/ By tjchinafreight ivy / Shipping

Flatbed and Heavy Equipment Shipping Guidelines

Flatbed and Heavy Equipment Shipping Guidelines
Flatbed and Heavy Equipment Shipping Guidelines

Flatbed and heavy equipment shipping has unique requirements and considerations that organizations may not realize until they have a pressing need. In today's "just-in-time" supply chain, it's increasingly important to be prepared for the unexpected, as any delay or error can be catastrophic, potentially costing thousands of dollars. Even minor missteps can strain customer relationships and result in business being awarded to competitors. The purpose of this guide is to detail some of the things you need to know in order to transport heavy equipment safely and efficiently while making the most of your resources.

Learn about shipping types

Here's a breakdown of shipping types to help you understand where heavy equipment shipments apply:

Legal load

Legal load is the load that does not exceed the allowable dimensions of the trailer and the weight limit of the trailer

Fully loaded

This is a situation where the shipper's cargo is only moved on a trailer.

Partial Load/LTL

A partial load (or LTL) is when the shipper's cargo is moved on the same truck with someone else's cargo. This helps split the cost of the truck and reduce overall shipping costs. This may increase the time required to deliver the goods.

Oversized cargo

Oversized cargo is any load that exceeds the trailer width and/or weight limits. In the US, most states consider oversized loads wider than 8' 6" or wider than 13' 6". Loads that are too long (combined length) or too heavy (total or per axis) are also classified as oversized, although specific regulations often vary by state.

Flatbed freight

Flatbed freight is any load placed on a flatbed trailer. Flat loads need to be secured by the driver and exposed to the elements. Since the load on the flatbed is open, a crane can be used instead of a forklift, allowing many large industrial commodities such as large generators, bridges, prefabricated houses and steel pipes to be loaded more efficiently and safely, simplifying transportation. Flatbed trailers can Loads from the sides and top and can accommodate full width loads. Flatbeds are very common in the United States and Canada and are widely used in construction and industrial loads.

Flatbed trailers do not require a permit to carry cargo up to the length of the trailer. This is usually 48 feet to 53 feet long, 8 feet 6 inches wide, 8 feet 6 inches high and no more than 48,000 pounds. It's usually best to reduce the overall weight to 47,000 pounds or less to find a truck, as not all trucks can be extended up to 48,000 pounds, and they generally don't want to haul very heavy loads because they cost more to fuel.

Lowboy Freight

Lowboy and flat mounts are similar. Low-profile trailers - also known as double drop or RGN - have a significantly lower deck height. This essentially reduces the overall height of the load, which prevents the load from falling into an excessive load limit. These trailers also allow higher loads to be transported without the additional cost and safety concerns of oversized heavy equipment loads.

Know exactly what you're shipping

When transporting heavy equipment—especially machinery like excavators, motor graders, and rock trucks—you have to know exactly what you're transporting. Not sure what details or information are important to your shipping provider? Here's a quick breakdown:

The make and model of the device. Knowing the basics is essential for transporting heavy equipment.
Have any modifications been made to the device? Any information that may change the basic specifications of your shipment should be noted.
Exact size and weight. An inch or two off can mean your load requires a different truck or a different route, which can create significant cost differences and delays. Having an accurate weight is just as important, especially when handling any heavy loads, as the difference can mean a different type of trailer may be required to move your load. It can also greatly affect how fast your shipments can move and your delivery schedule.
Package. Be sure to let your shipping provider know how your heavy equipment shipment will be packed. Is it palletized? boxed? Need to cover with tarp?
Photos/any other details. Any other information you can provide to your shipping provider will help that person provide you with the best service and results.

Make sure everything runs smoothly

Bill of lading

Completing the bill of lading for your heavy equipment shipment helps ensure all your i's are dotted and your t's are crossed.

A bill of lading is a document that contains the details of the goods, the place of pickup, the place of delivery, the carrier responsible for the shipment, etc. It may also include pickup and delivery numbers, purchase order numbers, and specific information about what the item is and what is being shipped. If applicable, it may contain customs broker information for cross-border shipments.
If you want to ship consistently, does it make sense to create a PDF document with directions, as well as a contact name and phone number you can give the driver to help avoid additional question calls.

Choose someone you trust

I know it's hard for people to understand what we're doing to help them from a transportation provider's point of view. Hopefully this guide has provided you with the information you need to make better heavy equipment shipping decisions that will benefit your company long into the future. Along the way, I hope I can provide you with insights and information, and TJ chinafreight helps you understand how your shipping partners can help you achieve better results.

/ By tjchinafreight ivy / Shipping

Details to remember when transporting heavy equipment

Details to remember when transporting heavy equipment
Details to remember when transporting heavy equipment

Understandably, most customers want the best combination of price and service to ship heavy equipment. Often, the company with the most detailed information gets the best prices, the best service, and the most loyal truck drivers. Unfortunately, it doesn't take much to make truckers want to pass on your cargo.

In order for shippers to have the opportunity to receive the best price and best service, they need to ensure that their heavy equipment shipments are attractive to as many trucks as possible. Having as much information as possible - including small details that can have a big impact on truckers and shipping - can help make your shipments more attractive and give you the best results (pro tip: working with a shipping partner can make a big difference Influence how truckers view your shipments and help you get the best price, service and delivery schedule).

Gather important but small details about the actual heavy equipment you are shipping.

When transporting any type of heavy equipment, having as much information as possible is essential to ensure safe and efficient transport. Here is a list of some of the most critical data to share with your shipping partner (or review it with your shipping partner so he or she can help you fill any gaps!):

  • The value of the commodity. How much is your heavy equipment worth, literally?
  • The make and model of the device. Be sure to know exactly what you're shipping.
  • Any modifications made to the equipment. It is important to be aware of any information that may change the basic specifications of your shipment.
  • Precise size and weight. An inch or two off could mean a different truck or a different route for your load. This has the potential to cause significant cost variances and/or delays. For heavy equipment, the exact Weight is also important, which affects which type of trailer is required. Ultimately, size and weight also affect your shipping costs and schedule.
  • Package. Will your heavy equipment be palletized or boxed? Need to cover with tarp?
  • A photo of your device. Photos are a great reference point to make sure everyone is on the same page.
  • Relevant names, phone numbers and emails. Having this information at your fingertips prevents scrambling. This information should be collected for delivery and delivery and customs brokers (together with account numbers).
  • Pickup and delivery routes. Likewise, having direction at hand can keep everyone on track and set expectations.
  • Hours and days of operation for pickup and delivery. If the driver arrives with heavy equipment and the recipient isn't ready or unable to receive it, these details can help prevent a big headache!
    Customs documents. This is especially important for heavy equipment that will cross the border between Canada and the United States.

Take the stress out of transporting goods.

Gathering all this information can be time-consuming. If the thought of collecting and organizing all this information is overwhelming, you may want to consider working with a trusted shipping provider.

/ By tjchinafreight ivy / Shipping

The Ultimate Guide to Freight Security Technology

The Ultimate Guide to Freight Security Technology
The Ultimate Guide to Freight Security Technology

In 2016, the U.S. Bureau of Transportation Statistics identified more than 502,000 highway accidents involving large trucks.

502,000

Imagine if safety technology could mitigate even a fraction of these accidents, what is its potential?

Will this lead to a better environment for drivers? Could this help trucking companies reduce their turnover? Could it even mean lower shipping costs?

Why do you need safety technology when transporting goods?

Advances in technology have made us safer in cars, planes, bicycles — even while walking. So it certainly makes sense that security technology has had a considerable impact on shipping freight.

Ultimately, as with any business, investing in security technology is first and foremost in huge demand. Trucking accidents cost organizations billions of dollars each year. The potential savings from security technology are enormous.

For companies that choose a supplier who uses ground transportation to transport their goods, the implementation of security technology can greatly impact your peace of mind and bottom line. This is a core area of ​​research we recommend investigating when choosing a shipping partner, and one of the many reasons why we educate organizations about the challenges and risks of choosing a shipping partner based solely on rates.

Here are some of the latest safety tech innovations in shipping freight

In this article, we will examine the following safety technology innovations impacting the freight industry:

1. ELD

ELD is one of the most talked about safety technology topics in the trucking industry and has been around since the December 2015 ELD Authorization or Electronic Recording Device Rule.

The first compliance deadline passed more than a year ago on December 18, 2017, sending the freight and trucking industry into a storm.

ELD literally tracks driver service hours. In devices that carry property, such as trucks, the order states that drivers can drive up to 11 hours a day after 10 hours off work.

It's a logical assumption that more time on the road = more tired drivers = more accidents. Stories of overtired drivers causing accidents make headlines and affect lives. According to a FMCSA study, trucks with ELDs have an 11.7% lower accident rate than trucks not equipped with ELDs. By their estimates, ELD could prevent more than 500 injuries and potentially save 26 lives.

ELDs are capable of monitoring and recording vast amounts of data about drivers and their trucks, including date, time, location information, engine hours, vehicle mileage, and driver, vehicle, and vehicle carrier identification. In many cases, this information is shared with transportation providers in real-time so that they and the driver are on the same page. Additionally, many ELD systems integrate map and routing data, simplifying the overall use of the technology by trucking and transportation providers.

ELD can provide trucking companies with more advanced data, including hard braking, overspeeding, idling, and more.

2. Front-view camera

Rear cameras have been installed in passenger cars (and subsequently improve safety) over the years, while front cameras are becoming more commonplace.

It was only a matter of time before road-pointing cameras made their way into trucks and shipping.

While safety is always the primary goal, transportation providers are also primarily installing forward-facing video in their truck fleets to protect the company itself and its drivers in the event of any collision. Fraudulent insurance claims cost the industry millions of dollars each year, so attorneys, insurers, and of course fleet managers certainly welcome any opportunity to mitigate that cost and liability.

3. Driver Scorecard

Gamification is a very popular term these days. Gamification affects everything from the food we eat to the number of steps we walk each day and every aspect of our lives.

Yes, it's even all over trucking and shipping.

But the concept of gamification -- or scorecarding as it's known in shipping and trucking -- dates back more than a decade, when transportation providers collected data to identify problems among truckers. This information then goes into a meeting where specific drivers will be called to negatively impact fleet wear due to driving behavior.

More directly related to cost, poor driving behavior directly affects gasoline consumption. A particularly careless driver with bad habits can affect gas consumption by up to 30%, making a huge difference.

So the competition is there to improve your scorecard and avoid the embarrassment of being named on your scorecard.

Safety tech saves lives and impacts your bottom line

/ By tjchinafreight ivy / Shipping

What to do if there is a problem during the transportation of heavy equipment?

What to do if there is a problem during the transportation of heavy equipment
What to do if there is a problem during the transportation of heavy equipment

Many shipping providers don't like to discuss the unfortunate reality of heavy equipment shipping (and any kind of cargo shipping).

Sometimes things go wrong.

Maybe the driver arrived at the wrong time to deliver the goods. Or abominably, an accident happened.

There are many things that can go wrong during heavy equipment shipping.

And...well...that's another unfortunate fact. When these things happen, there is usually nothing you can do.

Of course, depending on what goes wrong, there are usually things you can do to mitigate the damage. But the overarching theme here is that once you've picked a transport provider -- especially if you've picked the wrong one, it's often too late to "fix" anything once something goes wrong.

Prevention is the best way to solve problems during the transportation of heavy equipment.

Just like your health, prevention is always the best cure for heavy equipment shipping problems.

But how do you prevent something from happening in transit? We recommend performing two (2) main tasks to prevent problems when transporting heavy equipment or other cargo:

1. Choose the right heavy equipment shipping provider.

It's worth repeating, and you'll hear us talk about it a lot on the TJ chinafreight shipping blog: choosing the right partner for your heavy equipment and other freight needs is critical. A trusted partner will ensure that all the little details and loose ends are covered to prevent many of the most common problems when shipping goods. and by accident

When something goes wrong, they'll step up and take care of things so your stress is minimized. The difference between working with a trusted shipping provider versus someone who operates at night or isn’t customer and relationship centric is staggering. There are plenty of opportunities to notice these differences, none more so than a problem.

2. Do your due diligence before shipping your heavy cargo.

While a reputable shipping provider will ensure that s/he has all the details needed to transport your heavy equipment and other cargo safely and efficiently, you can prepare and have some details in place when you are ready to ship. In these cases, the smallest details may be the most important, including:

All the details are up front. When shipping heavy equipment and other goods, there is not a lot of information! Even adding more information back and forth can significantly delay permits and strain relationships with the driver hauling your cargo.

  • Exact pickup location and delivery location, including contact phone number and contact name
  •  Business hours for pickup and pickup
  • Any special request
  • Accurate dimensional weight and number of pieces shipped
  •  The value of the goods being shipped
  •  A photo of your device
  • Customs documents (if applicable)
/ By tjchinafreight ivy / Shipping

IMPORTANT STEPS TO REMEMBER WHEN SHIPPING PIPE

IMPORTANT STEPS TO REMEMBER WHEN SHIPPING PIPE
IMPORTANT STEPS TO REMEMBER WHEN SHIPPING PIPE

While there are some important steps to take when transporting any type of cargo, there are some special steps to keep in mind when transporting pipelines. Few products contain such a wide range of material and handling requirements.

Depending on the type of material from which pipes are made, they can be easily damaged in transit, which can lead to soaring costs, construction delays, and other costly and stressful impacts on your business.

Using PVC, coatings, galvanized, cast iron and concrete...to name a few, knowing the unique ways to handle and optimally transport this important commodity will keep your shipments safe, give you peace of mind, and ultimately reward you with great shipping returns invest.

Pay attention to these characteristics to identify a strong shipping partner to ship your pipeline.

When conducting initial research on potential shipping partners to ship your pipeline, look for the following key characteristics:

  •  Flatbed trucking specialists are more likely to understand the nuances of transporting especially large, heavy or unique goods including pipelines.
  • Access a wide variety of trailers. The company best suited to handle your pipeline shipments will have access to a variety of trailers when and where you need them, with little or no delay. At Loadstar, we can quickly deliver 48ft flatbed, 53ft flatbed 40ft popular trailers, and even steerable pole trailers anywhere, anytime. As an asset-based carrier and 3PL, we have the best of both worlds and are ideally suited to handle your multi-load projects.
  • A single point of contact for sales, scheduling or any accounting or invoicing related issues means less stress and a stronger relationship with your shipping provider.
  • Online tracking of all loads gives you extra peace of mind that your pipeline is where it should be and when it is safe.

Make sure your shipping provider has extensive experience with pipelines.

In a competitive environment, few trucking companies or transportation providers will turn away new customers. They might even convince you to work with them by offering you the lowest price.

But these "cheap" prices come at a price.

Every business wants to save money and will likely choose the cheapest price when it comes to shipping pipes. But because of the uniqueness and nuances of pipeline shipping, you must work with a shipping provider who understands and has experience shipping your valuable cargo.

/ By tjchinafreight ivy / Shipping

Different ways to load pipelines

Different ways to load pipelines
Different ways to load pipelines

Are your shipping partners familiar with how to properly schedule and load your pipeline loads?
Shipping from here to there. Shipping pipelines should be no different than shipping anything else, right?

Well, not quite.

Especially when transporting pipelines, there are safety concerns and steps necessary to protect the pipeline - and your investment.
Understanding the different ways to load your pipeline and how to secure it can help you best select a shipping partner to transport your pipeline and maximize your return on your transportation investment.

Different ways to load pipelines

There are two (2) typical ways of stacking pipes for loading onto a trailer:

1. Strips

Typically used for yard-to-yard or yard-to-rail transportation, strip loading is often considered the preferred method of stacking pipe, as pipe can be loaded and unloaded in bulk by forklift. Strip loading maximizes the number of pieces of pipe loaded per truck, considering the size and weight of the pipe.

2. Pyramid Loading

Often used for yard or warehouse-to-worksite transport, pyramid loading provides the mobility needed to traverse obstacles and can be lifted by methods other than forklifts. This flexibility is a must when transporting to the job site.

Need help determining how much pipe will fit on your truck? This guide from NASPD can help.

How to Fix Pipe Loads

Once you've decided on the best way to load your pipeline, it's time to protect your load. It is important to have the litter/timber on the trailer deck ready and have the pipe piles/pipes on the side of the load so you can start loading.

Safety when piping

While specifics will vary depending on the exact size and material of the pipe and the type of slab being loaded, there are some common hazards to be aware of when loading the pipe for transport, including:

  • The weight of the lifted load.
  • range of elevators.
  • The location of the pipe.
  • Size and shape of pipes.
  • The number and frequency of lifts performed.
  • Choose the right equipment for loading and unloading tasks. Pinch/Firewire area.
  • Overloaded or improperly loaded truck/track/trailer (poor weight distribution).
  • Uneven and/or shifted loads can reduce the overall stability of the load/vehicle.
  • Missing or damaged straps/tie downs.
  • Prop requirements on trailer/truck.
  • Potential energy stored in the load.
  • Fastening method (tie straps, straps, etc.).
  • Operates close to overhead power lines or other structures. Ice, snow or other environmental hazards are present.
  • Worker safety when working from a height.
  • Correct selection of lifting rigging (chains, slings, belts, vacuum lifts, etc.). A qualified operator must operate the lifting equipment.
  • Changes in ground conditions as it relates to equipment stability.

It can be a little overwhelming to keep all of these dangers in mind when preparing for shipment, but they are vital to keeping people safe, protecting your pipeline, and worth repeating - protecting your investment.

/ By tjchinafreight ivy / Shipping

Oil prices rise again as supply worries mount

Oil prices rise again as supply worries mount
Oil prices rise again as supply worries mount

Oil traders' worries about supply shortages intensified on Thursday and pushed West Texas Intermediate (WTI) prices higher even as the dollar rose and the U.S. government announced it would buy back oil from the state's reserves as early as this fall. to the highest level since March.

By Thursday's close, WTI was up 45 cents at $108.26 a barrel, while Brent crude was up 76 cents at $110.90 a barrel.

Oil benchmarks remain in backwardation, with the spread between the latest two Brent December futures contracts at nearly $13 a barrel on Thursday, more than triple the spread at the start of the year.

OPEC and its allies agreed to increase nominal output by 432,000 barrels per day (bpd) in June. Fatih Birol, executive director of the International Energy Agency, said OPEC could release more oil reserves if needed.

Ajay Parmar, senior oil market analyst at ICIS, said in a research note,

OPEC+ is unlikely to supply the market with additional oil to address the supply crunch as they are happy to see oil prices stay above $100/bbl and they are expected to slowly add oil in 2022.

Another concern for traders is that shale oil has become more expensive to drill and prices have risen sharply. CEOs are reportedly raising annual spending plans to keep crude and natural gas production on track.

APA Corp CEO John Christmann said,

Increasing U.S. oil production will be challenging and financially inefficient given supply chain bottlenecks and shortages of oil equipment and oilfield workers.

Fiona Cincotta, senior market analyst at City Index, said of Thursday's crude oil trading:

Many factors on the supply and demand side are at work, so oil prices fluctuate again. But the market hasn't fully factored in the impact of the EU's ban on Russian oil (voting is still underway), so losses in the oil market may be limited.

/ By tjchinafreight ivy / Shipping

The unmanned electric container ship is here!

Deutsche Bahn Schenker, the freight forwarder owned by Deutsche Bahn, plans to operate an all-electric autonomous coastal container feeder line between Norway’s Ikornnes terminal and the port of Alesund.

The unmanned electric container ship is here!
The unmanned electric container ship is here!

DB Schenker and its partners, the furniture giant Ekornes and the ship design company Naval Dynamics, as well as Kongsberg (mainly producing and developing automatic monitoring and control system products in the marine field) and Massterly (the world's first unmanned ship company) , designed to replace the traditional feeder ships used on this stretch of Norwegian coast.

The 50-meter-long vessel features Naval Dynamics' NDS AutoBarge 250 concept and is intended to travel at 7.7 knots for three hours with a range of 43 kilometers. It will operate unmanned under the supervision of Massterly's remote operations center.

Kongsberg's chief executive Geir Håøy said the company was starting to see a general shift away from road freight transport, which has considerable carbon emissions, to clean, energy-efficient short-haul freight transport, which was also involved in Operation of some all-electric and autonomous vessels including Yara Birkeland.

According to DB Schenker, this will bring many benefits, including zero emissions, faster and more efficient transport, and reduced road traffic. The partnership program is approved by the Norwegian Maritime Authority and may receive government incentives for sustainability and technology.

"This unique project will mark an important step towards a greener supply chain and integrate it into our overall sustainability agenda in ocean transport. We are ambitiously working with our partners on this Take a leadership role," said Knut Eriksmoen, CEO of DB Schenker Norway.

"Using autonomous electric container carriers to pick up our stress-free products directly from our terminal in Ikernes means our carbon footprint will be significantly reduced. We will also gain better control over our own logistics and Greater flexibility," added Ekornes CEO Roger Lund.

/ By tjchinafreight ivy / Shipping

Knowledge of China’s temporary inbound and outbound goods

Knowledge of China's temporary inbound and outbound goods
Knowledge of China's temporary inbound and outbound goods

What are temporary inbound and outbound goods?

Answer: Temporary inbound and outbound goods refer to goods that temporarily enter and leave my country's customs territory for a specific purpose. Within the time limit specified by the customs, except for the depreciation or wear and tear caused by normal use, they should be re-transported into and out of the country as they are.

What are the temporary inbound and outbound goods?

Answer: According to the "Administrative Measures of the Customs of the People's Republic of China on Temporary Inbound and Outbound Goods" (Order No. 233 of the General Administration of Customs), temporary inbound and outbound goods include:

1 Goods displayed or used at exhibitions, trade fairs, conferences and similar events.

2. Performance and competition supplies used in cultural and sports exchange activities.

3. Instruments, equipment and supplies used for news reporting or filming of movies and TV programs.

4. Instruments, equipment and supplies used in scientific research, teaching and medical activities.

5. Transportation and special vehicles used in the activities listed in items (1) to (4) of this paragraph.

6 samples.

7 Instruments, equipment and supplies used in charitable activities.

8 Instruments and tools for installation, debugging, testing, and repairing equipment.

9 Packing materials for the goods.

10 Self-driving vehicles for travel and their supplies.

11 Equipment, instruments and supplies used in project construction

12 Test products, equipment, vehicles.

13 Other temporary inbound and outbound goods stipulated by the General Administration of Customs.

Which customs should the temporary inbound and outbound goods be declared to?

Answer: According to the "Administrative Measures of the Customs of the People's Republic of China for Temporary Inbound and Outbound Goods" (Order No. 233 of the General Administration of Customs), the holder of the ATA carnet, the consignee and consignor of the temporary inbound and outbound goods under the non-ATA carnet ( hereinafter referred to as "certificate holder, consignee and consignor") may submit the "Application for Confirmation of Temporary Inbound and Outbound Goods" to the competent customs before the declaration, to apply for verification and confirmation of whether the relevant goods are temporary inbound and outbound goods, and go through relevant procedures , or directly to the competent local customs to go through the relevant procedures for temporary inbound and outbound goods during the declaration process.

How to declare temporary inbound and outbound goods?

A: Enterprises can enter the system through the China International Trade "Single Window" → Cargo Declaration → Import/Export Integrated Declaration Module to enter the system to submit declaration materials. If the competent customs needs to verify or supplement information, they need to submit paper materials. The specific situation is subject to the review by the competent local customs.

How to handle the settlement procedures for temporary inbound and outbound goods?

Answer: The consignee and consignor of temporarily inbound and outbound goods shall go through the settlement procedures with the competent local customs after the goods are re-shipped out of China and re-inbound.

If the temporarily inbound and outbound goods are damaged due to force majeure and cannot be re-exported or re-transported into the country in their original state, the certificate holder, consignee and consignee shall report to the competent customs in a timely manner, and the re-shipment can be handled with the certification materials issued by the relevant departments. Exit and re-entry procedures; if the goods are lost due to force majeure, the goods can be deemed to have been re-exported or re-entered after verification by the competent customs.

If the goods temporarily entering or leaving the country are damaged or lost due to reasons other than force majeure, the certificate holder, consignee and consignor shall go through customs formalities in accordance with the relevant regulations on import and export of goods.

/ By tjchinafreight ivy / Shipping

Has the inflection point of the shipping industry reached?

Although Maersk still achieved good results in the first quarter of this year, this was mainly due to a large proportion of long-term contracts with high freight rates. In addition, the company and the Danish Investment Bank said that the inflection point of the container shipping industry may be coming.

Has the inflection point of the shipping industry reached?
Has the inflection point of the shipping industry reached?

Maersk successfully wins more long-term contract customers

For Maersk, although inflation and rising oil prices have led to an increase in unit transportation costs and a downward trend in freight volume, more and more customers choose to sign long-term contracts with higher freight rates, which stabilizes Maersk's current and future 's earnings. Maersk Chief Executive Søren Skou said in a Wednesday press conference: “Our first quarter financial performance was strong, and combined with a negotiated increase in long-term contract prices by an average of $1,400/FFE, our revenue this year is conservatively estimated to be better than $10 billion increase last year.”

He stressed that so far, Maersk has signed long-term contracts with 71% of its customers.

However, the marginal benefit is limited. "Our earnings can go up to another 80%," Skou said. "We also need some cash for revenue flexibility, but I still expect our earnings to continue to go up to 80%."

Very high customer satisfaction

Maersk's first-quarter performance set a new record, but behind it was a 6.7% drop in shipping volumes in the first quarter, a significant increase in shipping costs, and a 71% increase in average freight rates.

The first-quarter financial performance of other liner companies is estimated to be on par with Maersk. It's clear that ocean freight customers still have to pay much more than before to get their goods shipped around the world.

DSF: Historic growth is coming to an end

Another shipping investment bank, Danish Ship Finance (DSF), which is also located in Denmark like Maersk, showed in its latest semi-annual forecast report that there are clear signs that the historical growth period that will promote the development of the container shipping market and generate huge profits is coming. Finish.

The agency said in its latest forecast report that in the short term, the currently murky demand outlook and growth in available capacity could put pressure on container freight rates and used container ship prices. Over the longer term, the market deterioration will accelerate with the influx of ships above 12,000 teu and a weaker demand outlook. This could put significant pressure on most container markets, especially raising the risk that vessels owned by tonnage suppliers will no longer be able to secure contracts. "