CARGO TRACKING
PARTNER LOGO
LATEST NEWS

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."

 

PostHeaderIcon Hong Kong port faces shrinking box volumes for 12th month

HONG KONG's port has experienced falling container volumes for the 12th month in a row after throughput declined to 1.7 million TEU in June, down from 1.9 million TEU handled the same month a year earlier.

The world's top two box ports are now Shanghai and long-term rival Singapore.

In April Hong Kong year-on-year throughput plunged by 11.7 per cent owing to a shrinking trucking segment, and higher transshipment volumes and barge traffic at the port, according to IHS Maritime 360.

Terminals operated by Hutchison Port Holdings at Kwai Tsing suffered the biggest dive, with a drop in volume of 14 per cent registered, reported UK's Port Technology International.

In contrast, the port of Shanghai's throughput was up 4.4 per cent in the first half, after handling a total of 35 million TEU in 2014.

Despite this considerable drop in container volumes at the port of Hong Kong, China's mega-ports are anticipated to see throughput grow by six per cent annually between now and 2020. This will, presumably, take place against the backdrop of super container hubs envisioned for Qingdao, Shanghai and Hong Kong.

More than 95 per cent of China's coastal ports are expected to consolidate their resources with other ports through strategic co-operations and capital injection, the report added.

 

PostHeaderIcon Far East trades propel shippers' to US east coast ports

Far East trades propel shippers' to US east coast ports

CHINA is the leading the way for the swift from congested US west coast ports to their rivals on the east coast as a hefty chunk of business has shifted from the Pacific to Atlantic, reports the American Journal of Transportation.

According to data from Minneapolis trade research provider Zepol, total imports along the east coast have risen by 15 per cent, while import traffic on the US west coast down four per cent.

Imports from China along the west coast fell by three per cent, but Chinese imports on the east coast continue to gain ground. Atlantic ports attracted 20 per cent more containers from mainland China this year, and Gulf ports 43 per cent more.

"Shipments are setting sail for eastern ports even before the Panama Canal expansion is complete," said Zepol CEO Paul Rasmussen.

"Shippers may be tired of west coast backups, and with carriers adding more lines from Asia to the east coast, it's hard to blame them."

The ports of Newark/New York, Savannah and Houston recorded the highest increase in imports during the first half, year on year. The port of Newark/New York bumped up imports by 12 per cent, Savannah by 32 per cent, and Houston 26 per cent, which saw a spike in containers from China. The port brought in 53 per cent more Chinese containers than last year.

"Looking at these numbers, the port of Newark/New York's imports are becoming competitive with Long Beach," said Mr Rasmussen. "Upgrades to the Suez Canal and the focus on larger vessel infrastructure at eastern ports certainly help pull traffic away from the Pacific."

 

PostHeaderIcon MSC's No 1, Maersk's No 2, Evergreen No 3, CMA CGM No 4 in TEU rankings

THERE has been a fundamental shift in global shipping company standings from 2014 to 2015, which radically re-arranged the top 10, according to Datamyne statistics published by the American Journal of Transportation.

The Italian-Swiss Mediterranean Shipping Company (MSC) now takes the top spot from Denmark's Maersk Line, the long-standing No 1 global industry rankings.

MSC, since the first quarter of 2014 to the first three months of this year, has gained 13.61 per cent in container volume to 507,935 TEU, just as Maersk lost 9.15 per cent with its current holding of 430,158 TEU.

The new No 3 is Taiwan's Evergreen, displacing France's CMA CGM, which slipped into No 4 spot.

Evergreen over the same period gained 14.75 per cent to 362,505 TEU. Curiously, CMA CGM actually gained 17.97 per cent in volume to 336,821 TEU, but not enough to deny Evergreen the No 3 spot.

Germany's Hapag-Lloyd, despite its tumultuous merger with Chile's CSAV, remains at No 5 with a 1.25 increase in box holdings of 277,427 TEU.

The new No 6 is Korea's Hanjin Shipping, which gained 3.16 per cent in volume to 275,833 TEU, displacing Cosco to No 7 spot with its 20.25 per cent volume gain to 252,277 TEU.

Singapore's APL is the new No 8, up from 10th place, with a volume gain of 21.84 per cent to 234,750 TEU.

"K" Line is the new No 9, displacing MOL, which has been banished from the top 10. "K" Line is up 16.93 per cent in volume to 202,636 TEU.

The new No 10 is Taiwan's Yang Ming, up from 14th place, with a 18.41 gain in volume to 183,421 TEU

 
ONLINE SUPPORT
0982.99.22.79
Call Mr. Phúc
0982.99.22.79
Mr. Phúc
0908.55.25.82
Call Ms. Huê
0908.55.25.82
Ms. Huê
0976 55 99 35
Call Mr. Quang
0976 55 99 35
Mr. Quang
0164.912.83.86
Call Ms. Anh
0164.912.83.86
Ms. Anh
 
WEB LINKS
Certificate/License

Member(s) of

FIND US ON

nuskin my viet nuskin viet nam nuskin may rang ca phe ca phe sach ca phe nguyen chat