Thursday, February 15, 2018
In the 12 months ending January, Gatwick cargo increased 25.4 per cent year on year to 98,834 tonnes, reports London's Air Cargo News.Gatwick, Britain's second passenger airport, has benefitted from a growing long haul network, which consists of more than 60 destinations, with a new route to Buenos Aires to be added this month.March, meanwhile, will see new services to the US cities of Austin and Chicago.Gatwick Airport chief executive officer, Stewart Wingate is continuing to call for approval for a second runway at the airport, saying: "As we approach five consecutive years of growth, Gatwick continues to play an increased role for Britain on the global stage and we stand ready to build our financeable and deliverable second runway scheme for the country."
Most observers agree that seafood and fruit can become bright spots in Pakistan's exports to China. Yet, the CPEC is designed to connect Gwadar port in southwest Pakistan with Kashgar, while most of the seafood sold in Xinjiang is transferred from the southeast coast of China, which is thousands of kilometres away.Before Urumqi airport became licensed as a designated port of entry for imported chilled and fresh seafood products last year, it took seven to 10 days for such imports to be transported to Xinjiang after arriving on China's southeast coast, Beijing's Global Times reported.The 1,150 kg of seafood represents the first time that Urumqi's airport has been allowed to handle fresh goods from Pakistan, after a chilled and fresh seafood products import license was granted to the port last year.However, to ensure the smooth operation of the route, local authorities are being urged to improve the customs clearing process by streamlining the quarantine, examination and approval procedures.In 2017, exports to Pakistan from China stood at US$18.3 billion, while China's imports from Pakistan totalled $1.8 billion.
"AAT has a long and successful history with Asiana Airlines, and we are thrilled to welcome the latest member of the Group to our family", said AAT general manager, Kuah Boon Kiam."South Korea is widely regarded as a leader in international exports, particularly for technology and electronic products, and we are glad to partner Air Seoul to build on that legacy in Hong Kong," Mr Kuah added.Air Seoul is one of the youngest airlines in South Korea based in Seoul but it has been making tremendous progress in the low-cost segment of the market, according to an airline statement.Since its inception in 2016, it has focused on building an international network, especially to Japan and South East Asia. Air Seoul has also launched daily passenger services with A321 aircraft from Seoul to Hong Kong.
The fall in box volume comes as no surprise. Analysts had been predicting all along that the loss of CMA CGM's volumes when it moved to PSA in Singapore following its acquisition of APL would hit the operator hard, according to Seatrade Maritime News, Colchester, UK.Transshipment volumes were particularly hard hit, falling 16 per cent to 6.2 million TEU, which Westports blamed on changes in the container shipping industry, arising from the formation of new global alliances and reconstituted service offerings and port of calls, as well as mergers and acquisitions which kicked in from April.Volumes from other segments helped to ameliorate the losses from mainline transshipment however. The Intra-Asia segment showed favourable momentum with strong growth as throughput grew 8 per cent, increasing its contribution to Westports overall volume to 57 per cent.Gateway volumes also grew strongly, rising 10 per cent, and reflecting Malaysia's strong exports as Westports helped to facilitate the country's domestic economic activities.In terms of finances, Westports noted that it has total outstanding Islamic Medium Term Notes of MYR1.5 billion (US$381 million). Proceeds from its debt exercise were used to part-finance the development of the its container terminal expansion during the year, with capital expenditure for CT8 and CT9 coming up to over MYR800 million.Group managing director Ruben Emir Gnanalingam said: "The container shipping industry went through unprecedented realignment changes that affected almost all major liners in 2017. In addition to these, the industry witnessed a wave of mergers and acquisitions, of which some of our clients were involved in. These changes adversely affected our total transshipment volume last year, but Westports have transitioned successfully towards serving new services under the Ocean Alliance."Mr Ruben noted that construction work at CT8 and CT9 has been completed and with its new facilities, Westports has boosted its container handling capacity to 14 million TEU a year."The added capacity will further strengthen Port Klang as the preeminent port for the nation's gateway trade, while also being one of the main transshipment hubs in the region," he added.For the future, Westports also announced during the year that it had received Approval-in-Principle from the Malaysian government to expand its container terminal facilities from CT10 to CT19 although terms and conditions are still subject to further deliberations.Looking ahead, Westports said "container throughput is expected to register modest growth rate of low single-digit percentage in 2018".
In a recent interview since becoming managing director at the containerline, Danny Hoffman, outlined key issues affecting intra-Asia trades as well as how his line is expanding to new territories."Intra-Asia trade will continue to grow both for reefer and freight and I believe that upward trend will continue but in a modest way," said Mr Hoffman, the former president of Asia Pacific at Zim."We are also planning to expand our activity in Africa, meanwhile last year we launched a new Middle East service which is an extension of our expansion plans in the Indian Sub-Continent," Mr Hoffman said. More Indian Sub-Continent feeder services are also in the offing, he added, as reported in Singapore's Splash 24/7.Gold Star Line's fleet now stands at 19 ships totalling 78,521 TEU. "Our fleet on the intra-Asia routes is changing with more sophisticated vessels being deployed. I believe that due to port congestion and geographical obstacles like shallow draft, the fleet will move to a wide-beam design for those ports, like Bangkok and Chittagong require the maximum sized wide beamed vessels or other regular B-1700 vessels will continue to dominate but will be improved."He pointed out that unlike other sectors of container shipping, there's little room for consolidation among intra-Asia operators, cooperation was the name of the game in this particular niche."I believe that more cooperation in this region will be the way forward. I don't see so many options for consolidation," he said.
"The fine tuning of the 2018 product package will further strengthen our already robust portfolio and allow THE Alliance members to provide enhanced value tailored to exceed the need of the marketplace," the members said in a statement.In addition, THE Alliance will inaugurate a new dedicated service branded as AR1 to provide high speed direct coverage of the Red Sea from China, Korea, Singapore and Malaysia. The service will offer superior transit times and allow customers to efficiently streamline their supply chains.The service updatea are: Asia and North Europe FE1: Kobe, Nagoya, Shimizu, Tokyo, South East Asia Hub, Jeddah, Rotterdam, Hamburg, Southampton, Le Havre, South East Asia Hub and Kobe. FE2: Xingang, Qingdao, Shanghai, Ningbo, Hong Kong, Yantian, South East Asia Hub, Southampton, Le Havre, Hamburg, Rotterdam, Jebel Ali, Hong Kong and Xingang. FE3: Hong Kong, Xiamen, Kaohsiung, Yantian, Rotterdam, Hamburg, Antwerp, Le Havre, London Gateway, South East Asia Hub and Hong Kong. FE4: Pusan, Ningbo, Shanghai, Rotterdam, Hamburg, Antwerp, Southampton, Yantian, Shanghai and Pusan. FE5: Laem Chabang, Cai Mep, South East Asia Hub, Colombo, Rotterdam, Hamburg, Antwerp, Southampton, Jeddah, Colombo, South East Asia Hub and Laem Chabang.Asia and the Mediterranean MD1: Qingdao, Pusan, Shanghai, Ningbo, Shekou, South East Asia Hub, Damietta, Barcelona, Valencia, Tangier, Damietta, South East Asia Hub, Hong Kong and Qingdao. MD2: Pusan, Qingdao, Ningbo, Shanghai, Kaohsiung, Shekou, South East Asia Hub, Piraeus, Genoa, La Spezia, Fos, Piraeus, South East Asia Hub, Hong Kong and Pusan. MD3: Pusan, Shanghai, Ningbo, Shekou, South East Asia Hub, Jeddah, Ashdod, Istanbul (Ambarli), Izmit, Izmir/Aliaga, Mersin, Ashdod, Jeddah, South East Asia Hub, Kaohsiung and Pusan.Asia and the Middle East/Red Sea AGX: Pusan, Qingdao, Shanghai, Ningbo, Shekou, South East Asia Hub, Jebel Ali, Jubail, Dammam, Abu Dhabi, Jebel Ali, South East Asia Hub, Ningbo and Pusan. AG2: Shanghai, Ningbo, Kaohsiung, Xiamen, Shekou, South East Asia Hub, Jebel Ali, Hamad, Umm Qasr, Jebel Ali, South East Asia Hub, Kaohsiung and Shanghai. AR1: Pusan, Shanghai, Ningbo, Shekou, Singapore, Port Kelang, Jeddah, Sokhna, Aqaba, Jeddah, Singapore, Ningbo and Pusan.Trans Pacific - West Coast: PS1: Kobe, Nagoya, Tokyo, Sendai, Los Angeles, Oakland, Tokyo, Nagoya and Kobe. PS2: Kobe, Nagoya, Shimizu, Tokyo, Long Beach, Oakland, Tokyo and Kobe. PS3: Nhava Sheva, Pipavav, Colombo, South East Asia Hub, Laem Chabang, Cai Mep, Los Angeles, Oakland, Pusan, Shanghai, Ningbo, Shekou, South East Asia Hub and Nhava Sheva. PS4: Hong Kong, Yantian, Kaohsiung, Keelung, Los Angeles, Oakland, Keelung, Kaohsiung, Xiamen and Hong Kong. PS5: Shanghai, Ningbo, Los Angeles, Oakland and Shanghai. PS6: Qingdao, Ningbo, Shanghai, Pusan, Long Beach, Oakland, Tokyo and/, Qingdao. PS7: Hong Kong, Yantian, Los Angeles, Oakland and Hong Kong. PS8: Xingang, Qingdao, Shanghai, Pusan, Prince Rupert, Los Angeles, Tacoma, Pusan, Kwangyang and Xingang. PN1: Shanghai, Qingdao, Nagoya, Tokyo, Tacoma, Vancouver, Tokyo, Nagoya, Kobe and Shanghai. PN2: South East Asia Hub, Laem Chabang, Cai Mep, Kaohsiung, Yantian, Tacoma, Vancouver, Tokyo, Kobe, Kaohsiung and South East Asia Hub. PN3: Hong Kong, Yantian, Ningbo, Shanghai, Pusan, Vancouver, Seattle, Pusan and Hong Kong.Trans Pacific - East Coast (via Panama and Suez)EC1: Ningbo, Shanghai, Pusan, Tokyo, (Panama Canal), Manzanillo, Savannah, Jacksonville, Charleston, Norfolk, Manzanillo, (Panama Canal), Balboa, Los Angeles, Oakland, Tokyo, Kobe and Ningbo. EC2: Qingdao, Ningbo, Shanghai, Pusan, (Panama Canal) - Manzanillo, New York, Boston, Wilmington, Savannah, Charleston, Manzanillo, (Panama Canal), Pusan and Qingdao. EC3: Kaohsiung, Xiamen, Hong Kong, Yantian- Shanghai, (Panama Canal), Manzanillo, Savannah, Jacksonville, Norfolk, Manzanillo, (Panama Canal), Balboa, Pusan and Kaohsiung. EC4: Kaohsiung, Hong Kong, Yantian, Cai Mep, South East Asia Hub, (Suez Canal), New York, Norfolk, Savannah, Charleston, New York, (Suez Canal), South East Asia Hub and Kaohsiung. EC5: Laem Chabang, Cai Mep, South East Asia Hub, Colombo, (Suez Canal), Halifax, New York, Savannah, Jacksonville, Norfolk, Halifax, (Suez Canal), Jebel Ali, South East Asia Hub and Laem Chabang.Trans-Atlantic AL1: Rotterdam, Bremerhaven, Antwerp, London Gateway, Norfolk, Philadelphia, New York, Halifax and Rotterdam. AL2: London Gateway, Le Havre, Rotterdam, Bremerhaven, NewYork, Charleston, Savannah and London Gateway. AL3: Antwerp, Bremerhaven, London Gateway, Charleston, Port Everglades- Houston, Savannah, Norfolk and Antwerp. AL4: London Gateway, Antwerp, Bremerhaven, Le Havre, Veracruz, Altamira, Houston, New Orleans and London Gateway. AL5: Southampton, Rotterdam, Hamburg, Antwerp, Le Havre, Savannah, Cartagena, Long Beach, Oakland, Seattle, Vancouver, Oakland, Long Beach, Balboa, Cartagena, Caucedo, Savannah and Southampton. AL6: Salerno, Livorno, La Spezia, Genoa, Fos, Halifax, New York, Norfolk, Savannah and Salerno. AL7: Barcelona, Valencia, Algeciras, Halifax, New York, Norfolk, Savannah, Valencia, Tarragona and Barcelona.
The company noted that the new vessels are specially designed to enable the loading of 40-foot containers on top of two 20-foot units for mixed stowage, American Shipper reported.The 12-vessel charter comes hot on the heels of the Taiwanese carrier's order last week for eight 11,000 TEU containerships from Samsung Heavy Industries.Of this order, four ships will be owned by Greencompass Marine, and the other four will be under the control of Evergreen Marine (Hong Kong) Ltd. These newbuilds are planned for delivery starting from the first quarter of 2020 through the second quarter of 2021.
OOCL said in a statement that the cancellation has been made "in response to the expected low demand following the Lunar New Year holiday". The carrier says the withdrawal of the Asia-North America sailing is in addition to those cancellations announced on January 11 and January 22.The cancelled sailing is the Pacific China Central 2 (PCC2) - CSL South China Sea (ECS) 019E/W: ETA Long Beach on March 11 in Week 10 for Westbound.Service resumes with Cosco Oceania (CSO) 061E/W: ETA Dalian on March 4 in Week 9 for Eastbound, and ETA Long Beach on March 25 in Week 12 for Westbound.
The plan will be unveiled when the Ministry of Oceans and Fisheries announce its 'Five-Year Plan for the Reconstruction of Korean Shipping' at the end of the month.The Founding Committee for Korea Maritime Promotion Corporation will provide financial support for the vessel acquisition. The corporation can issue bonds of up to US$2.7 billion and manage up to $10 billion in funds. The Ministry of Oceans and Fisheries said that it will support the ordering of 50 vessels this year, reported BusinessKorea.The Korea Maritime Promotion Corporation has been newly founded to fill the gap left in the wake of the collapse of Hanjin Shipping."If the reconstruction plan is announced, Hyundai Merchant Marine will come up with a survival plan," said the carrier.A future vision outlined by Hyundai Merchant Marine - in line with the shipping reconstruction plan - is summarised as "a super large fleet, the invasion of Europe and forming new alliances."Initially, the shipping line will place orders for 20 vessels, including 12 x 12,000 TEU vessels and eight 13,000 TEU vessels, starting in March.If Hyundai Merchant Marine secures 20 vessels ranging in size from 10,000 to 20,000 TEU, the capacity of its fleet will surge to 800,000 TEU. The purpose of securing 20,000 TEU ships is to establish a new European route. HMM currently transports Asia to Europe cargo on 2M vessels and, likewise, for its service to the east coast of North America.HMM is expected to launch a new European route by deploying six mega ships on one route. With respect to services to the east coast of North America, HMM is expected to offer a service to cover the west coast of North America and Panama Canal by cooperating with Israeli shipping line ZIM. This service will be operated by 13,000 TEU ships.
Revenue grew 10 per cent to KRW5.03 trillion from a 30 per cent surge in volume, while it managed to put a cap on its debt ratio, which improved from 349 per cent in 2016 to 298 per cent, Singapore's Splash 247 reported.The company said in a release: "Net loss was result of a KRW479.5 billion loss in book value of 10 vessels that were sold to Korea Shipping and Maritime Transportation in March 2017."Despite the magnitude of its continued losses, HMM, backed by state funds, is about to embark on a huge fleet expansion which could see its fleet double in size by 2022. The South Korean carrier is to invest $95 million in 30,000 new containers.
On a month-on-month basis, January's volumes were up 1.1 per cent compared to December 2017's throughput of 2.96 million TEU.The Lion City port retained its place as the world's second largest container port in 2017 by handling 33.7 million TEU, an increase of 8.9 per cent on 2016. However, volumes were still marginally lower than the record year of 2014.Total cargo volume in January increased by 3.1 per cent to 52.65 million tonnes, compared to 51.04 million tonnes in the same month last year.