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Box prices rise for the first time in 2 years

Drewry’s latest Container Equipment Insight, exclusive to subscribers of Drewry’s Container Leasing and Container Census reports, saw prices for new dry freight containers increase in the opening months of 2014 for the first time in two years.

Standard box prices declined gradually throughout 2013, falling by late in the year to their lowest point since 2009, and they have so far barely managed to recover 10% by April 2014. They presently stand at much the same level as one year ago.

container prices rises

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Intermodal Operations addressed at Intermodal Asia 2014

Michael Pal, of Fremantle Ports, will present a case study titled ‘Shorthaul Landside Sea Freight Intermodal Operations’ at Intermodal Asia 2014, which takes place from 1-3 April at the Shanghai World Expo Center.
The case study will look at whether it is possible to make intermodal rail profitable at distances of under 150km and how rail can grow against significant odds.  It will also address supply chain environmental changes and other governmental policy change.

intermodal asia 2014 michael pal

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The industry is stuck in a vicious cycle!

Drewry’s 1Q14 Container Forecaster report highlights that the industry remains in an extended down cycle. This is being accentuated and extended by the constant delivery of new ships. The global cascade is now hurting the balance of the north/south trades.

Some of these trade routes have also not lived up to expectations in terms of cargo flows and the sharp influx of many new ships of at least 8,000 teu has resulted in significant declines in spot freight rates, particularly on the Asia to East Coast South America trade.

shipping industry stucked

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Increased Use of Bamboo for Container Floors

The latest Survey published by the Container Owners Association on “Alternative Flooring Systems for Shipping Containers” shows a rise in the use of bamboo for container floors, as an alternative material to tropical hardwood plywood.

Bamboo has emerged ahead of other alternative flooring systems, such as plastic/composite and larch/birch hybrid, as the most popular, in terms of availability and price - and it is the only alternative to tropical hardwood plywood being produced in any significant volume.

bamboo floor

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PSA Gets Bigger In India!

Singapore's PSA Investments today bagged Rs 7,915 crore and 4.8 million standard units fourth container terminal project from India's largest container port Jawaharlal Nehru Port Trust (JNPT).

Port of singapore in Jawaharlal Nehru Port

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Russian seaports require dredging of 240 million

Russian seaports require dredging of 240 million cbm by 2030, Jan De Nul says

The volume of dredging works which should be performed at the seaports of Russia by 2030 reaches 240 million cbm, the IAA PortNews  reporter quoted a Jan De Nul representative as saying today at the Forum of Dredging Companies organized by media-group PortNews. 

According to estimates of Business Development Manager of Jan De Nul Dmitriy Reev, the volume of dredging operations to be executed at the port of Sabetta reaches 71 million cbm, in deepwater port of Arkhangelsk - 50 million cbm, at MMPK Bronka - 30 million cbm, in Kaliningrad Region (a cruise terminal) - 15 million cbm, at Vostochny-Nakhodka hub – up to 10 milllion cbm, in the ports of the Black Sea Basin – up to 10 million cbm.

The Jan De Nul representative said new dredgers and other highly efficient equipment like that of Jan De Nul company is required for dredging works of that scale.

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