October News Brief
Welcome to our October News Brief
This month, FJT Logistics proudly celebrates its 23rd anniversary, marking over two decades of growth, resilience, and innovation in the logistics industry.
Celebrating 23 Years of Success: FJT Logistics Marks Milestone Anniversary
The company’s success is built on grit, perseverance, and passion, coupled with unwavering support from both its dedicated team and loyal customers.
Reflecting on this journey, Alessandro D’Orto, Director at FJT Logistics, acknowledges the many people who have contributed to the company’s history and the trust of customers who stood by us, even during challenging times.
“Even in difficult periods, our customers believed in us, and that loyalty has been crucial to our success.”
Adapting to an Evolving Industry
As the logistics industry has evolved, so too has FJT. Key to its longevity has been constant reinvestment in the business, ensuring long-term competitiveness.
“To continue thriving, we believe profits should be reinvested into the company rather than focusing solely on shareholders,” explains Alessandro.
Expanding services and markets, while fostering synergies between customers and suppliers, has allowed FJT to stay ahead of industry demands.
The Drive Behind Steady Growth
The company’s journey from a national presence to an international player has been powered by a vision to expand steadily.
“We started with a goal to become a nationwide company, and now our sights are set internationally,” says Alessandro.
This forward-thinking approach has been instrumental in the company’s success and global growth.
Maintaining Core Values Across 15 Global Offices
FJT celebrates now operates 15 offices worldwide, including the recently opened Sydney warehouse.
Maintaining its brand identity across regions has been possible by focusing on our people.
“Our employees are the heart of our company, representing values like humility, ambition, and a desire to grow,” adds Alessandro.
These values have guided FJT from its beginnings and continue to shape its operations today.
Pride in Team and Customer Relationships
At the core of FJT’s services, team dynamics, and customer relationships play a part in our values.
“Being humble, ambitious, generous, and passionate remains key to our success,” affirms D’Orto.
These principles are reflected in every aspect of FJT’s business, ensuring that the company’s 23-year legacy continues to thrive.
Looking ahead, we are particularly excited about nurturing the next generation of leaders.
“We’ve already begun transitioning young employees into branch management roles in Australia and Europe, and our management team is growing to prepare for future challenges,” says Alessandro.
With a blend of fresh perspectives and seasoned experience, the company is ready for the opportunities ahead.
FJT Logistics’ 23-year journey has been one of steady growth and enduring success, and the company is poised for even greater achievements in the years to come.
Alessandro D’Orto
Director
DID YOU KNOW?
The ideal queue-to-berth ratio is generally considered to be between 0.2 and 0.3.
This means that for every ship at port, there should be an average of 0.2 to 0.3 ships waiting in line to berth. A higher ratio indicates congestion and potential delays, while a lower ratio suggests underutilization of berths.
We can see that Singapore port, which is usually one of the most congested place in the world has now a Queue to Berth ratio of 0.30 as of October 9th 2024 with 12 ships at anchorage and 40.5 ships currently at port.
APAC BULLETIN
Port Congestions Outlook:
China: Port congestion has worsened at key Chinese ports like Shanghai and Ningbo due to a series of typhoons, including Typhoon Bebinca, which caused severe vessel delays. Ships in Shanghai faced delays of up to 60 hours, while Ningbo experienced waiting times of 24-48 hours.
Blank Sailings Outlook:
Overall, blank sailings from China to Australia have been limited, but carriers continue to monitor congestion and weather conditions closely, adjusting to minimize disruptions.
These cancellations are largely due to the expected reduction in cargo volumes around China’s Golden Week holiday (October 1-7), a time when factories in China typically close, leading to a significant drop in exports. Carriers are adjusting their schedules to avoid overcapacity and maintain stable freight rates during this period.
Equipment Availability Outlook:
The equipment availability outlook for the China to Australia route in September 2024 shows persistent challenges, primarily driven by a combination of high global demand, port congestion, and delays.
Although there are expectations that the situation may ease later in the year, the China to Australia route will likely continue to face equipment shortages in the short term, particularly as demand spikes during the peak season in Q4 2024.
Current APAC Containership Port Congestion
