Carriers Add Capacity in Asian Trades

Thursday, January 06, 2005
Despite a shortage of containerships in the charter market, shipping lines have succeeded in adding very substantial capacity in the major Asian east/west trades, according to a report released this week by ComPair Data Inc., a shipping research and database provider based in Jacksonville, Fla.

Trade-wide eastbound transpacific capacity rose by 17 percent to about 298,0000 TEUs a week on Jan. 1 of this year, up from about 255,000 TEUs a week at the beginning of 2004.

Total westbound capacity in the Asia-to-Europe trade expanded by 18 percent to about 217,000 TEUs a week on Jan. 1, 2005, from about 183,000 TEUs in January of last year.

The annual increases in nominal ship capacity match relatively closely the growth of cargo volumes in these two trades. In the headhaul (ex-Asia) direction, cargo volumes in the transpacific trades are estimated to have increased by about 14 percent in 2004, while Asia-to-Europe box volumes are expected to have grown by about 17 percent.

"Shipping lines added five transpacific services and four Asia/Europe services before the 2004 peak season and have increased the average capacity of ships in both trades at the same time," said Hayes H. Howard, President of ComPair Data.

"Contrary to previous years, transpacific carriers have not, until now, suspended services launched before the peak season, with one exception," he added.

Capacity growth in the transatlantic trade, at 5 percent since last January, has been modest. Over the past four years, the North America/North Europe trade has continually seen only a marginal increase in supply, while the booming Asian trades have attracted most of the additional capacity. The ratio between the headhaul eastbound Pacific capacity and the headhaul westbound Atlantic capacity was 3:1 in January 2001, but this figure has now widened to 5:1 in January 2005, according to ComPair Data.

The January 2005 World Liner Supply report from ComPair Data also identifies, loop by loop, how individual carriers or alliances changed their vessel capacities in the transpacific and Asia-Europe trades.

On Jan. 1, liner shipping companies employed a total of 565 ships in the transpacific trade on 79 joint or individual liner services. At the same date, 433 vessels were deployed on 50 services in the Asia-Europe trade.

These are just some of the highlights from the latest World Liner Supply report, which tracks capacity, service and partnership changes for all liner carriers and their ships operating on 12 major trades worldwide.

Maritime Reporter April 2015 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Offshore

Italian Navy Takes Back Fishing Boat Seized Near Libya

The Italian navy took back control on Friday of a Sicilian fishing boat that had been seized overnight by unknown assailants near the Libyan coast, the defence ministry said.

Steelhead Introduces a New Yacht Crane

Steelhead Marine, a North American crane manufacturer, has expanded its product offering with the launch of the new E Series 1000 crane. Suited for commercial and recreational vessels,

SEACOR Marine Sweeps NOIA SIS Awards

The National Ocean Industries Association (NOIA) today presented SEACOR Marine with the 2015 NOIA Safety in Seas (SIS) Culture of Safety Award and Safety Practice Award.

Container Ships

Long Beach Cargo Rises Sharply in March

Port of Long Beach sees jump in shipments with easing of congestion   Cargo surged upward in March at the Port of Long Beach with a 32 percent increase over the same month last year,

Container Volumes Jump at Port of LA

Year-over-year Port of Los Angeles container volumes for March rise by 17 percent; second busiest month in port’s history   March containerized cargo volumes at the Port of Los Angeles increased 17.

Georgia Port Increases Container Traffic

The Georgia Ports Authority increased containerized cargo in March by 27.8 percent compared to the same month a year ago, for an additional 72,499 20-foot equivalent container units (TEUs).

 
 
Maritime Contracts Maritime Standards Naval Architecture Navigation Offshore Oil Pipelines Port Authority Ship Repair Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.3255 sec (3 req/sec)