Over-capacity builds up in transpacific container trade
The addition of substantial new vessel capacity is widening the gap between supply and demand in the transpacific container trade, according to World Liner Supply, a quarterly reporting service of the ComPairData global liner shipping database. The results of the July 2001 World Liner Supply survey show that transpacific shipping lines have expanded capacity by 9 percent between July 2000 and July 2001, despite the slowdown in trade volumes. Total trade capacity has risen to slightly over 205,000 TEUs a week (equivalent to a yearly one-way capacity of 10.7 million TEUs) this month, from about 189,000 TEUs a week (equivalent to 9.8 million TEUs).
Ocean Carriers Get Marginal Impact From Capacity Cuts
Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of five percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001, according to the January 2002 World Liner Supply report from ComPair Data, leading to an average 1-percent reduction in east/west capacity. But those reductions did not outweigh the addition of substantial new vessel capacity early last year or the ongoing expansion of other carriers…
Ocean Carriers: Marginal Impact from Capacity Cuts
Total container capacity supply by ocean carriers on the three main east/west shipping trades rose by an average of 5 percent in 2001 despite the recent attempts of several carriers to remove excess capacity, according to a report released this week by ComPair Data Inc., a global ocean shipping research and information technology firm based in Jacksonville, Fla. Several ocean carriers in the transpacific and Asia/Europe routes made capacity cut-backs in the last three months of 2001, according to the January 2002 World Liner Supply report from ComPair Data, leading to an average 1-percent reduction in east/west capacity. But those reductions did not outweigh the addition of substantial new vessel capacity early last year or the ongoing expansion of other carriers…
Carrier On-Time Percentage Increased in Feb
The on-time percentage of liner services improved slightly in February, but the ships that missed their berthing window missed it by a wider margin due in large part to labor strife at West Coast U.S. ports, according to this month's Carrier Performance Insight from Drewry. 55% of ships in the three key East-West trades arrived within +/- 24 hours from the advertised ETA, up 6.6% against January’s historic low of 49%. The average deviation from the ETA to actual arrival, however, extended from 1.9 days in January to 2.1 days in February.
Oakland Added to Transpacific Shipping Route
A Transpacific shipping route linking Asia and the U.S. will add weekly Port of Oakland stops beginning in November. The Port said that Oakland will become the sixth stop in the service operated by three Asian shipping lines. The service, known as the Calco-C, connects ports in Vietnam, China and California. It’s expected to bring an additional 50 vessel arrivals to Oakland annually. That could increase Oakland cargo volume by as much as 30,000 20-foot-containers a year. The Port handled the equivalent of 2.28 million 20-foot containers last year.
CaroTrans Launches US-Japan LCL Export Service
Global non-vessel operating common carrier (NVOCC) and ocean freight consolidator CaroTrans announced a new weekly less than container load (LCL) service from Atlanta to major markets in Japan including: Tokyo, Yokohama, Kobe, Nagoya and Osaka. This service eliminates transshipment and double handling in Los Angeles and Busan. Freight moves from Atlanta to Tokyo in 29 days, Yokohama in 30 days, and Osaka, Nagoya and Kobe in 33 days. In Japan, CaroTrans’ partner of 16 years, Seino Logix, provides secure unpack and expedited distribution throughout Japan. Overall, the CaroTrans - Seino Logix service portfolio is comprised of six export services – Chicago, Charleston, New York/New Jersey, Los Angeles, San Francisco and Seattle to Japan, and now Atlanta.
DP World, Prince Rupert Port Ink Feasibility Study Deal
DP World and the Prince Rupert Port Authority have announced an agreement to study further expansion of the Fairview Container Terminal in Prince Rupert. The agreement was signed by DP World Canada Group General Manager, Maksim Mihic, and Prince Rupert Port Authority President & CEO, Don Krusel, further strengthening the commitment of their respective organizations to the development and growth of the Port of Prince Rupert. DP World is the operator of the Fairview Container Terminal and construction is currently underway for the Phase II North expansion.
Hiller Senior VP for MOL Transpacific Trade
MOL announced that Rich Hiller has been promoted to Senior Vice President, Transpacific Trade, effective January 1, 2010. Hiller, currently the Vice President for the Transpacific Trade, joined MOL in November 1995 and held a number of positions in the Transpacific Trade entailing responsibilities covering Pricing, Marketing, and Trade Strategy. A graduate of Claremont Men’s College (now known as Claremont McKenna College) with a Bachelor of Arts degree, Hiller has over 25 years of experience in the containerized shipping industry with overseas assignments that included Singapore, Dubai, and Hong Kong. (www.MOLpower.com)
Carriers Add Capacity in Asian Trades
Jacksonville, Fla. 298,0000 TEUs a week on Jan. week at the beginning of 2004. percent to about 217,000 TEUs a week on Jan. TEUs in January of last year. the growth of cargo volumes in these two trades. expected to have grown by about 17 percent. of ships in both trades at the same time," said Hayes H. of ComPair Data. added. January, has been modest. trades have attracted most of the additional capacity. January 2005, according to ComPair Data. vessel capacities in the transpacific and Asia-Europe trades. On Jan. transpacific trade on 79 joint or individual liner services. date, 433 vessels were deployed on 50 services in the Asia-Europe trade. carriers and their ships operating on 12 major trades worldwide.
National Customs Brokers Petitions for FMC Investigation
The Federal Maritime Commission (FMC) issued a notice stating that the National Customs Brokers and Freight Forwarders Association and the International Association of NVOCCs have petitioned the FMC for an investigation of certain activities of the Transpacific Stabilization Agreement (TSA). The petition alleges that the TSA violated the Shipping Act of 1984 through discriminatory service contracting practices with regard to traffic moving in the eastbound transpacific trades that intentionally discriminate against ocean transportation intermediaries. Source: HK Law
Mediterranean Shipping Co. Announces Appointments
Mediterranean Shipping Company (USA) Inc. (MSC) has announced the following staff promotions and appointments effective immediately: Francesco Pansardi was named Marketing Manager, based in New York City; Tom Hughes was named National Trade Manager Transpacific Service, based in Los Angeles; Halina Rosa was named Trade Manager East Coast for the company's Transpacific service based in New York City; and Juan Wilson has been named Credit Manager, also based in New York City. Francesco Pansardi joined MSC in April of 1998. Prior to that, he had worked with Henkel Cosmetic Italia in Parma as product manager, and before that, with Bruno Magli Group as assistant product manager.
Transpacific Trade Organizational Changes
MOL has announced the following organizational changes which will take effect in August 2013. These changes will further build the MOL organization as one that customers and employees can continue to count on. Calvin Duffaut, assistant vice president, yield management and corporate communications for MOL (America) Inc. has been promoted to vice president, yield management of MOL Liner and will relocate to Hong Kong. Duffaut joined MOL in 2007 after many years of management experience in trade management, pricing and logistics with Pacer Stacktrain Ltd., American President Lines, and Lykes Bros. Steamship Inc. Duffaut holds an undergraduate degree from Yale University. He will report to Jotaro Tamura, senior vice president, liner yield management, equipment management and network operation.
Container Shippers Seek Rate Hikes
A group of container-shipping companies will reportedly seek rate increases of between 10 and 15 percent next year on cargo traveling to the United States from Asia. The group, the Transpacific Stabilization Agreement, represents 14 container-shipping companies that handle goods ranging from clothes to electronics, toys and home furnishings. Cargo in the trade, of which the group handles more than 70 percent, has been valued at more than $200 billion a year. The rate increases are scheduled to go into effect May 1, 2000. The Oakland, Calif.-based Transpacific Stabilization Agreement represents major shipping lines including A.P. Moller-Maersk Line, Evergreen Marine Corp.
Lloyd Triestino and CMA CGM to Co-operate on the Transpacific
Italian carrier Lloyd Triestino di Navigazione SpA and the French line CMA CGM have agreed on a joint cooperative agreement in the transpacific trade. This agreement, which is still subject to approval by the relevant governmental authorities, will consist of an exchange of slots between the TPX service of CMA CGM and the CPN/CPS loops of the China-West Coast North America service of LT. It will also enable both carriers to upgrade services for customers without adding to the capacity already offered on transpacific trades. Approvals are expected within early May after which each carrier will take 200 TEU on each other's service each week both eastbound and westbound.
East-West Freight Rates Remain Down After Chinese New Year
Following three consecutive months of price rises, freight rates on the East-West trades declined in February, according to Drewry’s online Container Freight Rate Insight. Rates came under most pressure on the Asia-Europe trade, which weakened following a meteoric rise in the run-up to the Chinese New Year. Drewry’s Asia-Europe Westbound Freight Rate Index dropped 12% in February to $2,992 per 40ft container, while weekly data from the World Container Index assessed by Drewry indicates that the pricing erosion has continued into March.
Tenth & Final S-Series Ship Delivered
Ever Salute, the last of ten 7024TEU S-series vessels being built for Evergreen in Japan, was launched on September 8 at Mitsubishi Heavy Industries’ Kobe shipyard. The vessel was named by S S Lin (Lin Sun-san), First Vice Group Chairman of the Evergreen Group, while the ceremonial rope cutting, sending the ship down the slipway, was performed by Mrs Fusae Katsumata, the wife of Mr Nobuo Katsumata, President and CEO of the Marubeni Corporation. Due for delivery in January 2008, Ever Salute is scheduled to join one of Evergreen Line’s transpacific services. The first eight vessels are now operating on the company’s new China Europe Shuttle (CES) that offers a fast link between Asia and North Europe…
Transpacific Container Shippers Plan Freight Rate Rise
A container shipping organisation urged companies on Wednesday to raise Asia-U.S. freight rates by at least $600 per 40-foot container (FEU) from Feb. 9, and indicated that it will follow with a second $600 per FEU increase on March 9. TSA (Transpacific Stabilization Agreement) said the planned increase follows strong cargo demand through the typically slower winter season and heading into the Lunar Yew Year holidays. The recommended freight rates hike correspond to an increase of respectively 30.3 pct. and 23.3 pct. Members of TSA include 15 of the world's biggest container shipping lines such as Denmark's Maersk Line, a unit of A.P.
FMC Extends Fact Finding Investigation
The Federal Maritime Commission has extended the Fact Finding Investigation No. 25 - Practices of Transpacific Stabilization Agreement Members Covering the 2002-2003 Service Contract Season. Continuation of the Fact Finding Investigation will enable the Commission to collect additional information with respect to possible violations of section 10 of the Shipping Act of 1984, 46 U.S.C. app. § 1709, by the Transpacific Stabilization Agreement (“TSA”) and its member lines, as well as to continue to pursue other issues revealed in connection with this Fact Finding Investigation. A cornerstone of the Shipping Act, as amended by the Ocean Shipping Reform Act of 1998, is to foster growth and competition in ocean transportation through a greater reliance on the marketplace.
Canada Maritime’s Pacific Gateway Service Makes Strong Start
Canada Maritime's new weekly transpacific service has started off with the first Canada Maritime Asian export containers being shipped on TMM Guadalajara from Shanghai. On arrival at the Fraser Surrey Dock within the Fraser River Port south of Vancouver later today, she will complete Canada Maritime's first ever eastbound transpacific voyage. Whilst in Fraser Surrey Dock, the 2,100 teu capacity vessel will be renamed Canmar Dynasty. Westbound sailings of Canada Maritime's Pacific Gateway Service started on May 25th when the Santa Giorgina, also 2,100 teu capacity, sailed from Fraser Surrey Dock for a June 7th arrival in Tokyo. The service also calls at, Shanghai, Qingdao and Pusan.
Rickmers-Linie Adds Capacity
Rickmers-Linie has experienced an increase in demand for its services; predominantly on its Middle East/India and Transpacific routes. In order to boost capacity, it has recently chartered two vessels, Tarpon Clipper and Miami, on a long-term basis. The multipurpose vessel Tarpon Clipper, renamed Rickmers Doha, has been chartered for two years and will serve the booming trade from Europe to the Middle East, India and Pakistan. Her first voyage as Rickmers Doha will be completed on 14 May with a call in Mumbai. The ship, built in 1979, has a deadweight capacity of approximately 23,200 tons and is equipped with one Stülcken derrick capable of lifting units up to 150 tons.
Barge-Rail Service on Upper Columbia, Snake Rivers
Container barge service is back on the upper Columbia and Snake rivers.The Up river Container Barge-Rail Shuttle will help importers and exporters in eastern Washington, Oregon and Idaho move containerized agricultural products to markets in Asia. An informal partnership including Northwest Container Service, Tidewater Barge and the ports of Morrow, Lewiston and Portland helped facilitate the return of this service. The first barge is currently loading at the Port of Lewiston this week and expected to get underway Thursday.
Transpacific Vessel Capacity Resumes Growth
Total vessel capacity supply by ocean carriers on the transpacific trade has started increasing again, according to a report released this week by ComPair Data Inc. Weekly eastbound transpacific capacity expanded by 2 percent between January and April 2002, to 201,000 TEUs, while the latest capacity count also represents a 4-percent increase when compared to April last year. of 100 in April 2001) Carriers/carrier group April '01 July '01 Oct. '01 Jan. Several ocean carriers on the transpacific route made capacity cut-backs in the last three months of 2001, but this trend has now stopped, the April 2002 World Liner Supply report from ComPair Data shows.
Lauer Joins Matson as Director, Transpacific Services
John P. Lauer has joined Matson Navigation Company as director, Transpacific services, for Matson's China - Long Beach Express. Lauer will lead Matson's U.S. sales efforts for its burgeoning China - Long Beach Express service and will focus on trade lane yield management and revenue enhancement strategies in conjunction with other Matson operations. He will report to Dave Hoppes, senior vice president, ocean services. Lauer comes to Matson with 20 years of sales experience, including a number of senior level executive positions encompassing maritime and logistics activities. Most recently, he was managing director, eastern region, for APL and APL Logistics at the NOL Group level. Lauer led these companies in reaching key performance sales and profit benchmarks.