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PostHeaderIcon CKYHE alliance announces NUE3 (AWS) seasonal suspension due to low demand

PAN-ASIAN CKYHE shipping alliance member lines comprising COSCON, Yang Ming, Hanjin Shipping and Evergreen Line, has decided to suspend their NUE3 (AWS) service connecting Asia to US East Coast (USEC) from December 3, as a response to decreased winter market demand.
CKYHE alliance announces NUE3 (AWS) seasonal suspension due to low demand

PAN-ASIAN CKYHE shipping alliance member lines comprising COSCON, Yang Ming, Hanjin Shipping and Evergreen Line, has decided to suspend their NUE3 (AWS) service connecting Asia to US East Coast (USEC) from December 3, as a response to decreased winter market demand.

An alliance said in a statement that the M/V Nagoya Tower will conduct the final voyage as part of the NUE3 (AWS) service on week 47 from Ningbo, and void sailing is scheduled for week 48.

"Meanwhile other AWE services will continue to provide high service quality to customers. CKYHE alliance will still be providing one of the most comprehensive service coverage's in the market even after this adjustment," the statement added.

Earlier this month the alliance announced that it would cancel a total of 9 voyages on their Asia-North Europe and Mediterranean service loops from November 2015 through December 2015.

CKYHE alliance started the Asia-USEC via Panama service on March 27 from Ningbo. Nine ships averaging 4,380 TEU were deployed in the service with Evergreen contributing to the service with five vessels, Hanjin with two and Cosco and Yang Ming added one each.

The port rotation of the NUE3 included Ningbo, Shanghai, Qingdao, Busan, Colon (Panama), Savannah, Charleston, Colon (Panama), Busan, and Ningbo.

 

PostHeaderIcon Maersk plans to raise Asia-Europe rates 429pc to US$1,000/TEU from November 1

Maersk plans to raise Asia-Europe rates 429pc to US$1,000/TEU from November 1

COPENHAGEN's Maersk Line plans to raise Asia-northern Europe rates US$1,000 per TEU from November 1, the company announced in a notice to trade, said Reuters.

The rate hike is 429 per cent more than current levels. According to the Shanghai Containerised Freight Index, rates from Asia to Europe stood at $233 per TEU - well below the loss-making level.

 

PostHeaderIcon OOCL cancels Asia-Europe, Asia-Mediterranean sailings over Christmas

HONG KONG's Orient Overseas Container Liner (OOCL) announced  the cancellation of the following Asia-Europe sailings in response to the expected low demand during the Christmas period.

On the Asia-Mediterranean service, the EUM MOL Belief (BEF) 003 W/E (ETA Busan on November 22 in Week 48 on WB and ETA Genova on December 23, 2015 in Week 52 on EB) is cancelled.

on the Asia-North Europe service, Loop 6 Hyundai Victory (HVY) 007 W/E (ETA Fuzhou (Fuqing) on November 19 in Week 47 on WB and ETA Southampton on December 22, 2015 in Week 52 on EB) is cancelled.

Also Loop 4 OOCL Korea (OKR) 008 W on Week 47 adds Xiamen and Colombo calls, to the port rotation of Ningbo, Shanghai, Xiamen, Yantian, Singapore, Colombo, Port Said, Le Havre, Southampton, Hamburg, Rotterdam, Port Said, Jeddah, Singapore, Hong Kong, and back to Ningbo.

Also Loop 7 MOL Quartz (QRZ) 010 W / E on Week 47 WB adds Kaohsiung and on Week 52 EB adds Jebel Ali to the port rotation of Qingdao, Shanghai, Kaohsiung, Hong Kong, Yantian, Singapore, Rotterdam, Hamburg, Gdansk, Gothenburg, Antwerp, Southampton, Jebel Ali, Singapore, Yantian and back Qingdao.

Moreover the Nansha shipment into be connected to Loop 7 MOL Quartz (QRZ) 010 W on Week 47 WB via transshipment at Hong Kong by feeder.

The Antwerp shipment is to be transshipped at Rotterdam on feeder. Week 47 Loop 7 MOL Quartz (QRZ) 010 W can serve Antwerp direct call but transit time is long.

 

PostHeaderIcon TSA-Westbound plans series of rate hike from October to December

CARRIERS of the Transpacific Stabilisation Agreement (TSA) Westbound have planned phased, across-the-board increases in freight rates, beginning October 1, said the press release.

"Carriers see a bottom in the market, expect pent-up Q4 demand ahead, as rates hover at or near below-cost levels," it said.

TSA-Westbound lines say they expect to follow with similar, gradual increases in November and December with higher increases for the most depressed rates.

"US-Asia freight rates have fallen to historically low levels since the beginning of 2015 due to a strong dollar and unusually weak emerging market demand," said TSA-Westbound executive administrator Brian Conrad. 

"Current westbound rate levels in many cases do not fully cover costs. At best, they make only a nominal contribution to a round-trip sailing, and barely compete for space aboard ship with empty repositioned containers needed in Asia. 

"Worse, at a time when westbound equipment is already in short supply, depressed rates encourage migration of containers to other trades," said Mr Conrad. 

TSA members are: APL, "K" Line, CSCL, Maersk Line, CMA CGM, MSC, Cosco, NYK, Evergreen Line, OOCL, Hanjin Shipping, Yangming Marine Transport, Hapag-Lloyd, Zim and HMM.

 

PostHeaderIcon If Cosco-CSCL merger occurs, would others follow

 

A CHINA Cosco-CSCL merger makes financial sense, but would have huge implications for competition in the container shipping industry, according to Drewry Maritime Research.

If a merger did happen, Drewry said it expects it would have a domino effect on the existing alliance structure of the container shipping industry and could see other Asian countries follow China's lead.

The London research house expects Japanese and Taiwanese carriers to seek consolidation of their national carriers, strategies that could undermine competition in the sector.

The two Chinese state-owned giants, the world's sixth and seventh biggest container lines, saw shares in their listed units suspended recently as reports that they were in talks over a possible merger.

A combined Cosco-CSCL entity would be the world's fourth largest container shipping company and generate huge financial efficiencies - the two carriers have racked up $911 million in operating losses (EBIT) from container operations over the last five years.

"The rationale for a merger is entirely sound from a financial viewpoint and calls into question why China has persisted with the two-carrier strategy for so long," said Drewry. "It makes little sense to have two national carriers competing fiercely against one another and against non-Chinese carriers in the same markets."

"There is a hint of double-standards about this story as it was Chinese competition regulators that blocked the proposed P3 alliance between the world's three largest carriers Maersk Line, MSC and CMA CGM in 2014," added Drewry. "It seems now that China is happy for the number of major carriers to shrink by one.

"Operational alliances, which arguably maintain competition and help reduce costs, are the subject of misdirected criticism by some regulators and some shipper groups. A more serious competition risk - the reduction in the number of carrier competitors - seems to be encouraged by governments."

 
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