SSE, CargoSmart Launch Carrier Reliability Index
Chinese shipping index organization Shanghai Shipping Exchange (SSE) and shipping management software provider CargoSmart have signed a memorandum of cooperation (MoC) to develop a new shipping index for ocean carrier schedule reliability.Both parties will work together to create a new methodology to calculate schedule reliability for key trade lanes to help shippers optimize their supply chains and for the industry as a whole to improve service quality.SSE has been playing a significant role in providing up-to-date and accurate shipping information for the global shipping market, including publishing the China Containerized Freight…
Carrier Schedule Reliability Improves in April
Transport consultant Drewry’s Carrier Performance Insight (CPI) for April records 67.6%, up by 4.1 percentage improvement on the previous month in the aggregate reliability of ships on the main Asia-Europe, transpacific and transatlantic trades. The previous best since Drewry’s new data series started in May 2014 was achieved in October last year (64.3%) after which the industry struggled to cope with heavy port congestion on the US West Coast and the implementation of new alliance partnerships and services. Drewry attributes the upswing to a return to “normal” operations at US west coast ports after the agreement of a new labour contract, and the bedding in of the new and upgraded vessel sharing alliances.
Spectre of European Container Port Congestion: Analysis
The North European ports of Rotterdam and Hamburg are experiencing significant congestion, an echo of the issues last seen around the world during the boom of the early/mid 2000s – before the global financial crash took over. The causes of the current congestion are numerous, but poor carrier schedule reliability is high on the list. Are these port congestion problems just temporary, or indicative of a new paradigm for the industry? Drewry Maritime Research considers possibilities in their latest 'Container Insight Weekly'. The current congestion difficulties of Rotterdam and Hamburg are partly because terminal capacity is being affected by work to upgrade existing facilities (such as installing new cranes at the ECT Delta terminal) and also because…
