Global schedule reliability hits record low

Global schedule reliability of liner shipping companies dropped to the lowest recorded level since Sea-Intelligence introduced the score in 2011. Namely, in February 2020 the schedule reliability was down by a further 3.4 percentage points month on month hitting 65.1%. The reliability of container shipping has been considerably impacted by the lockdown measures related to.

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MSC prepares for post-Coronavirus recovery in freight services demand

Swiss container shipping giant Mediterranean Shipping Company (MSC) has developed a Suspension of Transit (SOT) container shipping programme to prepare for a recovery in demand for freight services once the impact of the COVID-19 pandemic eases. The programme includes container yard storage in six transshipment hubs across Asia, the Middle East, Europe and the Americas. Specifically,.

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Coronavirus pandemic adds a major blow to struggling shipping industry

The furious speed at which Covid-19 has spread from the most populous of all continents, Asia, to Europe and then to the US killing thousands of people is sending the global economy reeling. As country after country, including India, is enforcing comprehensive lockdown of life, the economic cost of which remains anybody’s guess, all stakeholders of.

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IMO steps in as crew changeovers on ships tests fleet owners amidst coronavirus scare

As crew changeovers on ships globally becomes a casualty of the safety protocols to combat the spread of coronavirus, the International Maritime Organization (IMO) has urged governments and relevant national authorities to designate professional seafarers and marine personnel, regardless of nationality when in their jurisdiction, as “key workers” providing an “essential service”. In a circular.

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Shipping vessel approaches Indian govt, says under duress in Chittagong

A shipping vessel, MV Tomini Destiny, and its crew have approached the Indian government complaining that they are under duress due to unsafe offloading operations in Chittagong in Bangladesh. “The Master and crew have been forced to write direct to the flag State administration, the Indian Government and Indian Unions due to the alleged conduct.

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Container costs at Indian ports crippling importers

Indian recyclers are appealing for relief from detention and demurrage charges until May, saying they are a ‘massive burden’ on an industry crippled by the country’s lockdown because of the Covid-19 pandemic. The fees, normally a routine part of the business between shipping lines and importers, are building up as cargoes are stuck at ports.

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Shipping lines asked to waive charges to give relief to importers

To give relief to the importers and to maintain supply chains, the Director General of Shipping has issued an advisory to waive container detention charges on import shipments as a one-time measure to deal with the disruptions arising out of the Covid-19 pandemic. In order to maintain proper supply lines at Indian sea ports, the.

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