Seaworthiness Probe After CMA CGM Vessel Loses 40 Containers in Rough Seas

May 27, 2020

A containership off the coast of Australia lost 40 boxes overboard in rough weather on Sunday, with cargo including face masks now washing up on beaches near Sydney.

CMA CGM’s 5,510 teu APL England lost propulsion during heavy seas, according to the Australian Maritime Safety Authority (AMSA), while sailing to Melbourne from Ningbo,

The Singapore-flagged vessel was around 73km south-east of Sydney when the incident happened, and while power was restored within a few minutes, heavy rolling caused container stacks to collapse, with 40 boxes flung overboard and 74 others damaged.

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Source: The Load Star

Overboard Container Loss Investigation Underway

May 26, 2020

The APL England on Wednesday was escorted to the Port of Brisbane, where Australian officials will investigate an at-sea incident in which 40 containers were lost overboard and nearly 75 others were damaged.

Australian Maritime Safety Authority (AMSA) surveyors conducted an inspection of the container ship at anchorage on Tuesday and determined the vessel was structurally sound and could be safely brought into port. Two harbor tugs, one container salvage response vessel, two Queensland water police vessels and a Maritime Safety Queensland pollution response vessel escorted the APL England into Moreton Bay.

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Source: American Shipper

‘No Hope’ of Bounce-Back in Demand For Container Shipping This Year

May 26, 2020

Cold water is being poured on any optimistic outlook by some ocean carriers for a speedy recovery of the container industry from the impact of Covid-19.

In his latest assessment of the market, Bimco’s chief analyst, Peter Sand, said the current economic situation “provides no hope for a short-term recovery”.

“The coronavirus pandemic looks set to continue to hammer container shipping demand,” he added.

For the full story, please click HERE

Source: The Load Star

Moving from Just in Time to Just in Case

May 27, 2020

In pursuit of ever-greater efficiency, many businesses de-emphasized supply chain flexibility and resilience. Today’s situation calls for rebalancing priorities. Consider for a moment the farms growing food for commercial users here or in China. Pre Covid-19, these farms were highly efficient and offered products at the lowest possible cost. Today the commercial market has been decimated, and farmers are forced to dump strawberries or cull herds, financial victims of unanticipated change. To withstand a crisis, or better yet to come out of it stronger, balance the low cost and efficiency of the JIT model with the need to be nimble and agile in reacting to market changes.

For the full story, please click HERE

Source: Industry Week

Wan Hai Stays in the Black, But Evergreen and Yang Ming’s Red Ink Raises Merger Speculation

May 21, 2020

Niche carrier Wan Hai was the only Taiwanese container line to post a net profit in the first quarter of this year as its larger compatriots, Evergreen and Yang Ming, traded in the red.

The parlous position of the liner industry has renewed speculation of a merger of these two into one state-sponsored container line, a development that would be strongly resisted by their individual managements.

Following a $27m loss recorded by Yang Ming in Q1, Evergreen reported a net loss of $15m. But Wan Hai managed to stay in the black, with a profit of $3m, significantly below its $35m profit for the first three months of last year.

For the full story, please click HERE

Source: The Load Star