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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

 

PostHeaderIcon FMC commissioner demands congestion information from carrier alliances

THE four major container shipping alliances are being urged to provide new information on the measures each is taking to reduce congestion at US ports by the Federal maritime commissioner Michael Khouri, who says shippers have seen a deterioration in service and significant increases in costs. Mr Khouri is also calling on the FMC to support his request, which is currently being discussed by FMC staff and commissioners. "We have received private reports and seen numerous press accounts that the operations of the four alliances - G6, CKYHE, Ocean 3, and 2M - may be a contributing factor in the chronic congestion at the west coast ports, and perhaps at other port facilities," Mr Khouri said. "In terms of overall costs and service levels in the liner supply chain as experienced by US exporters and importers, there has been a deterioration in service and significant increase in costs," he said, reported American Shipper. Mr Khouri said there have been reports that because of the way containers are loaded on alliance vessels at Asian ports, there is now a need for additional handling in US west coast ports. Other factors also playing significant roles in port congestion include issues surrounding the tentative longshore labour contract, chassis and drayage drivers. The Global Shippers Forum (GSF) is also demanding performance data from shipping alliances, claiming lack of reliability and predictability of the joint operations of shipping alliances is adversely affecting shippers' maritime and logistics supply chains. GSF secretary general Chris Welsh called on alliances to "take responsibility for monitoring, measuring and benchmarking their performance on key trade routes to demonstrate enhanced alliance performance." Furthermore, Mr Welsh is demanding that the shipping alliances "make that information transparent to regulators and their customers as evidence of their commitment to showing the pro-competition benefits of improved alliance services." The GSF called for "a manageable but rigorous set of monitoring KPIs [key performance indicators] that can provide the required level of confidence to customers that ocean shipping alliances can deliver tangible benefits in terms of reduced costs, competitive ocean rates and improved services for shippers".

 

PostHeaderIcon West coast congestion shrinks global idle fleet to record low

West coast congestion shrinks global idle fleet to record low

THE global idle box fleet has fallen to a 40-month low because the US west coast congestion crisis has reduced idle tonnage to 200,000 TEU, the lowest since 2011.

Forty ships ranging in size from 4,000 to 10,000 TEU have been drafted into service that would have otherwise been idle, reports Alphaliner.

As of January 26, only 16 ships of above 3,000 TEU were idle, and most of them will be deployed in the next two weeks.

All ships of above 4,000 TEU are expected to be trading by mid- February, marking the first time since 2011 that such vessels are to be fully employed

 

PostHeaderIcon MOL increases rate US$200/TEU from Asia to southern Africa January 14

JAPANESE shipping giant MOL has announced a US$200 per TEU rate increase on all cargo from Asia to southern Africa including Madagascar, Mozambique and Namibia from January 14.

The shipping company said the rate restoration was "essential to sustain our service level" and applied it to all cargo from Asia, which includes the Indian subcontinent and Middle East to southern Africa, including South Africa, Lesotho and Zimbabwe

 

PostHeaderIcon Hapag-Lloyd, CSAV agree to merge, creating 4th biggest box carrier

CHILE's Compania Sud Americana de Vapores (CSAV) and Germany's Hapag-Lloyd have signed a binding agreement to merge and become the world's fourth-largest container shipping line.

Relevant corporate bodies of both companies have approved though the closing of the transaction is subject to approval of competition authorities.

The company will remain in Hamburg, where it will manage 200 ships totalling one million TEU, with an annual transport volume of 7.5 million TEU and a combined revenue of EUR9 billion (US$12.4 billion).

CSAV will initially hold a 30 per cent. The parties agreed on a capital increase of EUR370 million once the deal is done, to which CSAV will contribute EUR259 million, said the Hapag-Lloyd statement.

"This will then increase CSAV's share of Hapag-Lloyd to 34 per cent. A second capital increase of EUR370 million will be linked to Hapag-Lloyd's planned stock exchange listing," said the statement.

Said Hapag-Lloyd chairman Michael Behrendt: "The transaction increases the value of the company and therefore also the value of our shareholders' shares."

Said CSAV chief executive Oscar Hasbun: "By joining forces, we are creating a stronger, larger company with significant economies of scale and a considerably improved competitive position."

The two companies' order books are complementary. "While, at the end of April, Hapag-Lloyd will put into service the last of ten 13,200 TEU vessels ordered for the Far East trade, CSAV still has seven vessels, each of 9,300 TEU, scheduled for delivery in 2014 and 2015," said the press release.

Separately, Reuters reported that South Korea's Samsung Heavy Industries said it was proceeding with a CSAV order worth KRW642.9 billion (US$617.67 million) to build seven containerships.

These containerships are designed for the South American trade. "This means that we will have a young and cost-efficient fleet. The use of optimum tonnage in the trades is one of the key prerequisites for successful operations in the face of international competition," said Mr Hasbun.

Said Mr Behrendt: "I am delighted that we have succeeded in concluding this partnership through which our two companies are playing an active part in consolidating the liner shipping industry."

 
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