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Brisbane port sees box volume surge 13pc in October

PostTime:2022-12-09 09:35:34 View:4

PORT of Brisbane saw a significant increase in container volumes crossing the wharves over October, according to the latest trade statistics from the port. Brisbane handled a total of 142,597 TEU in October 2022, an increase of 13 per cent on total container throughput in October 2021, reports Australia's Daily Cargo News. This increase was driven by robust growth in both imports and exports of containerized cargo. In total, Port of Brisbane handled 66,949 TEU of containerized imports in October, up 12.3 per cent on the same month last year. The largest import commodity for the month was "import other", up 19 per cent to 29,951 TEU. The second biggest containerized import commodity for the month was household items, up 7 per cent to 8,717 TEU. This was followed by building products, up 26 per cent to 7,249 TEU. Exports that went through the Port of Brisbane in October came to 69,119 TEU, an increase of 17 per cent on the same month last year. The biggest export commodity, as usual, was fresh Queensland air, with 34,276 TEU of empty containers exported over the month - an increase of 15 per cent on empty exports in October 2021. The ports second-biggest export commodity for the month was "export other" at 13,294 TEU (up 13.8 per cent) - this was followed by containerized cotton exports at 6,758 TEU (up 110 per cent on last year). Zooming out and looking at total trade (including containerized and non-containerized cargo) through Port of Brisbane, the port handled 2.72 million tonnes. This was an increase of 2.6 per cent on October 2021.    

TransContainer modernizes Kirov Terminal

PostTime:2022-12-09 09:33:50 View:4

TRANSCONTAINER has modernized its rail container terminal at the Kirov-Kotlassky railway station in Kirov, reports St Petersburg PortNews. It included modernizing the power supply system and the crane rails, acquiring a new 45-tonne gantry crane, and building a new lighting system. As a result, the capacity of the terminal doubled. The reconstruction was underway from 2020 to 2022 while the terminal continued handling cargo loading and unloading block trains. After the reconstruction, the terminal's annual capacity increased from 19,000 TEU to 37,000 TEU, the yard capacity grew from 358 TEU to 996 TEU, and the railway front capacity expanded from 35 to 46 railcars.  

Manufacturing orders from China down 40pc as demand collapses

PostTime:2022-12-09 09:30:36 View:5

US logistic managers are bracing for delays in the delivery of goods from China in early January as a result of cancelled sailings of container ships and rollovers of exports by ocean carriers. Carriers have been executing on an active capacity management strategy by announcing more blank sailings and suspending services to balance supply with demand, reports CNBC. "The unrelenting decline in container freight rates from Asia, caused by a collapse in demand, is compelling ocean carriers to blank more sailings than ever before as vessel utilization hits new lows," said Joe Monaghan, CEO of Worldwide Logistics Group. US manufacturing orders in China are down 40 per cent, according to the latest CNBC Supply Chain Heat Map data. As a result of the decrease in orders, Worldwide Logistics tells CNBC it is expecting Chinese factories to shut down two weeks earlier than usual for the Chinese Lunar New Year - Chinese New Year's Eve falls on January 21 next year. The seven days after the holiday are considered a national holiday. Supply chain research firm Project44 tells CNBC that after reaching record-breaking levels of trade during the pandemic lockdowns, vessel TEU volume from China to the US has significantly pulled back since the end of summer 2022 - including a decline of 21 per cent in total vessel container volume between August and November. Asia-based global shipping firm HLS warned clients in a recent communication about the ocean transport business climate. "It seems to be a very bad time for the shipping industry. We have the combination of declining demands and overcapacity as new tonnage enters the market," it wrote. HLS analysts are predicting a further 2.5 per cent decline in container volumes and a nearly 5-6 per cent increase in capacity in 2023, which will continue to negatively impact freight rates in 2023. OL USA CEO Alan Baer tells CNBC that there are some early signs of an inventory correction. Overall business volume and order flow out of Asia continue to be muted as carriers cancel more vessels, and there is little upside momentum leading into Chinese New Year. However, Mr Baer said: "Space has already tightened, so while demand is soft, space may be at a premium in January and throughout Q1. On the plus side, inventory depletion and the need to restart the order and delivery cycle appears to be inching upward." HLS cited trade data showing that US imports from Asia plunged in October to their lowest level in 20 months. The spot rate for a container from Asia to the US West Coast has crossed the breakeven point, "with little room for further reductions," it wrote. The large West Coast ports of Los Angeles and Long Beach have experienced the largest drop in trade, according to Josh Brazil, vice president of supply chain insights at Project44, as shippers also rerouted some of their shipments to the East Coast to avoid the risk of a major union strike at West Coast ports. The drop in manufacturing orders from the US and the EU is also impacting Vietnam, which has been booming as a manufacturing hub as more trade moved away from China.  

Interasia Line orders three more 3,055 TEU ships at JMU

PostTime:2022-12-09 09:29:08 View:5

SINGAPORE-BASED Interasia Lines has declared options for three 3,055 TEU boxships at Japan Marine United (JMU), following on from an initial firm order for three similar ships in April. All six ships will deliver in late 2024 and through 2025, according to Alphaliner. Interasia Lines, which was founded in Tokyo in 1967, has a fleet of 22 vessels, and ranks in position 31 on Alphaliner's top carrier list, reports Singapore's Splash 247.  

CMA CGM inks deal to purchase two US container terminals

PostTime:2022-12-09 09:27:14 View:5

FRENCH shipping giant CMA CGM has signed an agreement to acquire Global Container Terminals' New York and Bayonne terminals. The Port of New York and New Jersey is a key entry point serving the north-eastern US supply chain areas and represents CMA CGM's largest gateway on the US east and gulf coasts. The Bayonne and New York terminals, with an existing combined capacity of 2 million TEU per year, have a potential for further expansion, up to almost double capacity, reports Australia's Daily Cargo News. CMA CGM Group chairman and CEO Rodolphe Saade said the acquisition of GCT Bayonne and GCT New York terminals is a strategic investment for the CMA CGM Group. "It reinforces the services we provide to US customers and their supply chain efficiency," he said. "It further consolidates our positions in the United States, a major market among the fastest-growing worldwide, and will help us continue our development." According to CMA CGM, Bayonne terminal has the highest level of automation, the fastest truck turn time in the harbour, the closest ocean access, and an ability to service vessels of up to 18,000 TEU. The company said the New York Terminal benefits from a highly productive labour force in the Port of New York and New Jersey and connects the dense New York hinterland with direct trucking and intermodal access. After closing, the CMA CGM Group will operate the two strategic facilities as multi-user terminals under the leadership of the current management team and will continue focusing on improving its service quality to satisfy US customers' expectations. Investment in the infrastructure will be undertaken to meet both CMA CGM and local communities' environment protection targets. CMA CGM intends to further develop its shipping line calls in the New York area for which the terminals will provide future capacity. The group said it would accelerate investments in the development of the Bayonne and New York terminals, with an objective to increase the combined capacity by up to 80 per cent in the coming years. This major acquisition will make it possible for CMA CGM to support US east coast supply chain growth and improve efficiency to and from the world. The closing of this transaction remains subject to the approval of the competent regulatory authorities.  

Consortium looking to set up CO2 capture shipping project

PostTime:2022-12-08 10:03:18 View:8

A CONSORTIUM of global energy and shipping organisations, which includes the Global Centre for Maritime Decarbonization (GCMD) in Singapore, has said it's seeking proposals to study ways to offload captured carbon dioxide from ships during port calls. The call for proposals is part of the world's first project aimed at building and testing a full-scale carbon-dioxide capture system aboard an oil tanker, reports Reuters Carbon dioxide retained in ships instead of released into the atmosphere in engine exhaust would be unloaded in a port. The GCMD said it expected by the second quarter of 2023 to choose a proposal for a study into means of offloading carbon dioxide. The study should be completed in nine months, it said. The eventual findings are intended to help shape regulatory and operational guidelines that could steer future adoption of shipboard carbon capture technologies. The initiative comes as more shipping and energy companies conduct studies on carbon capture amid increasing pressure to achieve net-zero emissions by 2050. The pipeline for commodities-sector projects to capture and store carbon emissions has grown around 44 per cent in the past year to 244 million tonnes a year, according to a study published in October.  

Small liner operators hit by high charter termination rates

PostTime:2022-12-08 10:00:09 View:8

SEVERE early termination penalties on charters have seen a number of smaller carriers continue to offer services on both the Pacific and Asia Europe trades according to Linerlytica analyst Tan Hua Joo. He said that despite the reversal in freight levels, many new entrants on long-haul lanes were persisting with unprofitable services. Linerlytica believes the cancellation by Chinese liner operator CU Lines of its vessel-sharing agreement with compatriot state-controlled peer Antong Holdings after just six months, and ahead of the original end-date in March 2025, is a one-off event, reports London's Loadstar. CU Lines cited falling Pacific and Asia-Europe volumes as the reason. However, Mr Tan told The Loadstar: "It was a fixed charter agreement with a profit-sharing element, although any losses will be borne solely by CULines. This kind of tie-up is unusual, so I don't expect any repeat cases." In a recent Shanghai Stock Exchange filing, Antong, parent of Quanzhou Ansheng Shipping, said it received the termination request from CU Lines days ago. It said: "The cooperation between the two parties has achieved good results in the early stage. Due to the drastic changes in the international situation, the closely related global shipping market has taken a sharp turn and plummeted like an avalanche. "Based on our calculations, it will be difficult to maintain normal operations and it's necessary to make timely adjustments and cut losses as soon as possible. "In order to reduce the losses of both parties, based on the consideration of friendly negotiations, please carefully consider the 'Joint Foreign Trade Route Strategic Cooperation Agreement' and the early termination of the ship charter and container leasing contracts and sincerely discuss with our company a settlement plan for the contract termination." Antong became state-controlled after a government bailout in 2020, after unauthorized guarantees issued by the management had plunged the group into a financial crisis. Originally an NVOCC, CU Lines began intra-Asia liner services on chartered vessels, but expanded its fleet with two second-hand ships and ventured into the transpacific and Asia-Europe lanes last year, as freight rates soared. Both companies came together in May to share resources and profits, anticipating mutual benefits. Antong, which operates coastal box shipping services, saw a chance to venture into long-haul lanes, while CU Lines could tap into the former's larger fleet to manage high charter costs.

Ocean Alliance expands trans-Atlantic route amid rate strength

PostTime:2022-12-08 09:45:57 View:8

CONTAINER carrier members of the Ocean Alliance are shifting post-Panamax ships from the trans-Pacific and Asia -Europe trades to the trans-Atlantic as global demand for Asian exports weakens. Although adding capacity will put downward pressure on rates, increasing trade between the US and Europe should buoy the trans-Atlantic market, according to IHS Media. Ocean Alliance's "Liberty Bridge" service from Europe to the US has gone from a Panamax-size service of 8,500 TEU to a post-Panamax service of about 12,000 TEU with new ships being rotated into the service. The Ocean Alliance carrier members are Cosco, OOCL, Evergreen and CMA CGM. In December, CMA CGM replaced two Panamax ships with two 11,388 TEU ships, the Columbia and Cassiopeia, according to the ocean carrier's latest schedule Likewise, Evergreen Marine will rotate the 13,808 TEU Tampa Triumph into Liberty Bridge as of an early January departure from the United Kingdom, making it the largest vessel deployed in the Europe-US East Coast trade, according to Alphaliner. Cosco Shipping, as well, rotated in three ships of approximately 13,000 TEU capacity into the Liberty Bridge service over October and November, just after they last departed Asia. The ships replace 8,500 TEU capacity vessels that Cosco had deployed. The shift of larger ships into the trans-Atlantic trade coincided with a severe slowdown in the trans-Pacific market, Lars Jensen, CEO of consultancy Vespucci Maritime and a JOC analyst, said during a Journal of Commerce webcast last week. At the same time, more ships became available as port congestion decreased throughout 2022, Mr Jensen said, adding that fewer ships sitting at anchor re-released 7 per cent additional supply into the market. "Given that this is what is soaking up capacity - vessels sitting in a queue - we see a lot of capacity come back at the same time as we see demand go into a collapse," Mr Jensen said. With vessel-operating expenses much higher due to inflation, Mr Jensen said carriers are at breakeven or losses on most trades from Asia now as rates fall below pre-pandemic levels. Mr Jensen said the trans-Atlantic is still relatively tight due to delays at US East Coast ports caused in part by an influx of cargo being diverted from West Coast ports. As of December 2, there were 22 ships at anchor waiting for a berth at the Port of Savannah. The Port of New York and New Jersey reported four ships at anchor. But as those issues ease, Mr Jensen said it would be "only a matter of time" before trans-Atlantic rates follow suit. Total US imports from Europe ticked up 2.4 per cent year over year to just over 2 million TEU in the first ten months of 2022, according to PIERS. During the comparable 2021 period, US imports from Europe rose 6.7 per cent from 2020. Along with major carriers adding capacity, niche ocean carriers are starting to add new capacity in the trans-Atlantic in response to what they see as still healthy demand.  

Singapore call for parties to develop zero-carbon bunkering and power gen

PostTime:2022-12-07 08:50:52 View:22

Singapore has launched a Call for Expression of Interest to low and zero-carbon bunkering and power generation solutions. Marcus Hand | Dec 05, 2022 The invitation comes are the recent launch of Singapore’s National Hydrogen Strategy and sees the Energy Market Authority (EMA) and the Maritime and Port Authority of Singapore (MPA) asking interested parties to submit proposals under an Expression of Interest (EOI) to build, own and operate low or zero-carbon power generation and bunkering solutions in Jurong Island, Singapore. The EOI is aimed at exploring the use of fuels such as hydrogen and ammonia for power generation and marine fuels. Ammonia is a seen as currently one of the most technologically ready hydrogen carriers with an established international supply chain for industrial use. Related: No green shipping corridors without landside infrastructure Teo Eng Dih, Chief Executive of MPA, said: “Close collaboration between the public and private sector is critical to accelerate decarbonisation in the maritime industry. MPA hopes to partner those who are committed to building up the global supply chain for low or zero-carbon fuels, including ammonia, with Singapore as a key bunkering hub.” Ngiam Shih Chun, Chief Executive of EMA, said: “Hydrogen and ammonia have the potential to be a needle-moving decarbonisation solution for the power sector.”

CMES ordering six dual-fuel PCTCs from China Merchants Industry

PostTime:2022-12-07 08:48:56 View:19

China Merchants Energy Shipping (CMES) has inked Letter of Intent for the construction of two plus four methanol dual-fuel 9,000 ceu car carriers with China Merchants Industry. Katherine Si | Dec 06, 2022 Total contract value will be no higher than $597m. “To seize market opportunity and further expand the company’s PCTC fleet and international ro-ro service, actively promote low-carbon green vessel development, the company is strengthening cooperation with world’s top PCTC yard, China Merchants Industry,” said China Merchants Energy Shipping.  Related: CMES launching ro-ro service to Persian Gulf The newbuilds are the largest and most advanced PCTCs in global market, which are independently designed and developed by China Merchants Industry, could be deployed on long-distance services to Europe, America, Africa and other regions.  Two firmed vessels are due for delivery in 2025 and the other four options are going to be delivered in 2026.

Sameeha Pradeep Sule heads Hamburg port's rep office in Mumbai

PostTime:2022-12-07 08:40:55 View:19

ECONOMIST Sameeha Pradeep Sule has taken over the management of the Hamburg Representation Mumbai (HRM),which also represents Port of Hamburg Marketing, from her predecessor Lea Miram who is leaving India after four years and returning to Germany. Ms Sule has been leading the representative office in India since October 1, 2022. "Sameeha Pradeep Sule is already experienced in Indo-German exchange. During the past three years, she has been part of several intercultural projects of the Indo-German Chamber of Commerce. In 2020, she began supporting the HRM," according to a statement. Since 2011, the HRM has bridged the gap between the Indian market and the Port of Hamburg. India is one of the port's most important trading partners. Several container, general cargo, heavy lift and RoRo services connect the Port of Hamburg with India each week. Machinery and equipment, metals and metal products, chemical products as well as textiles and clothing are among the most frequently transported goods.  

Trans-Pac service contracts renegotiated at lower rates

PostTime:2022-12-07 08:34:09 View:21

AN increasing number of shippers on the eastbound trans-Pacific have renegotiated rates in existing service contracts to reflect a market that has softened markedly over the past three months, reports IHS Media. The contract rate reductions, which sources said are mostly running through the April 30 expiry of current deals, are a signal that some shippers largely prefer service continuity with existing carriers over a more chaotic approach of fishing for rates in the spot market. Importers are locking in rates that are far below the US$6,000 to $8,000 per FEU, or higher, that they negotiated last spring. Shippers say some carriers who earlier this year refused to increase their space allotments are coming back to them with offers of more space at rates which, although higher than the current spot rate of about $2,000 per FEU to the West Coast, are steeply discounted from the rates they signed for last May. "We have renegotiated every contract we have," the logistics manager at an importer in the automotive sector said. "They [carriers] know no one is going to ship with them at those higher rates." In a poll of about 300 of its customers in the major east-west trade lanes three weeks ago, rate index platform Xeneta found only 4 per cent of respondents said they were sticking with their current long-term contracts. The "ultra-large majority" of shippers already have negotiated lower contract rates or are in the process of doing so, Michael Braun, vice president of customer solutions at Xeneta, said. A carrier executive said most shippers are keen to avoid an all-out rate war that would end up fraying relationships they worked hard to establish with their core carriers during the Covid experience of the past two years. "If anything, they [customers] learned that if rates go too low it's not good for anyone," the source said. "Let's keep the rates halfway normal." Carriers over the past three months attempted to prevent a freefall in spot rates by cancelling, or blanking, sailings in the trans-Pacific. With many of their existing service contracts having been renegotiated, carriers and their customers are beginning to look ahead to the 2023-24 contracts that will take effect on May 1. But they caution that the discussions are preliminary in nature and will not get serious until the New Year.