MARSEILLES' shipping giant CMA CGM has announced the reshuffling of its Asia - South Africa and Mozambique services as well as changes to its services from Asia to South Africa and Mozambique in partnership with Maersk.
From April 24, the new CMA CGM Asia -South Africa service network will be covered by the following loop called the New SHAKA2 and will rotate through Shanghai, Ningbo, Fuzhou, Shenzhen-Yantian, Tanjung Pelepas, Port Louis, Durban, Port Elizabeth, Ngqua, Port Louis, Singapore and Guangzhou Nansha New Port. The service will the deploy eight vessels in the 6,500 TEU range and be operated by CMA CGM and Maersk.
From May 8, the new CMA CGM Asia - Mozambique service network will be covered by the New MOZEX2 service, against run by CMA CGM and Maersk with vessels, this time in the 2,200-TEU range and rotating through Tanjung Pelepas, Port Kelang, Point des Galets, Toamasina, Maputo, Beira, Nacala and Port Louis.
"These two new services will replace the current Shaka and Mozex services operated by CMA CGM," said a statement from the company. "This reorganisation is part of CMA CGM's commitment to keep providing its customers with the best quality of service on the Asia - South Africa/Mozambique trades," said a company statement.
CMA CGM is the world's third largest container shipping company and is ranked number one in France. Operating a fleet of 394 vessels, it serves more than 400 ports and has a presence in 150 countries through its network of 650 agencies and branch offices. CMA CGM employs 18,000 people worldwide.
Shipping Gazette - Daily Shipping News
DANISH shipping giant, Maersk Line, has "relaxed" its four-week old booking embargo on the North Europe-Asia trade while warning rates will rise shortly, reports London's International Freighting Weekly.
But the next round of general rate increases (GRI) expected to be US$400-$450 per TEU on the Asia-Europe trade, are planned for May 1.
The suspension of bookings, announced on March 20 and blamed this on a lack of space, was controversial, given the route's status as a less used backhaul route.
In an email to customers, Maersk Line warned customers that "strong space pressure" was expected to continue through April and May, implying that pressure would also apply to prices.
Meanwhile, the wider industry's general restoration of freight rates showed little overall sign of letting up, although the key Asia-Europe component of the Shanghai Containerised Freight Index (SCFI) did slip US$26 to $1,744.
The World Container Index showed no signs of change on the Rotterdam-Shanghai backhaul, which held steady at $608 per FEU, but that did not reflect Maersk's reinstatement of backhaul services, said IFW.
Ahead of the recent transpacific general rate increase (GRI), the SCFI's Shanghai-US west coast and Shanghai-US east coast components saw far bigger moves, with rises of $257 and $309, respectively.
Transpacific carriers had previously proposed a $400 increase to take effect later this month. Ben Gibson, a container rate derivatives broker at London's Clarkson Securities, said market participants still doubted that current demand for freight space was sufficiently high to ensure rate increases would hold.
"The increases follow the pattern already exhibited by the Asia-westbound routes, as carriers seek to restore profitability to the mainline trades," he said.
"Our analysis follows some of the supply trends that have underpinned these rises, but there is a growing feeling in the market that such strength is unsustainable, given current levels of demand," said Mr Gibson.
Shipping Gazette - Daily Shipping News
EMIRATES Shipping Line has announced a rate increase of US$300 per TEU for all cargo from the Far East to the Middle East from May 1.
Emirates Shipping, registered in Dubai and commercially run from Hong Kong, said the increase was made in light of "market developments".
Shipping Gazette - Daily Shipping News
DURING the first three months of this year, seaports in southeast Fujian province handled 2.24 million TEU, an 8.9 per cent year on year increase, reported Xinhua.
Port of Xiamen's throughput increased 10.1 per cent to 1.5 million TEU. Fuzhou port's climbed 2.9 per cent to 384,400 TEU. Meizhou Bay ports handled 363,700 TEU, up 10.8 per cent.
In the same period, Fujian's ports recorded a throughput tonnage of 87.41 million tonnes, up 8.1 per cent year on year. Xiamen handled 36.93 million tonnes, up 2.1 per cent. Fuzhou's throughput increased 11.2 per cent to 22.95 million tonnes. Meizhou Bay ports handled 27.52 million tonnes, up 14.4 per cent.
Shipping Gazette - Daily Shipping News
GERMANY's Hamburg Sud has posted a seven per cent year-on-year increase in revenue to EUR4.8 billion (US$6.3 billion), largely attributable to nine per cent growth in its container business.
Container volume increased to 3.1 million TEU in 2011. Asian services grew well and satisfactory performances were experienced in inter-America and Pacific services. But Mediterranean operations "fell below expectations as did Brazilian exports", said the company.
Hamburg Sud said business "was not satisfactory in 2011." The company experienced six per cent growth to EUR4.2 billion because of a weak US dollar in 2011, "a gain out of the proportion to shipment volume".
"It remains to be seen whether the recovery of freight rates will be lasting, or whether drops will recur, especially with the end of seasonal trade on the Asia routes," said the statement from the company.
The company said 2011 bunker prices were 37 per cent higher in Rotterdam year on year. Serious challenges also included price increases in cargo handling and road and rail transport.
On the plus side, the carrier said it had added new connections between South America, the Mideast with new calls at Tangiers and at Cartagena in Colombia.
Hamburg Sud also signed a vessel sharing agreement with another shipping company last year, which is to be extended into 2012 on its Europe-eastern Mediterranean service. It also added capacity on promising trade lanes between Europe, India and Pakistan.
Looking ahead, the Germany's second largest container carrier, which also owns the Brazilian shipping company Alianca, said: "Even with a moderately positive development in the world economy and world trade, it will be one or two years before global cargo volume and slot capacity regains equilibrium.
But the company noted that carriers are cutting unprofitable services, idling ships, looking to scrap older ships sooner than expected and may well engage in more slow steaming, which will help trim excess capacity in the market.
Shipping Gazette - Daily Shipping News
CHINA's Three Gorges Shiplock facilitated the movement of 18 million tonnes of cargo in the first quarter, experiencing growth in container cargo, living supplies and agricultural materials, reports Xinhua.
Foreign trade container increased 7.6 per cent year on year to 1.83 million tonnes, while living supplies went up 21.9 per cent to 3.07 million tonnes, and agricultural materials increased 31.7 per cent to 2.27 million tonnes. But oil shipments remained flat at 1.09 million tonnes.
Cargo moving upstream to Chongqing came to 11.41 million tonnes, accounting for 63.4 per cent of the total. Upstream cargo was mostly of construction materials such as steels and cement and iron ore. Traditionally, downstream cargo is largely coal, though its volume dropped 50 per cent year on year to 2.7 million tonnes.
Shipping Gazette - Daily Shipping News
TIBET government's statistics show that the region moved 10.4 million tonnes of cargo in 2011, 6.2 per cent more than in 2010, Xinhua reports.
Road cargo traffic increased 2.8 per cent to 9.79 million tonnes. Railway cargo surged 62.5 per cent to 486,300 tonnes. Air freight dropped 17.7 per cent to 12,100 tonnes.
In the same year, the region registered a passenger volume of 39.38 million, which plunged 52.6 per cent. Road passenger volume fell 54.6 per cent to 36.59 million. Railway passenger numbers increased 8.7 per cent to 958,600. Air passenger numbers grew 18.9 per cent to 1.83 million.
As of the end of 2011, there have been 63,108 kilometres of roads in operation in Tibet, 4,859 kilometres more than in 2010.
Shipping Gazette - Daily Shipping News
CONTAINER volume increased one per cent to 30 million tonnes year on year at the Port of Rotterdam in the first quarter, but at the same time dropped four per cent to 2.8 million TEU, said port authorities.
"Economic conditions are putting pressure on imports of container cargo, mainly from Asia," said a port authority statement. "Exports of loaded containers are increasing, however," said the statement from the port.
Sixteen per cent fewer empties went back to the east. "As expected, ro-ro traffic remained stable, in line with the development of the British economy. The fall in general cargo can be attributed to the disappointing imports of steel slabs, raw steel from which semi-manufactured products such as steel plates are made," said the statement.
Overall, quarterly volume was up three per cent year on year at 110 million tonnes with agribulk down 15 per cent, iron ore and scrap were down 14 per cent, other dry bulk was down 19 per cent and other general cargo was off 19 per cent.
But coal was up 15 per cent, crude oil six per cent, mineral oil products up 13 per cent and other liquid bulk eight per cent. Imports of LNG and incoming ro-ro were stable.
"The results are better than expected," said Rotterdam port CEO Hans Smits. "According to the prognosis at the end of 2011, there would be a slight fall in the first half, followed by recovery in the second half, with a stable or slightly increased end result.
"From this perspective, we 'laid on some fat' in the first quarter. Whether or not we'll need to draw on it depends on the German and Dutch economies. The former continues to develop positively, while the latter still gives little reason for optimism. Exports to countries outside the EU, the majority of which travel via Rotterdam, provide a ray of hope," said Mr Smits.
Shipping Gazette - Daily Shipping News
THE National Chambers of Commerce and Industry of Malaysia (NCCIM) is organising a trade mission to Chennai, India and Colombo, Sri Lanka from May 6 to 11.
This mission will be led by Tuan Syed Ali Mohamed Alattas, the president of NCCIM.
The objectives of the mission are: to explore business potentials in India and Sri Lanka; to obtain first-hand information on the practical aspects of doing business in these countries; to promote Malaysian products and services; and to promote joint ventures with local businessmen.
"Both India and Sri Lanka are developing at a rapid phase and thus offer ample opportunities for Malaysian companies in the field of export of merchandise and services, and also investment," a statement from NCCIM said.
Shipping Gazette - Daily Shipping News
SWISS forwarding giant Panalpina has admitted that the sector has earned its reputation for anti-competitive behaviour, but argues that the image is outdated, according to London's Financial Times.
The company, together with 13 others were recently fined EUR169 million (US$225 million) by the European Commission for participation in cartels in international air freight forwarding services.
Panalpina was fined EUR46.5 million, while Kuehne & Nagel, also based in Switzerland, was told to pay EUR53.7 million. Deutsche Bahn and subsidiary Schenker were fined 34.9 million. The various companies operated one of the international cartels based on meetings at an unpretentious Italian restaurant near London and used code words like "fresh marrow" and "asparagus" to disguise illegal surcharges.
In an interview, Panalpina's chief executive, Monika Ribar, admitted that her company and its peers had a record of cartels and other anti-competitive practices. "It is true our industry has gained a poor record, based on problems in the past. But companies have learned to deal much more seriously with the situation in recent years."
Mrs Ribar argued change had been triggered by much tougher laws in Europe and the US, and a greater emphasis on ethics among freight companies.
She pointed out that the latest EU fines reflected past problems that had taken years to investigate fully. "The EU Commission has taken five years to get somewhere. The whole story happened between 2000 and 2005. Our company has changed dramatically in the meantime."
Panalpina, which ranks itself fourth behind DHL, Kuehne & Nagel and Schenker, has had various brushes with regulators. In addition to the latest European crackdown, the group has previously paid almost $82 million in a deferred prosecution agreement under the US Foreign Corrupt Practices Act, after probes into its Nigerian activities prompted it to pull out of the country.
Panalpina has also lost business from government departments and big companies whose policies forbid them from trading with partners sanctioned for anti-competitive or corrupt practices.
"Now as a chief executive in freight you deal more and more with lawyers than with your core business", said Mrs Ribar. Among the changes she has instituted in the company include elevating compliance, with the appointment of a chief compliance officer reporting directly to the CEO, creating much bigger local compliance teams and increasing focus on corporate ethics.
"Companies have learned to deal much more sensibly with the situation," Mrs Ribar said. "At Panalpina, we haven't left a single stone unturned in re-examining the way we do business."
Shipping Gazette - Daily Shipping News
A SERIES of "catastrophic claims' has resulted in a plunge in profits at London transport insurer TT Club, according to its CEO Charles Fenton.
TT Club was much exposed to earthquake in Christchurch, New Zealand, the earthquake/tsunami in Japan, flooding in Thailand as well as facing substantial losses arising from the grounding of the 3,370-TEU Rena off New Zealand in October.
TT Club does 32 per cent of its business with ports and terminals, 23 per cent with ocean carriers and related service providers, containers and chassis equipment as well as 19 per cent with logistics operators.
These claims offset the TT Club's 8.5 per cent increase in premiums to US$181.7 million, compared with $167.4 million in 2010, and led to net profit falling 90 per cent to $1.2 million.
But Mr Fenton said the TT Club's combined ratio of 98.6 per cent remained under 100 per cent, thus payments and expenses were more than offset by income, reported London's Containerisation International.
Said TT Club chairman Knud Pontoppidan: "This is a very important and healthy position to be in, given market conditions as they are."
Mr Pontoppidan also took comfort in the TT Club's record $145.4 million reserves, its good underwriting results and stable financial position.
Shipping Gazette - Daily Shipping News
GLOBE Express Services, of Charlotte, North Carolina, a major logistics provider, has finalised the acquisition of Rome-based International Transport Services Associated (ITSA), according to a GES statement.
ITSA ranks fourth in Italy in terms of volume on forwarding volume in the Asia-Italy trade, operating from Milan, Venice, Taranto, Pomezia, Civitavecchia and Bari, as well as its own warehouses in Rome and Milan.
With the deal, GES increases its global network to 56 corporate offices worldwide, reflecting the company's commitment to working with the right people in the right places to support its growth plans.
In 2011, Italy boasted the world's eleventh largest economy in terms of purchasing power, with an estimated GDP of US$1.82 trillion. The national economy is driven in large part by the manufacture and export of high-quality consumer goods, including textiles, apparel, footwear, motor vehicles, food and beverages.
But despite weakness of the Italian import market brought about by the European debt crisis, ITSA has managed to maintain its position and market share Italy-Asia Pacific trade, said the GES statement.
Said GES chairman Gilbert Khoury: "This acquisition not only expands our office network in Europe, but extends to the Italian market key service segments (air freight, warehousing, consolidation services) already provided by GES France and GES Switzerland. In addition, we are strengthening our global footprint and product offering in relation to the fashion and apparel industry."
Said ITSA president Vincenzo Cuffaro: "We strongly believe that this will benefit both GES and ITSA. From ITSA's point of view, we will gain access to new markets and increase our export business, which are two of our main strategic objectives. We will also gain a broader corporate vision and access to a more complete support network, which will help expand and further improve our business model."
"This joint venture comes as part of GES' long-term growth strategy and constant commitment in striving to provide comprehensive solutions to customers worldwide. With the JV, distinct capabilities have been combined to positively enhance customer service and logistics efficiencies," said the GES statement.
Shipping Gazette - Daily Shipping News
HONG KONG's Cathay Pacific Airways is to become first airline to offer an air cargo service linking India's fourth most populous city with east and north Asia by increasing its presence in the subcontinent with a new twice-weekly freighter service to Hyderabad.
The Hong Kong-based airline also announced that a third weekly freighter flight to Bengaluru will be added to meet high demand to and from India's leading information technology hub. Both services will start from May 17.
The launch of the new Hyderabad service and the added frequency to Bengaluru will give shippers more choice and flexibility for connecting to the airline's international cargo network through the Hong Kong hub.
"India is an increasingly important market for our business" said Cathay cargo chief Nick Rhodes. "Hyderabad is one of the major hubs for the manufacturing of pharmaceuticals in India, accounting for around one-third of the country's drug production, so we expect a strong demand for our specialised Pharma LIFT products and services.
"For Bengaluru, we have been seeing increasing demand since we launched our freighter service last August and we believe the time is right for an additional flight each week."
The Hyderabad service will operate on a Hong Kong, Delhi, Bengaluru, Hyderabad, Hong Kong routing on Thursdays and a Hong Kong, Chennai, Hyderabad, Hong Kong routing on Sundays.
"The launch of these new flights will reinforce Cathay Pacific's position as one of the biggest air freight operators in India. The latest schedule enhancements mean that Cathay Pacific will operate 19 cargo flights a week to five major commercial cities: Delhi, Mumbai, Chennai, Bengaluru and Hyderabad," said Mr Rhodes.
Shipping Gazette - Daily Shipping News
NEW YORK listed China Eastern Airlines sank to six-month low in US trading after China's central bank doubled the daily trading band to one per cent on April 14, Bloomberg reported.
Shares of China Southern Airlines, the nation's largest carrier, also dropped upon the news. American depositary receipts of China Eastern plunged 3.6 per cent to US$15 earlier this week, the lowest close since Oct 7, 2011 while Hong Kong shares dropped 4.9 per cent to US$0.30.
"Chinese airlines may be impacted by the currency policy change should the yuan react with depreciation," said Alex Ashby, a New York analyst at Global X Funds. Both China Eastern and China Southern forecast falls of over 50 per cent in net income in the first quarter 2012 due to smaller foreign-exchange gains, higher fuel prices and weaker economic growth.
Shipping Gazette - Daily Shipping News
AUSTRALIAN flag carrier Qantas has announced that it will conduct a feasibility study, starting from May, into the potential for an Australian sustainable aviation fuel industry, backed by government funding.
The announcement comes as the carrier embarked on the nation's first flight powered by sustainable aviation fuel from Sydney to Adelaide using a fuel type derived from recycled cooking oil.
Supplied by SkyNRG, the fuel type is a 50:50 blend of biofuel and conventional jet fuel certified for use in commercial aviation. Its life cycle carbon footprint is around 60 per cent smaller than that of conventional jet fuel, a statement from the carrier said.
Qantas CEO Alan Joyce said the project would explore the conditions needed for the production of aviation biofuel from sustainable sources within Australia.
"Today is a historic occasion in Australian aviation," Mr Joyce said. "Alternatives to conventional jet fuel are vital to the aviation industry meeting ambitious targets for carbon-neutral growth and emissions reduction.
"Australia has the skills, resources and infrastructure to take a lead in this emerging sector, which the CSIRO (Commonwealth Scientific and Industrial Research Organisation) has estimated could generate up to 12,000 jobs over the next 20 years. But there are also significant challenges, which is why we need to establish a clear plan.
"Until sustainable aviation fuel is produced commercially at a price competitive with conventional jet fuel, we will not be able to realise its true benefits. This study aims to tell us how that can be achieved in Australia," said Mr Joyce.
On April 19, the group's subsidiary airline Jetstar will power flights JQ705 and JQ706 from Melbourne to Hobart and back with the same fuel type used in the Qantas flights, which the group said underlines its commitment to sustainable aviation fuel.
Government funding for the study will be allocated under the Emerging Renewables Programme, while Shell will provide technical support.
Shipping Gazette - Daily Shipping News
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