rss icon Subscribe
desktop mobile

Port of Hamburg Says Containers Are In Good Supply

©Hapag-Lloyd

The Port of Hamburg, responding to reports of bottlenecks in the supply of empty containers, conducted a flash poll this week asking shipping lines about the current situation and found that shipping lines see no appreciable scarcity of equipment in Hamburg and other German seaports, with no shortages expected to arise.

According to Port of Hamburg Marketing (HHM), the shipping lines mentioned several factors that provide for a stable supply of empty equipment. Most shipping companies plan their disposition of empty boxes about three to four weeks in advance. Generally, they take advantage of markets with an oversupply, such as the U.S., U.K. and Israel, as the source for empty containers in Hamburg or other Northern European ports. Direct shipping of empties from China is rare and has not been necessary recently.

Axel Mattern, CEO of Port of Hamburg Marketing (HHM), said, "With the recovery of the Chinese economy, which is already making itself noticeable, shipping, cargo handling and seaport-hinterland transport in China will be heading back toward normal operations. In view of a slowing economy in Europe, we do not expect to see shortages in the supply of empty containers in Hamburg or the hinterland."

HHM's director pointed out that individual shipping lines might run into temporary bottlenecks in supply if short-term imbalances between the flows of import and export container shipping occur. Scarcity can thus occasionally result from fluctuating supply and demand in inland areas. The depots in the hinterland play an important role in supplying the market with empty equipment for shippers in the various regions.

Mattern said seaborne foreign trade on the whole can count on the situation easing as soon as shipping between Asia and Europe returns to normal and the demand for export containers declines in connection with the changing economic conditions.

Mar 23, 2020

 

People & Company News

Vitol Marine Fuels Acquires Sinanju Tanker Holdings

©  Rex Wholster / Adobe Stock

Vitol Marine Fuels Pte Ltd, a subsidiary of the Vitol Group, has acquired 100% of Singapore-based

TFG Marine Names New CEO

Trafigura's marine fuels joint venture TFG Marine said on Wednesday that Anders Gronborg had been appointed as its chief executive to oversee expansion efforts.

ChartWorld Acquires Maritime Services

ChartWorld’s Oliver Schwarz and MSL’s Sumita and Shankar Roy are excited to start the collaboration and shape a new era for Maritime Serv (Photo: ChartWorld)

ChartWorld announced the acquisition of Maritime Services Ltd. in Vancouver as the latest addition

Ports

Cruise Passengers Await Florida Deal Allowing Them to Disembark

(Photo: Holland America Line)

The U.S. government and Florida were working on a plan on Wednesday to allow thousands of cruise

Egypt's Suez Canal Shipping Unaffected by Coronavirus

© Zdenar Adamsen / Adobe Stock

Traffic in Egypt's Suez Canal has so far been unaffected by the spread of the coronavirus

China's Ports Brace for Second Hit as Virus Spread Wipes Out Exports

© lotusjeremy / Adobe Stock

China's ports and shipping firms are bracing for a second wave of supply chain disruptions that

Maritime Apps