PostHeaderIcon MSC closes in on top carrier: Maersk grows by 0.2pc and MSC by 3pc

MSC closes in on top carrier: Maersk grows by 0.2pc and MSC by 3pc
THE world's biggest container shipping line, Maersk, only grew capacity 0.2 per cent last year while the No 2 line, the Mediterranean Shipping Company (MSC) grew its fleet three per cent.

Thus, Maersk Line's lead over its proposed P3 alliance partner, MSC, is narrowing after the Danish carrier halted its fleet expansion programme last year, opting instead to focus on improving vessel utilisation, reports Lloyd's List.

With only 16 more 18,000-TEUers to come, and no new orders, Maersk has a smaller order book than MSC, which operates 445 ships of 2.24 million TEU, against Maersk's 574 ships of 2.6 million TEU.

Maersk took delivery of four 18,270 TEUers in 2013, plus five other ships designed for the Africa and Latin America trades.

Maersk was cited as saying that it has "optimised" network costs by terminating the lease agreements on 14 chartered ships late last year, including five that have been redelivered and nine to be returned to their owners this quarter.

Its total chartered fleet was reduced by 27 ships in 2013 to one million TEU, representing a year-on-year decrease of eight per cent.


PostHeaderIcon Port of Portland to pay Hanjin Shipping to stay at port

The Port of Portland plans to pay up to $4 million more to persuade Hanjin Shipping and other shipping lines to keep calling in the face of ongoing labor problems and weak terminal productivity.
Port commissioners will vote Wednesday on an incentive plan to pay Hanjin and other shipping lines $20 per-container moved through Portland up to a certain threshold. Carriers would get an added $25 payment for each increase in the number of containers they transported.

The incentive plan is being considered as Hanjin officials are poised to decide any day now whether to continue weekly vessel calls at Portland, and it is the most generous package the port has given shipping lines since labor disputes erupted in 2012.
"This is part of our concerted effort to keep Hanjin here," said Sebastian Degens, port general manager of marine business development. "I'm optimistic that it will be successful."
Hundreds of Northwest exporters and importers depend on Hanjin to carry cargo to and from Asia. But Hanjin has suffered heavy global financial losses and looking for ways to cut costs. Hanjin managers said the company may end calls on Portland or Seattle, or at one of two ports in British Columbia: Vancouver or Prince Rupert.


PostHeaderIcon Clarkson: Global box trade to grow 6pc in 2014 with north-south leading

THE global container trade is projected to expand six per cent in 2014 with 2013 growth estimated to have reached five per cent, says London's Clarkson Research Service. Thursday, 20.Feb.2014, 23:01 (GMT+2)

Clarkson: Global box trade to grow 6pc in 2014 with north-south leading
THE global container trade is projected to expand six per cent in 2014 with 2013 growth estimated to have reached five per cent, says London's Clarkson Research Service.

Global container supply is expected to increase 4.8 per cent this year, potentially set to be outpaced by worldwide demand growth, said its latest Container Intelligence Monthly.

"Mainline trade recovered in 2013, increasing by an estimated 3.9 per cent last year, while growth is forecast to improve in 2014 to five per cent," said the report.

Far East-Europe volumes increased by four per cent in 2013 to 14.9 million TEU, according to estimates and are projected to grow 5.1 per cent in 2014.

Eastbound transpacific volume is expected to grow four per cent in 2013 to 14.5 million TEU and is projected to grow another 5.2 per cent this year, said Clarkson.

North-south volumes are anticipated to grow 5.6 per cent in 2014. Meanwhile intra-regional trade is expected to grow 6.9 per cent in 2014.

Structural container oversupply persists, said Clarkson and freight rates on individual routes will be determined mostly by capacity management.

The speed and size of cascading tonnage will remain crucial as charter market profit remains in the doldrums.

But the return of mainlane trade growth is good news for all and "likely to temper supply pressure this year. In addition, record scrapping level, along with the small sub-8,000 TEU orderbook and potential slow down of the cascade would start to support the charter market in medium term".


PostHeaderIcon CMA CGM embarks on major Africa push by land and by sea

FRENCH shipping group CMA CGM is launching a major offensive to aggressively expand in Africa at sea and on land, describing 2014 as the year of "African ambition" in a new advertising campaign.

This new campaign highlights the group's activities in Senegal, Somalia, Nigeria, Mozambique and Mauritania, and utilises a CMA CGM Africamax vessel specially built to optimise operations in African ports.

The company said in a statement that it aims to reinforce its maritime services with the opening of new trades and port calls, modernisation of port infrastructure, extension of intermodal transport solutions to deliver cargo inland, and by creating new logistic platforms to offer a wide range of additional services, including storage and stuffing.

Highlights so far this year include the opening earlier this month of a second container platform, the Terminal Conteneurs Dakar 2 (TCD2), to serve Senegal's import/export market.

This second platform managed and operated by CMA CGM in Dakar boosts the full/empty storage capacity of the TCD1 that has been operated by the group for three years to 1,000 TEU.

"The TCD1 and TCD2 platforms will regroup full and empty bonded container storage activities, local deliveries (10 tractors and 30 own operated trailers), stuffing and unstuffing, transit, railway and road transport, notably to Mali, as well as a 64 plugs reefer zone," the release said.

Also this month the group commenced operations at two new agencies in Nouakchott and Nouadibhou in Mauritania.

In January an agreement was signed for a 25 per cent stake in Lekki Terminal in Nigeria by wholly-owned group subsidiary, CMA Terminals.

Also last month, it launched a new feeder service dedicated to Mozambican ports, called Rhino Express, as well as the Noura Express, a new service linking the world with Somalia through its hub in Khor Fakkan.

In 2013 CMA CGM transported 1.2 million TEU to/from Africa. The company entered the Africa trade in 2001 with the WAX service that linked West Africa to China, and consolidated its presence with the 2006 acquisition of Delmas, a maritime transport provider in Africa.


PostHeaderIcon Shipping Sector Review 2013

The global shipping industry is one of the leading industries of today's times and plays a significant role in the economic, political and national interests of countries. The IMF has forecast a slight improvement in the global economy (3.5%) in 2013. The World Trade Organisation’s projected trade growth is 3.3% in 2013 rising to 5.0 % in 2014. Seaborne trade during 2012 reached 9,468 million tons with a ratio of 4% and was expected to reach 9,863 million tons in 2013 with a ratio of 4,2% (Manuel Carlier de Lavelle, Merchant Marine and Maritime Transport 2012/2013, ANAVE). World seaborne trade will reach between 19 and 24 billion tonnes a year by 2030, the report entitled "Global Marine Trends 2030".
However, during the coming years, the global shipping sector is expected to decline by 5-10% due to oversupply and high bunker oil prices ( Shipbuilding has been in crisis since 2013 due to supply-demand gap, continued delivery of large numbers of ships, stiff competition between shipbuilders due to shipbuilding overcapacity, difficulties encountered by shipowners in securing financing, a reduction in profit margins for shipbuilders and owners etc. (BRS, 2013 Annual Review Shipping and Shipbuilding Markets).
On 1st January 2013, the world merchant fleet comprised of 54,859 ships with a total of 1,543 million dwt, which shows an increase of 4.1% as compared to the previous year (Manuel Carlier de Lavelle, Merchant Marine and Maritime Transport 2012/2013, ANAVE). Platou also estimates that the Merchant fleet grew by 7.3% in 2012, 5.3% in 2013 and will grow by3.7% in 2014. Platou also estimated that in 2013 the tanker fleet would grow by 4%. Clarkson predicts demand for crude and product transportation (in t·miles) will increase by less than 3.1%. According to BIMCO, crude oil tanker asset values continue to decline. Product tanker supply increased in 2013 and will gradually decline in 2014-2016. Product tanker contracting has been intensive in 2013 and new orders have tripled. The order-book-to-fleet ratio is 18% for product tanker fleet for sizes between 45,000-60,000 dwt.
The tanker market has also been affected by the oversupply of vessels and by lower OPEC production levels. According to The Baltic and International Maritime Council-BIMCO, the dry-bulk and crude oil tanker segments have the largest supply-demand gap due to over supply in 2013. (BIMCO Market Analysis Reports 2013), (ISL Shipping Statistics and Market Review, 2013). BIMCO estimates that crude tanker supply growth in 2013 will come in at 3.4%.
Total value of Newbuilding orderbook as of 1st August 2013 is US$279.4 bn compared to US$286.2 bn in 2012. In 2013, there was an increase in the orderbook of gas tankers and other cargoes (tankers, bulk carriers and containers) and the orders for other ships were on decrease. According to a BIMCO research paper; asset value of crude oil tankers continue to fall. BIMCO expects 2013 full-year deliveries to come in just shy of 20 million dwt – equal to a fleet growth of 2.9%.
BIMCO expects that over capacity in the shipping building industry will increase between 2012-2020 and it will be a potential threat to the shipping sector.
BIMCO expects total container shipping fleet capacity to grow by 5.9 % in 2013. Container volumes have grown on the Far East to Europe trading lane by as much as 1.9% in the period of January-July 2013. As of December, 11 2013 there are 5,961 ships active on liner trades, for 17,748,708 TEU. The percentage of operator's share of the world liner fleet in TEU terms. Maersk Line , Mediterranean Shipping Company and CMA CGM, currently stand at 15.6% of their current fleet. The combined order book of the next 18 carriers has reached 19.8% of their existing fleet (
Container trade will grow by 4.7% in 2013 and 5.7% next year, reaching 684 million TEU by the end of next year, according to the latest forecasts from Drewry. Port capacity is only expected reach 994 million TEU.
BIMCO forecasts that there will be growth in container shipping and container supply-demand imbalance in the market will continue in the coming years. This situation will have a negative impact on the market.
Maersk Line has taken delivery of five mega ships with a capacity of 18,270 TEU each this year and another 16 sister ships will be finished by DSME shipyard in South Korea and delivered within the next year and a half. Mærsk Mc-Kinney Møller which is the lead ship of Maersk's Triple E class of container vessels and has the largest cargo capacity in the world with 18,270 TEU, a total length of 399 metres, a maximum speed of 23 knots and constructed for Maersk by Daewoo Shipbuilding & Marine Engineering (DSME) of South Korea. She is reducing her fuel consumption and carbon dioxide emissions by 20 percent compared to the previous most efficient cargo vessel.
Mid-July numbers from Alphaliner indicates that 187 units for 448,000 TEU is currently idle. This represents 2.7% of the total fleet. BIMCO expects that vessels with a total capacity of 450,000 twenty-foot containers (TEU) will be scrapped in 2013.
29 million DWT of new dry bulk vessels have been ordered so far in 2013. According to BIMCO dry bulk supply growth has been decreasing since 2010 and will gradually decrease so that in 2015 no growth is expected. For 2013, Platou estimates that the bulk carrier fleet will grow by 7% while demand transport will increase by 5-6%. Dry bulk trade volume is expected to grow by 6% on average in the next 4 years. According to analysts, China's demand for dry bulk market will continue to remain the focus of attention, and demand for bulk carriers is expected to continue. (Karaçelik, L., Marvel and Marine Consulting Inc.).
The trend will be for larger vessels in 2013 and for the coming years.
On December 24, 2013, the Baltic Dry Index (BDI), which is an important indicator of world trade, climbed to 2,227 points, up 30 points (1.34%) against the level of December 23. This situation is an indication of correction of imbalance between the supply and demand ( The worldwide cruise ship market for 2013 is estimated to be worth US$ 36 billion – up 4.8% from last year. The World Travel & Tourism Council estimates the total worldwide cruise capacity in 2013 tol be around 439,000 passengers - an increase of 3% on 2012.
To improve the energy efficiency of ships, IMO and relevant organizations are conducting studies on various procedures such as slow steaming, technologies to reduce carbon emissions through various technical and operational measures.
Maritime Claims Against Reinforcement of the Limitation of Liability Regarding the 1976 Convention, the 1996 Protocol (Protocol of 1996 to Amend The Convention on Limitation of Liability for Maritime Claims, 1976) maritime security and safety and environmental issues for additions were made. Energy efficiency and reduction of greenhouse gas emissions, are important regulations that the IMO has implemented under its auspices and have entered into force from 1st January 2013.
The International Labour Organization’s Maritime Labour Convention (MLC, 2006) comes into force on 20th August 2013. It aims to provide acceptable global conditions of work for seafarers, thus ensuring secure economic interests in fair competition for shipowners.
There have been 188 incidents of piracy and armed robbery against ships in the first nine months of 2013. In 2013, 10 vessels were hijacked, 17 vessels fired upon, 140 vessels were boarded, and there were 21 attempted attacks. A total of 266 crew were taken hostage, 34 kidnapped, 20 injured and 1 killed. The downward trend in attacks in the Gulf of Aden, off Somalia and Red Sea is attributed to the crucial action of the naval vessels engaged in anti-piracy operations, compliance with the Best Management Practices (BMP) and the use of professional security teams on board. Although the number of attacks has dropped significantly in Benin, the areas near Benin and Togo remain risky (ICC, IMB Piracy and Armed Robbery Against Ships Report, January-September 2013). From 1st January 2013, reinsurance costs have significantly increased for most classes of business, including for P&I Clubs and all other insurers.


Call Mr. Phúc
Mr. Phúc
Call Ms. Huê
Ms. Huê
0976 55 99 35
Call Mr. Quang
0976 55 99 35
Mr. Quang
Call Ms. Anh
Ms. Anh

Member(s) of


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