Source: Market average rates for 40‘ containers according to www.xeneta.com
Trade Analysis: Transatlantic Westbound
Situation
The collapse of the Francis Scott Key Bridge in Baltimore will obviously cause more problems, as cargo redistributed to Norfolk and New York will increase throughput by around 10%. While the moderate volume increase is less of a concern on its own, the bigger question is whether the truck and rail system can adequately handle the surge of cargo volumes.
The second unknown factor is how long it will take to clear the blocked waterway and return the Port of Baltimore to normal operations.
Obstacles
The Port of Baltimore was scheduled to reopen for smaller vessels by the end of April. Larger vessels are expected to resume calling the port within the next few months.
Outlook
MSC will add Hamburg calls to the US East Coast on their “Ecuador – NWC & Scanbaltic – USA” service by the end of April. MSC’s new direct Hamburg – USEC connection adds to the three Transatlantic services which are part of the existing 2M vessel sharing agreement with Maersk, all of which call at Bremerhaven.
What does a bird have to do with cranes?
- Facts
It’s impossible to think of a world without cranes. Whether used for loading cargo, or in the construction industry – cranes are among the most important man-made mechanical devices.
A talk with Rolf Habben Jansen, CEO of Hapag Lloyd
We had the opportunity to talk to CEO of the fifth largest container carrier worldwide about the recent developments in seafreight and acquisition plans.
