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News

News

Pause in Transpacific rate surge

15.07.2024

Transpacific freight rates have corrected after rising for more than three months, as capacity additions have begun making an impact.

When the Shanghai Containerised Freight Index (SCFI) closed on 12 July, the Shanghai-US West Coast rate averaged US$7,645/FEU, down US$458 the previous week. The Shanghai-US East Coast rate decreased by a lower margin, to US$9,881/FEU, a dip of US$64 from the previous week.

Clarksons’ latest weekly report commented, “A mixed week for container freight markets, with the SCFI spot container freight rate index falling 2% week-on-week to 3,675 points, the first decline since late March, as additional capacity on the Transpacific allowed rates to soften there, though Far East-Europe rates saw further modest gains and the overall index remains more than double late March levels.”

Shanghai-North Europe rates went up by US$194 to US$5,051/TEU.

The surge in freight rates to levels not seen since the Covid-19 pandemic convinced operators to divert vessels to the Transpacific.

On 3 July, ZIM Line commenced its Central China Xpress (ZX2) service, connecting Shanghai, Ningbo and Los Angeles, assigning five 4,200 TEU vessels, after operating two extra loaders on the route in June.

ZIM will also tweak its eCommerce Xpress (ZEX) service, adding a call at Vietnam’s Cai Mep port from 16 July, its new rotation being Cai Mep-Yantian-Los Angeles. ZEX will have a 42-day turnaround and will be served by six ships of 4,200-5,500 TEU. The service previously offered calls at Cai Lan in North Vietnam, which will be dropped.

Additionally, MSC is relaunching its Mustang service, which was suspended in 2022 when the pandemic-induced boom faded. The Swiss-Italian operator has assigned six ships of 8,000 to 19,000 TEU to the service, which had to be postponed from 8 July to 18 July as the first vessel in the schedule, MSC Eloane, was held up by congestion in Singapore port. The Mustang service will connect Yantian, Ningbo and Shanghai to Long Beach.

Strike averted at DP World’s port facilities in Western Canada

09.07.2024

A strike by ship and dock foremen at DP World’s port facilities in Western Canada has been prevented from occurring this week.

On Sunday, July 7, the Canada Industrial Relations Board (CIRB) determined that the International Longshore & Warehouse Union Canada (ILWU) Local 514 cannot proceed with plans to strike on July 8 at about 4:30 p.m. Pacific Time. Union members had indicated that they would be going on strike at DP World’s port facilities in Western Canada, according to the British Columbia Maritime Employers Association (BCMEA).

CIRB gave this ruling after BCMEA pressed the federal board to intervene. Because of the strike notice, BCMEA said on July 6 that it was planning to conduct an industry-wide lockout on July 9. That lockout would have shut down all cargo operations of BCMEA member companies across British Columbia, although it would not have affected cruise operations and longshoring operations on grain vessels, BCMEA said. However, since the strike will not occur, BCMEA has withdrawn its lockout notice.

“The CIRB found ILWU Local 514’s Nanaimo dispatch proposal was illegal because it consists of a receding horizon in bargaining and amounts to a failure to bargain in good faith. Therefore, the Board directed the union to withdraw its proposal,” BCMEA said in a July 7 update.

“The BCMEA is disappointed that these steps needed to be taken to ensure the stability of Canada’s West Coast ports but is pleased with the outcomes of the CIRB’s decision,” the association continued. The group also said the CIRB hearing to address the union’s outstanding DP World Canada manning proposal is scheduled to continue on Aug. 6-9.

Negotiations between BCMEA and ILWU Local 514 began in November 2022, according to BCMEA. The labor agreement between BCMEA and ILWU Local 514 expired on March 31, 2023. BCMEA had also been negotiating a separate agreement with ILWU Longshore Locals, but the parties reached an agreement on Aug. 4, 2023.

DP World completes major expansion project at Port of Callao

01.07.2024

DP World has completed a major US$400 million expansion project at the Port of Callao in Peru, enhancing container handling capacity at the South Terminal by 80%.

The Bicentennial Pier expansion project extends the pier from 650 meters to 1,050 meters, making Callao one of the few ports in South America capable of accommodating three vessels (or two mega-vessels) simultaneously.

The project increases handling capacity from 1.5 million to 2.7 million TEUs per year, while the container yard space has also been expanded to a total of 400,000 m².

Sultan Ahmed bin Sulayem, Group Chairman and CEO of DP World, commented, "The Bicentennial Pier project is a landmark achievement for us in Peru. Our investment represents our commitment to supporting the region’s economic growth and solidifying Callao's position as a premier logistics hub, setting a new standard for sustainable port operations in South America."

Services

Services

Multimodal Transportation

Multimodal freight transportation with Forward is our network of reliable agents around the world. Through direct agreements with major shipping lines, we serve all routes required by our Customers. Our low prices are achieved through extensive shipment volumes, along with our specialized unit’s decade-long experience in dealing with sea, air, and land transportation.

Possible transport combinations:

  • sea freight + road freight;
  • rail freight + sea freight + road freight;
  • sea freight + rail freight;
  • air freight + road freight;
  • sea freight + air freight.

The benefits of container shipments

A sea container is a universal cargo unit with standard dimensions. A container is the most common and practical transport unit in multimodal shipments. Container goods are transported by different modes of transport from door-to door without excessive transshipment. Containers could be delivered to a Customer by sea, rail, road, or air transport, or any combination of the above. Container goods have a faster handling in transit and within transshipment that results in a lower shipment cost. And the safety of the goods is guaranteed. Strong partnerships with well-known maritime companies and container lines allow us to deliver goods of any category and complexity.

  • Sea and rail freight container shipping allows cargo to be delivered safely, regardless of weather conditions;
  • Goods are loaded into a container once at the shipper’s, and unloaded at the recipient’s warehouse;
  • The sealing of cargoes guarantees an additional layer of safety for the transported goods;
  • Our Customer manager provide expert advice and calculate alternative delivery options for the Customer;
  • Electronic document management and web-cabinets improve the quality and speed of engagement.

Rail Freight

Our portfolio of Partners include leading rail operators and train & wagon owners.

  • We offer a selection of alternative routes of cargo shipments depending on the Customer's desired price, delivery time, and point of destination. Included are fast container trains, group, and carload shipments;
  • Rail international and domestic transport;
  • FCL and LCL rail freights;
  • Transportation of cargoes in special temperature conditions or with the use of specialized containers.

Customs Clearance

We offer customs clearance at all customs offices:

  • Assistance in obtaining of required licenses and certificates for import or export.
  • Last mile delivery of cleared cargoes.
  • Drawing up of requisite licensing and certification documentation.
  • Delivery of a cargo released for free circulation to the Customer’s warehouse.

You can be calm

Aside from arranging appropriate vessel we also handle the related formalities along with constant tracking of the shipment while it’s in transit using the sophisticated system empowered by our efficient global partners.

Contact

Contact

Location:

Office: 810, Jumeirah Bay X2 JLT, cluster X, Dubai, United Arab Emirates

Alexandr

Executive Director
Mob. +971585733856
Alex.kh@forwarddmcc.ae

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