Rate rises loom as port congestion hits four-year high
Congestion in container ports has crept up to a four-year high, with nearly 3.7m teu, ...
VW: D-DAYPLD: KEEP PUSHINGDHL: NEW AIR SERVICEDHL: GUIDANCE UPGRADE REACTIONDHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH
VW: D-DAYPLD: KEEP PUSHINGDHL: NEW AIR SERVICEDHL: GUIDANCE UPGRADE REACTIONDHL: NEW HIGH TARGET ON THE STREET DSV: EXPECTATIONS RUN HIGH KNIN: DHL GUIDANCE UPGRADE READ-ACROSSKNIN: NEW OPENINGGM: TECH UPSIDEAMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH
To circumvent the disruption in container shipping and air cargo flights from Shanghai, Japanese 3PL Nippon Express will use high-speed ferries to transport goods to Osaka and Kobe.
Targeting customers with less-than-container-load (LCL) cargo, the twice-weekly Kansai Special Rapid Service begins on Saturday using Japan-China International Ferry’s two ro-ro vessels, Su Zhou Hao and Xin Jian Zhen, which can each carry around 200 teu. The second sailing will be on Tuesday.
Japan-China International Ferry is part of the China state-controlled Cosco Group and the vessels will alternate between Osaka and Kobe every other week, taking five days to arrive. As there is a separate terminal for ferries, they will not be subject to the berthing delays that have plagued containerships.
The suspension of port operations in Shanghai, following a Covid-19 case in neighbouring Ningbo port in early August and typhoons In-fa and Chanthu in July and September, has hit shipping schedules, and a Covid outbreak in Shanghai’s Pudong International Airport in August curtailed flight operations.
Nippon Express said: “The increasingly strict biosecurity measures imposed at Shanghai Pudong Airport have resulted in a continual string of flight cancellations that make it difficult to rely on air transport, while port congestion at Shanghai has put container vessels considerably behind schedule. These circumstances have given rise to a greater need for LCL services offering speed and punctuality.”
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