Thursday, November 21, 2019
"Most businesses shipping within Asia will now have their shipments delivered in as little as two business days," UPS Asia Pacific region president Ross McCullough was quoted as saying in a report by London's Air Cargo News. "This offers an end-to-end service alternative for freight forwarding shippers in the region looking for a scalable solution as they venture into new markets."Improvements include: day-definite guarantee with one-day faster transit time for UPS Worldwide Expedited service within Asia. Improved geographic reach of UPS Worldwide Express services, with time-definite deliveries for international shipments, to 205 new postal codes in Indonesia, Korea and Taiwan.Reduced transit time by one day for businesses exporting from northern Malaysia to major territories in Asia, Europe and the US; from northern Thailand to Europe and the US; and from major territories in Asia to China with UPS Worldwide Express Saver service.Plus, expansion of UPS Marketplace Shipping to 10 additional Asian markets, offering businesses an automated way to process their e-marketplace orders by streamlining the order management and shipping processes, and reaching more end-customers in other parts of the world.
The airline attributed the 3.9 per cent drop in revenue to NTD45.52 billion to weak air cargo demand amid the ongoing US-China trade row and on the violent protests that have rocked Hong Kong for nearly six months.Passenger revenue declined compared to the same period last year, as it did not fully resume normal flight schedules until July 20, after flight attendants launched strikes in late June, reported Taipei Times.As a result, its available freighter tonne-kilometres (AFTK) dropped by 1.9 per cent in the first nine months of this year compared to the same period last year.EVA, the airline arm of Taiwan's Evergreen Group, reported cumulative net profit of NTD3.21 billion for the first nine months of 2019, down 46.2 per cent from NTD5.98 billion a year earlier.The carrier anticipates that cargo business momentum in the fourth quarter will outperform the first three quarters, as demand is likely to rise in the run-up to the Christmas holiday season, EVA president Clay Sun said.Mr Sun gave an upbeat outlook for next year, when five new Boeing 787-10 aircraft will join the airline's fleet. The new airplanes will help improve the carrier's AFTK by eight per cent, he said.
The cargo load factor contracted by 6.2 percentage points to 61.8 per cent on a capacity reduction of 1.4 per cent to 922.2 million tonne kilometres, reported London's Air Cargo News.The load factor dropped most on southwest Pacific routes, down by 9.4 percentage points.In the first half of its 2019-20 financial year ending September 30, the airline carried 616,300 tonnes of cargo, representing a decline of 5.2 per cent compared to the corresponding prior year period. The cargo load factor shed 4.1 percentage points to 58.4 per cent.According to the Singapore Changi airport-based carrier, SIA Cargo "will continue to pursue charter opportunities and deploy capacity to match demand."Its freighter network currently covers 19 cities, including Singapore.
The accolade for the best investment project in the infrastructure sector recognises outstanding investments that have greatly contributed to the country's economic growth, in line with the Congo's Investment Code.Approximately 150 kilometres upstream from the Atlantic, MGT is a major port on the Congo River and gateway to the capital Kinshasa. The terminal brings modern and world-class port infrastructure and facilities to western DRC.MGT chief executive officer Tim Vancampen said in a statement: "ICTSI is one of the first multinationals that firmly placed a strong footing in DRC and believed in its potential in 2014. As the country's premier maritime gateway, we are very proud to have contributed to the improving business and investment climate, and we remain committed to supporting DR Congo's greater economic goals."MGT, with support from the DRC government, has a two-step plan in place to dredge the Congo River up to a draft of 12.5 metres - thereby opening the door to Panamax class vessel calls. A third phase, under development, will facilitate access for the slightly larger WAFMAX vessels, which will require a draft of 14 metres.To further improve the terminal's turnaround times a third mobile harbour crane is now on order, providing the ability to turn a 2,500-TEU capacity ship in under 12 hours.
This implementation phase of the project moves the bar higher on safety standards for vessel automation and autonomy. The Wartsila and PSA Marine IntelliTug project is supported by the Maritime and Port Authority of Singapore.The new DP system, also known as the Joystick Maneuvering System (JMS), enables easier and more intuitive control of the tug's movement. With the push of a button, the tug master can achieve 'virtual anchoring' to hold position and/or maintain the tug's heading.The DP system forms the foundational technology layer for the IntelliTug project, enabling digital navigation instructions to be passed to the vessel's propulsion systems. The system has received a statement of compliance from Lloyd's Register for the DP notation, thereby endorsing its safety, reliability and performance.The IntelliTug project is bringing to life a smart tug that can enhance the capabilities of the tug master by autonomously performing a range of routine missions. This will ease the task of addressing the complex demands faced by tug masters on a daily basis."The IntelliTug project is about discovering smarter, safer and more efficient ways of operating a harbour tug. It incorporates human-centric technology, design thinking and man-machine collaboration," said PSA Marine's head of fleet management Bernard Wong."Safety and productivity are key areas being improved with our autonomous vessel technology. As we develop and learn from these technologies, the values we are able to provide to our customers will grow exponentially, providing a very clear path for businesses needing to compete in the new intelligent maritime industry," added Wartsila's sales director Paul Kendall.
A month prior to the campaign, ONE's CEO Jeremy Nixon, chaired a 'Marine Safety and Quality Management Conference' for management at ONE's global headquarters, where critical aspects of safety and quality status for ONE's operated vessels were discussed, and priorities determined for ONE's product offering.Following the conference and part of the Global Marine Safety and Quality Campaign, ONE's management visited and inspected more than 15 operated vessels in Singapore to accentuate the importance of navigation safety, the company said in a statement.During the inspection, the master and chief engineer were engaged to analyse further measures that could be taken on board to achieve navigation safety excellency. ONE is also rolling out management vessel visits worldwide to reinforce marine navigation safety practices at a global scale."Together with vessel crews' extended efforts in safe and efficient operations, ONE upholds our core values of continuous quality service delivery and reliability to our valued customers," the company added.
October exports rose by 9.8 per cent, while imports fell by 7.4 per cent and shipment volumes of empty containers overseas dipped by 0.8 per cent, reported Long Beach Business Journal.During the first 10 months of 2019, overall cargo volumes declined by 5.4 per cent year on year."As the trade war lingers, these tariffs continue to impact the US economy and have created uncertainty for the business of importers and exporters," PoLB executive director Mario Cordero stated."We are hopeful for a prompt resolution of the tariff situation between the US and China. In the meantime, we are moving forward with capital improvements that should bring long-term growth."
Two containerships, the 500-TEU Hanya 1 and 560-TEU Hanya 2, will be deployed on the route.The company said this direct service aims to meet growing shipping demand fuelled by rapidly increasing regional trade volumes, reported Seatrade Maritime News, Colchester, UK.In the first half of the year, Wuhan port handled 820,000 TEU.
The shipping line moved 1.44 million TEU in the third quarter, representing a year-on-year increase of two per cent.The company said it is now optimising operating costs with new containerships and the redelivery of chartered vessels. It has redelivered 13 of its high-cost chartered vessels and plans to redeliver another five ships in 2020, reported American Shipper.In anticipation of the US-China trade row continuing and the consequential shift in the global supply chain, the carrier said it will further optimise its intra-Asia service network.The company said a strategic decision not to exercise options with respect to certain formerly chartered vessels impacted its third quarter results."By opting out, the company incurred obligations under the charter parties, which were then recorded as potential impact as mandated by the International Financial Reporting Standards. The potential effects of the arrangement were estimated at NTD1.39 billion and lowered Yang Ming's third quarter results, which otherwise would have showed a profitable quarter."Nevertheless, Yang Ming's cash flow and operations were not affected, and the company continues to see encouraging results."It added: "The container shipping market remains vulnerable to trade uncertainties and geopolitical tensions. It is unclear the extent of potential impact those tensions and uncertainties will have on demand. Despite unpredictable market conditions, Yang Ming has improved its volume and revenue largely due to the efforts of business strategy and competitiveness enhancements."
"MSC is delighted that Mr Toft will be supporting the Aponte family at the helm to ensure that the company remains a global leader in the years to come," MSC said in a press release. "He will report directly to Diego Aponte, group president, and Gianluigi Aponte, founder and group chairman."Maersk and MSC are partners in the 2M space-sharing agreement on the major East-West container trades. While Maersk is a public company, MSC is privately owned, reports New York's FreightWaves.MSC said that Mr Toft, 45, "comes with an impressive career background and pedigree in the industry, having worked at Maersk for the past 25 years". It said he and his family will be relocating to Geneva, where MSC is headquartered and that "his start date will be communicated in due course".MSC said it was "confident that this appointment will bring significant value to its cargo businesses, building on the company's existing strengths and boosting its development plans even further."The research firm Alphaliner ranks Maersk and MSC as the number one and number two container carriers, as measured in fleet size respectively. Alphaliner's says Maersk has 705 owned and chartered ships with 4,191,426 TEU aggregate carrying capacity and MSC with 569 ships with 3,747,457 TEU capacity.MSC has a much larger orderbook of new ships with 17 vessels with 303,668 TEU capacity compared to Maersk's orderbook for 18 ships with 42,670 TEU on order, according to Alphaliner.Although MSC has a far bigger orderbook, FreightWaves understands that as those vessels join the fleet, chartered vessels will be released.