PORT NOTES

April 10, 2017

From the Desk of Capt. Jeff Monroe DREWRY REPORTS CONTAINER ALLIANCES FAILING DREWRY CONSULTING is reporting that container alliances are failing after strong demand in Asia for European products and the “poorly managed” integration of new ocean carrier networks has meant that shippers are struggling to secure space onboard ships. The consultancy has reported that eastbound Europe to Asia shippers are waiting up to eight weeks to load, carriers have stopped taking bookings and spot shippers are paying considerably more than the usual going rate after the alliances launched on April 1, 2017. Eastbound spot rates are now almost as expensive as they are in the much higher volume westbound mar

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