorded the largest monthly improvement of 17.6 percentage points while HMM recorded the largest year-on-year decline of a staggering decline of 45.4 percentage points, according to Sea-Intelligence. The San Pedro Bay port complex is a good example of the improvements and remaining challenges. The Maritime Exchange of Southern California which overseas movements into and port of the ports of Los Angeles and Long Beach reported yesterday that combined 100 vessels were in the two ports. A total of 23 containerships were in the anchorage with 21 awaiting berths, which is down from the peak of over 60 at the end of January 2021. With nine of the box ships currently waiting for terminal space at the Port of Los Angeles, the average wait time is still reported at 7.7 days, but currently all but one of the vessels has been at anchor between one and four days, with only the Ever Legend waiting 10 days. The major carriers are also continuing to reroute services to avoid congestion. Last year, MSC, for example, announced that it would join other major carriers who have diverted ships away from the southern California ports. MSC’s Santana route starting in mid-May will reroute to Yantian – Shanghai – Tacoma – Yantian, substituting the Pacific Northwest port for Southern California.
`12
Wing 7 Feather 38
FUMIGATION SERVICES PVT LTD
Chennai
L
Port Wings News Network ong-term contracted ocean freight rates are continuing their dizzying ascent, with a 4.1% climb in April leaving container shipping costs up 21.1% year-on-year, with a rise of 23.5% since December 2020. According to the latest market intelligence from Xeneta’s Shipping Index Public Indices report for the long-term contract market, prices escalated across all major global trade corridors in April, with no immediate relief for shippers in sight. On the contrary, the fallout from Ever Given’s Suez Canal blockage has added further pressure to supply chains already stretched by lack of capacity, equipment shortage, port congestion, and the continued ramifications of coronavirus. DOUBLE HIT The Xeneta Shipping Index (XSI®) crowd sources the very latest long-term contracted rates from leading shippers and freight forwarders, utilizing over 280 million data points, with more than 160,000 port-to-port pairings, to deliver real-time rates insights every month. A short-term XSI®, mapping fluctuating short-term rates, launched to the market last week. “It’s been another incredible month, in a unique year, for the container shipping segment,” comments Xeneta CEO Patrik Berglund. “In the US we continue to see severe delays and bottlenecks, with strong demand – driven in part by changing e-commerce habits –
• India’s 1st fumigation company to be accredited with NSPM 12 Standards • Fumigation of wooden packing material as per ISPM 15 standards • Heat treatment for wooden packing material • AFAS accredited fumigation agency (Australian Quarantine) • Phyto Sanitary Certificate Arrangements • Container Fumigation • Ship holds Fumigation • Ware House Fumigation • Disinfestation of Vessels • All Type of Residential & Commercial Pest Control Services
www.fumigationservice.com
Registered Office: No.1, Buddu Street, 3rd Floor, P.B.No. 1846, Chennai - 600 001 For Booking: 4242 7777, 2521 3409, 2522 1241 | booking@fumi.in For PQ Arrangements: 2521 7488, 2224 2175 | pqfumigation@fumi.in For New Enquires: 2522 0626, 2522 5061, 2524 0672 | fumi@fumi.in 37
Mob : 9884085285
Shippers On The Ropes As Long-Term Contract Market Rates Hit Highs
Experts in wooden pallet Fumigation and Heat Treatment
Specifi c Treatm ent For Agr Comm o odities
Authorized Economic Operator
Branches: • Bangalore • Coimbatore • Cochin • Delhi • Guntur • Hyderabad • Kakinada • Mangalore • Mumbai • Tuticorin • Vizag • Mundra • Gandhidham • Salem • Krishnapatnam
driving rate development. Some shippers are reportedly paying double the contracted rates they enjoyed just one year ago. “Meanwhile, in Europe, the Suez Canal incident has created a backlog that has seen ports overwhelmed with cargo, while sailing schedules have suffered a ‘domino effect’ disruption. Here we can expect to see implications stretching well into May, and even June. Furthermore, shippers with cargoes on the affected ships have had initial delays to goods exacerbated by carriers dumping containers wherever they can in a rush to load available empty containers and get back on track. This means a rash of consignments are stranded in the wrong locations with no plans to rescue them. Seen as a whole the situation leaves carriers in a position of supreme strength, essentially able to pick and choose assignments and customers, and does not bode well for shippers desperate for muchneeded rates relief.” UNIVERSAL GAINS There was, Berglund points out, anything but relief in April. All trade corridors on the long-term XSI® showed indicators pointing relentlessly upwards. In Europe the imports benchmark continued towards the stratosphere, climbing by 5.4% month-on-month to end 43% up against April 2020, and a huge 47.7% up since the start of 2021. Exports increased by 2.3%, showing a more modest 7.3% yearon-year gain. Far East imports edged up 0.2%, some 15.7% up against the same period last year, while exports showed more marked improvement – appreciating a further 5.3% month-on-month to stand 43.9% up against April 2020 (39.4% since the beginning of the year). Both US benchmarks also showed positive development, with Contd. on page -2
Follow us in twitter @portwingsnews Visit
www.portwings.in for Latest News
Inside April Exports Yet Again Show... Shipowners And Seafarers... Ever Given Crew Might Be... JNPT Launches Mobile App...
Pg-2 Pg-3 Pg-4 Pg-5
Vessel Position at Terminals and Ports... Pg-6 Latest Customs Exchange Rates... Pg-7 PSA Marine Unveils ONEHANDSHAKE... Pg-7 Hapag-Lloyd Published New... Pg-8
RNI No. TNENG/2014/59741 Postal Registration No. TN/CNIGPO/067/2021-2023 Posted at Pathrika Channel, Egmore, RMS, Chennai-8. Date of Publication - Wednesday, Posted on Wednesday (05.05.2021)